|Lot Size||6.32 ACRES|
Roughly 150 miles north of New York City, Albany developed on the west bank of the Hudson River, about 10 miles south of its confluence with the Mohawk River. Albany constitutes the economic and cultural core of the Capital District of New York State, which comprises the Albany-Schenectady-Troy, NY Metropolitan Statistical Area, including the nearby cities and suburbs of Troy, Schenectady, and Saratoga Springs. The Capital District is the third-most populous metropolitan region in the state.
Albany's economy, along with that of the Capital District in general, is heavily dependent on government, health care, education, and more recently, technology. Because of these typically steady economic bases, the local economy has been relatively immune to national economic recessions in the past. More than 25 percent of the city's population works in government-related positions. Albany's estimated daytime population is more than 162,000. Companies based in Albany include Trans World Entertainment and Clough Harbour. Albany has the fourth highest amount of lawyers in its employment pool (7.5 lawyers per 1,000 jobs) compared to the rest of the nation, behind Washington, D.C., Trenton, New Jersey, and New York City, respectively.