Saratoga County

Roohan building up for sale at $3.99M

The Roohan Building, part of Broadway’s modern rebirth 10 years ago, is up for sale.

PHOTOGRAPHER:

The Roohan Building, part of Broadway’s modern rebirth 10 years ago, is up for sale.

Roohan Realty listed the building at $3.99 million last week, owner Tom Roohan said Monday. Putnam Wine and Putnam Market are the first-floor retail tenants, with offices and apartments upstairs in the three-story building.

“I got a couple different opportunities that are on my desk, and I want to take advantage of the equity I have in that building to do some other things,” Roohan said.

Cathy Hamilton, co-owner of Putnam Market and Putnam Wine, said she has no plans to buy the building because she doesn’t want to be in the property business.

Hamilton was an original tenant when the building opened, having moved from Putnam Street.

“I can’t even begin telling you how much we’d miss having him as a landlord,” she said of Roohan.

She has a long-term lease for the stores.

The 25,000-square-foot building opened 10 years ago after Roohan partnered with Bonacio Construction to build it on the former site of the so-called “mini mall” in a vacant city-owned lot.

Roohan said he bought the land at 433 Broadway from the city after submitting plans for the site, and left a walkway on the side if the building for pedestrians parked off Broadway.

Vendors sold wares at the mini mall in the 1980s and ’90s.

The Roohan building was finished around the same time as the Pfeil Building at 340 Broadway and Borders Books and Music at Broadway and Division Street, and all were so-called infill development on vacant or under-utilized property.

Ceramic craftsmen Doug Klein and Darren Prodger were commissioned to make a custom terra-cotta sign for the Roohan Building.

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