Iati, who entered the game shooting 51 percent (20 of 39) from deep, made just 1 of 6 shots from long range but logged his 15th straight game with a 3-pointer.
Albany (5-2) scored the game's first five points and led 9-2 following a jumper from Iati. Wagner (1-3) rallied, however, as Jonathon Williams converted a layup with 7:09 left in the first half to give the Seahawks their first lead of the game, 18-17.
But Albany used a 12-3 run over the final 4:30 to enter intermission with a 36-27 advantage.
Williams led Wagner with 26 points on 10 of 11 shooting and has been the Seahawks' leading scorer in each of their last four games.
After a season that saw his shooting numbers slip, should Nigel Hayes return for his senior year at Wisconsin or take the gamble to put him name in this year's NBA draft?
Isaiah Taylor talks about his decision to declare for the NBA draft and what he will miss most about Texas.
Chattanooga women's basketball coach Jim Foster has received a one-year contract extension, the same day the school gave the men's coach a two-year extension.