Address
237 Western Avenue, Albany, NY
Price
$ 3,199,000
Property Attributes
- MLS#202328615
- TypeLand
- CountyALBANY
- CityAlbany
- AreaAlbany
- Zip12203
- StyleMixed Use
- Price$ 3,199,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size1.62 Acres
Data Source:
Global MLS (GCAR)
Property Description
Listed for sale is The Lofts at Pine Hills, a fully approved development project located in the heart of Albany, NY. We are willing to offer creative financing and/or the owner is willing to hold a portion of the note. The project consists of 83 residential apartments, and two commercial spaces (5,563ft2)and has been fully approved by the City. The current owner has completed the leg work, and is now looking to exit with the hard work done. The project is construction ready, is fully approved and permitted, and we are open to different strategies to get to closing. Full financial pro-forma showing yearly income of $2,163,019 and professional appraisal showing a Stabilized Future Prospective Value of $29,500,00. The approved development project comprises 105,610 gross ft2.
| High School |
|---|
| Albany High School |
| Price History | |
|---|---|
| 11/20/2023 | Listed $3,799,000 |
| 12/8/2023 | 15% - $3,250,000 |
| 12/13/2023 | 2% - $3,199,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Zoning | Mixed |
| Property SubType | Mixed Use |
| County | Albany |
| Property Type | Land |
| HOA / Comm Assn | No |
| Status | Active |
| Directions | Project will have 2 entrances at 237 Western and 185 Quail |
| ModificationTimestamp | 2023-12-13T16:40:49Z |
| High School | Albany |
| City | Albany |
| Buyer Agent Compensation | 2.00 |
| View Y/N | No |
| High School District | Albany |
| Lot Size Square Feet | 70567.2 |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Street Name | Western |
| Land Lease Y/N | No |
| Tax Annual Amount | 0.0 |
| Home Warranty Y/N | No |
| Lease Renewal Y/N | No |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Days on Market | 158 |
| Standard Status | Active |
| Tax Lot | 42.000 |
| MobileHomeRemainsYN | No |
| Buyer Agent Compensation Type | % |
| PostalCity | Albany |
| Senior Community | None |
| New Construction | None |
Interior Features
| Basement (Y/N) | No |
|---|---|
| Street Suffix | Avenue |
| Electric On Property Y/N | No |
Exterior Features
| Water Source | Public |
|---|---|
| Lot Size Area | 1.62 |
| Lot Size Acres | 1.62 |
| Lot Size Units | Acres |
| Crops Included Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Land Average in 12203
Price
Visits
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