USANYAlbanyPine Hills237 Western Ave
237 Western Ave, Home with 0 bedrooms, 0 bathrooms and null parking in Albany NY | Image 1
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$2,589,000

237 Western Ave, Albany, NY

Real Estate

For Sale

$--,---,---
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  • Key Facts
  • Description
  • Map

Key Facts

Type Mixed Use
Levels Land
Size -
Garage No
Taxes $16,204
Days Active 71
Lot Size 
Approx. Age 
MLS® Number 202518053

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

237 Western Ave, is 1.6+ acres of land located in the heart of Albany's Pine Hills neighborhood, located 0.2 miles from SUNY Albany's Downtown Campus. There have been 3 projects imagined by the current owner w/unit counts of 86, 99 and finally 145 units, with a mix of ground level commercial units, and residential units above. All projected builds include surface parking. The owner is willing to hold the note or JV w/a seasoned developer. Demo of 13 structures and Phase 1 Environmental are completed. The land is shovel ready with all architectural drawings, engineering reports, construction drawings & building permits in place before listing for sale. Details of most recently envisioned project; Full financial pro-forma showing yearly income of $2, 401, 963 and a Stabilized Value of $37.4m.Show Description
MLS® Number202518053
Laundry Level
Central VacNo
FireplaceNo
Acreage1.62
Exterior
GarageNo
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

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