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237 Western Avenue Albany, NY $ 3,199,000
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$ 3,199,000 Get more info
237 Western Avenue
$ 3,199,000
Back to search
Share Save

237 Western Avenue

Albany, NY, 12203
$ 3,199,000
Baths0.0

Monthly Estimate*

$ 22,346

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Studio

Lots and Land for sale in Albany, NY

for $3,199,000. The lot size is 1.62.

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.

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Lots and Land Active

Price

$ 3,199,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 0

Style

Mixed Use

Lot Size

1.62

Town/City

Albany

County/Region

Albany

MLS | Web ID

202328615
Features
General
Sewer Public Sewer
Zoning Mixed
Property SubType Mixed Use
County Albany
Property Type Land
HOA / Comm Assn N
Status Active
Directions Project will have 2 entrances at 237 Western and 185 Quail
High School Albany
City Albany
Buyer Agent Compensation 2.00
View Y/N N
High School District Albany
Lot Size Square Feet 70567.2
Waterfront Y/N N
Carport Y/N N
Street Name Western
Land Lease Y/N N
Tax Annual Amount 0.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 158
Standard Status Active
Tax Assessed Value 0
Tax Lot 42.000
Buyer Agent Compensation Type %
Senior Community None
New Construction None
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Exterior
Water Source Public
Lot Size Area 1.62
Lot Size Acres 1.62
Lot Size Units Acres
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Street Suffix Avenue
Electric On Property Y/N N
Total Baths 0
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Internal Only
Street Number 1 237
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* Excluded Features
List By
Shane Mahar

Listing Agent

Madison Park Real Estate

Broker

(518) 281-5336

Phone

Shane@madisonalbany.com

Email

Affordability Calculator

$22,346
Per Month
100%
0%
0%
Monthly Principal & Interest
$22,346
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
853463 Elementary School
853351 Middle School
Albany High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
12/13/2023$3,199,000 -1.57% Price Down
12/8/2023$3,250,000 -14.45% Price Down
11/20/2023$3,799,000 Listed Price

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237 Western Avenue, Albany, NY, 12203 is a Lots and Land for sale at $3,199,000 with a lot size of 1.62. 237 Western Avenue is a studio with 0.0 baths. The property's zip code is 12203 which is in Albany, NY

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