38 S Main Avenue Albany, NY ^$ 2,751,000

38 S Main Avenue

^$ 2,751,000

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Recently Listed

38 S Main Avenue

Albany, NY, 12208

^$ 2,751,000

Bedrooms22 Baths21.0

Monthly Estimate*

^$ 19,217

38 S Main Avenue, Albany, NY 12208 - Image 1

Multi-Family Home for sale in Albany, NY

for $2,751,000 with 22 bedrooms and 21 full baths. This home was built in 1935 on a lot size of 0.17.

Investment Opportunity! The Westerly is a 21 units, 5 story NYC style apartment building for sale in prime time location. Great rental history, and 100% occupied. Elevator in building, beautiful lobby/common area. Close to Capital buildings, SUNY, major highways, and all Albany has to offer. Tenants pay utilities. Landlord pays HW and cable/internet.

Multi-Family Active

Price

^$ 2,751,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 36,000

Style

High Rise

Lot Size

0.17

Year Built

1935

Town/City

Albany

County/Region

Albany

MLS | Web ID

202415398

Features

General

Interior Features Other

Sewer Public Sewer

Heating Electric Forced Air Natural Gas

Possession Rental Agreement Subject To Tenant Rights

Roof Flat Rubber

Garage Spaces 0.0

Architectural Style High Rise

Construction Materials Brick

Year Built 1935

Property SubType 5+ Units

County Albany

New Construction N

Property Type MultiFamily

HOA / Comm Assn N

Status Active

Directions Corner of S Main Ave and Myrtle Ave

High School Albany

City Albany

Buyer Agent Compensation 2.00

View Y/N N

High School District Albany

Total Units 21

Lot Size Square Feet 7405.2

Waterfront Y/N N

Carport Y/N N

Street Name Main

Land Lease Y/N N

Tax Annual Amount 36000.0

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 9

Standard Status Active

Tax Assessed Value 0

Buyer Agent Compensation Type %

Senior Community None

Interior

Basement Full Unfinished

Basement (Y/N) N

Heating Y/N Y

Full Baths 21

Half Baths 0

Street Suffix Avenue

Total Bedrooms 22

Electric On Property Y/N N

Total Baths 21

Exterior

Water Source Public

Lot Size Area 0.17

Spa N

Lot Size Acres 0.17

Lot Size Units Acres

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 38

* Excluded Features

List By

Ryan Mortka

Listing Agent

Coldwell Banker Commercial

Broker

(518) 534-3714

Phone

rmortka@cbcprime.net

Affordability Calculator

$22,217

Per Month

Monthly Principal & Interest: $19,217
Monthly Property Taxes: $3,000
Monthly Home Insurance: --

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Down Payment

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Interest Rate

Yearly Property Taxes

Yearly 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

Trends
Schools

Multi-family listings in Albany, NY

Average List Price ^$426,647

Percent of Sale Price 84%

About Albany, NY

99,338 Population

4% Since 2002

^$44,478 Median Income

33.63 Median Age

18% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

853463 Elementary School

853351 Middle School

Albany High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/18/2024	$2,751,000		Listed Price

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38 S Main Avenue, Albany, NY, 12208 is a Multi-Family Home for sale at $2,751,000 with a lot size of 0.17. 38 S Main Avenue has 22 bedrooms, 21.0 baths, and was built in 1935. The property's zip code is 12208 which is in Albany, NY

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

The data relating to real estate for sale on this web site comes in part from The Internet Data Exchange Program of ©2019 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.

Data is updated as of 5/1/2024.

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38 S Main Avenue

Multi-Family Home for sale in Albany, NY

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