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261 New Scotland Avenue Albany, NY $ 499,800
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261 New Scotland Avenue
$ 499,800
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261 New Scotland Avenue

Albany, NY, 12208
$ 499,800
Bedrooms-- Baths5.0 Sq 3,720

Monthly Estimate*

$ 3,077

261 New Scotland Avenue, Albany, NY 12208 - Image 1
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261 New Scotland Avenue, Albany, NY 12208 - Image 11
261 New Scotland Avenue, Albany, NY 12208 - Image 12
261 New Scotland Avenue, Albany, NY 12208 - Image 13

Commercial Property for sale in Albany, NY

for $499,800 with 5 full baths. This 3,720 square foot building was built in 1950 on a lot size of 0.07.

Excellent mixed use opportunity on Albany's historic New Scotland Ave! This property features 4 occupied apts (1 studio/3-1 bed) and showcases an iconic, street-level restaurant space inhabited by a local favorite with a proven track record. Walking distance to community pillars such as St. Peter's Hospital, Albany Med, Sage Colleges, Albany Law School, and many more. Driveway included with property located on Grove Ave. Studio-$475, 2nd flr 1 beds-$875 and $925, 1st flr 1 bed-$725. All below market value with room for improvement! All units are metered separately (electric heat). **Showings will be conducted periodically throughout week in groups, contact LA1 for more info. Restaurant tenant has right of first refusal.** First flr apt will be vacant upon closing. New Pro Forma included in docs.

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Commercial Active

Price

$ 499,800

Full Bath

5

Property Type

Commercial

Taxes

$ 12,913

Style

Mixed Use

Lot Size

0.07

Year Built

1950

Town/City

Albany

County/Region

Albany

MLS | Web ID

202614498
Features
General
Sewer Public Sewer
Heating Baseboard Electric
Cooling Window Unit(s)
Possession Subject To Tenant Rights At Closing
Roof Rubber Asphalt
Zoning Mixed
Patio/Porch Features Patio
Construction Materials Aluminum Siding Brick
Year Built 1950
Electric 200+ Amp Service
Tenant Pays Trash Collection Electricity
Stories Count 2
Property Subtype Mixed Use
Current Use Apartment Plus Restaurant
Business Type Mixed
County Albany
New Construction N
Property Type Commercial Sale
HOA N
Attached Garage N
Possible Use Office Restaurant Multi-Family
Status Active
Directions Corner of New Scotland Ave. and Grove Ave.
High School Albany
City Albany
High School District Albany
Lot Size Units Acres
Lot Size Square Feet 3200.0
Carport Y/N N
Elementary School New Scotland Elementary
Land Lease Y/N N
Tax Annual Amount 12913.45
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
Standard Status Active
Tax Assessed Value 0
Tax Lot 38.000
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Exterior
Exterior Amenities Other
Parking Features On Street
Water Source Public
Total Parking 3.0
Inclusions Building & Land
Lot Size Area 0.07
Number of Buildings 1
Spa N
Building Area Total 3720.0
Lot Dimensions 32x100
Lot Size Acres 0.07
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Flooring Hardwood Laminate
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 5
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Internal Only
Street Number 1 261
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* Excluded Features
List By
Daniel Grebert

Listing Agent

Gucciardo Real Estate Llc

Broker

(518) 441-8225

Phone

dgrebert@gmail.com

Email

Affordability Calculator

$4,153
Per Month
74%
26%
0%
Monthly Principal & Interest
$3,077
Monthly Property Taxes
$1,076
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
3041326 Elementary School
853351 Middle School
Albany High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/6/2026$499,800 Listed Price

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261 New Scotland Avenue, Albany, NY, 12208 is a Commercial Property for sale at $499,800 with 3,720 sqft and a lot size of 0.07. 261 New Scotland Avenue has 5.0 baths and was built in 1950. The property's zip code is 12208 which is in Albany, NY

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