$2,589,000

237 Western Avenue , Albany, NY 12203

 
Bedrooms:0 beds
Bathrooms:0 baths
Land:0 sqft
Lot:1.62
Year Built:--
Listing Status:Active

Listing Agent

Shane Mahar
http://madisonparkalbany.com
Loan Amount:
Interest:
Term (Years):
Annual Tax:
Monthly Principal + Interest:$
Monthly tax: $
Total Payment:$

These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.

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.

Detailed Items

Other Information

237 Western Avenue, Albany, NY, 12203 is a land listing of 0 sqft on a lot of 1.62. This land listing has 0 bedrooms, and 0 baths. The map for this location can be viewed on Google maps at Google maps to property237 Western Avenue, Albany, NY
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