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237 Western Avenue

Albany, NY 12203
  • $3,199,000
  • STATUS: Active
  • MLS #: 202328615
$3,199,000
  • 0
    BEDS
  • 1.62
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Vacant Land / Lots
County:
Area:

School Information

High School:
School District:

Description

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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© 2024 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 last updated 2024-05-20T00:14:47.893.
www.mccarthysells.com/homes/145401056
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237 Western Avenue Albany, NY 12203

  • Price: $3,199,000
  • Status: Active
  • On Site: Days
  • MLS #: 202328615
0
Beds
0
Baths
0
½ Baths
1.62
Acres
County:
Albany
Area:
Albany
High School:
Albany
School District:
Albany
Property Description
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.
Exterior Features

Waterfront YN No

Property Features

Association YN No Property Sub Type Mixed Use Sewer Public Sewer Special Listing Conditions Standard Water Source Public Zoning Mixed

Listing information © 2024 Global MLS.
Listing provided courtesy of Shane Mahar of Madison Park Real Estate: .



© 2024 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 last updated 2024-05-20T00:14:47.893.
 
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The Shannon McCarthy Team | eXp Realty
125 High Rock Ave, Suite 200
Saratoga Springs NY, 12866