This property is Off-Market
Albany, NY 12207 ·
Multifamily For Sale
|Building Size||48,231 SF||Building Class||B|
|Property Use Type||Investment||Lot Size||40,946 SF|
|Commission Split||2%||APN / Parcel ID||65-1-32|
|Listing ID: 18343326||Date Created: 09/05/2013||Last Updated: 10/23/2013|
Highly desirable development site one block off Clinton Ave in Downtown Albany. Approved development site for 70 residential units. Environmental report, Negative Declaration on SEQRA, approved demolition, survey, concept plans-all on file with LBO. Existing 48,000 SF office building is approved for demolition by the City or can also be converted into apartments or other uses.
Downtown Albany where significant residential development has occurred. Continued high demand pushing rents above market norm. Property tax abatements available for this type of development. for more details on these benefits and downtown life.
- 50 car parking lot
- commercial or residential development opportunity
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