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104-112 Erie Blvd - 166 Unit Approved Development Opportunity 4.08 Acres of Commercial Land Offered at $2,490,000 in Schenectady, NY 12305

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INVESTMENT HIGHLIGHTS

Priced to move at only $15K per unit!

EXECUTIVE SUMMARY

166 Unit, 4.08 acre Approved Development Opportunity in Schenectady! Consists of two tax lots along Erie Blvd & Edison Avenue. Approvals in place for 166 Units, spanning 4 buildings and large parking lot. Plans consist of 1-4 bedroom units and include high end amenities such as swimming pool, dog park, fitness center, cafe, and co-working space. Qualifies for NYS Opportunity Zone Program and eligible for Historic Preservation Tax Credits. Close proximity to Rivers Casino and other Mohawk Harbor developments. Seconds from State Street with numerous dining and entertainment options. Properties include 104-112 Erie Boulevard & 121 Edison Avenue.

104-112 Erie Blvd_ Schenectady, New York

PROPERTY FACTS

Price	$2,490,000	Property Type	Land
Sale Type	Investment or Owner User	Property Subtype	Commercial
Sale Conditions	Bulk/Portfolio Sale Redevelopment Project	Total Lot Size	4.08 AC
No. Lots	1	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	C-4 - C-4 downtown

Price	$2,490,000
Sale Type	Investment or Owner User
Sale Conditions	Bulk/Portfolio Sale Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Total Lot Size	4.08 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	C-4 - C-4 downtown

1 LOT AVAILABLE

Lot

Price	$2,490,000	Lot Size	4.08 AC
Price Per AC	$610,294.12

Price	$2,490,000
Price Per AC	$610,294.12
Lot Size	4.08 AC

1 1

Walk Score®

Very Walkable (78)

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PROPERTY TAXES

Parcel Numbers	Multiple 039-079-0001-005-001-0000 039-079-0001-002-001-0000	Improvements Assessment	$2,303,800
Land Assessment	$371,200	Total Assessment	$2,675,000