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260 Washington 14 Unit Apartment Building $2,600,000 ($185,714/Unit) Albany, NY 12210
Executive Summary
Rare find! Completely renovated 11 years ago, this incredible building is fully rented and features 14 luxury apartments all with their own unique architectural details, and one large retail space with frontage on Washington Avenue, plus a large unfinished basement with even more investment potential. All apartments have hardwood floors, granite, dishwashers, private laundry, their own gas furnace and central air, hot water heater and electric panel. Large storage rooms for tenants both up and down. Shared lounge or gym space. Accessible lift to second floor. Secure entrances and lobby with intercom & updated security system. Potential rentable basement space up to fire code. Extremely attractive assumable Freddie Mac mortgage available until Dec. 31, 2029. Inquire for more details. Contact listing broker for Proforma. There is a tax abatement (pilot) for this building that will expire over the next 2 years. Assumable Freddie Mae mortgage of 4.39 is available for 1.6 million until Dec. 31, 2029.
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- Ice Maker
- Stainless Steel Appliances
- Range
- Tub/Shower
- Dining Room
- Family Room
- Island Kitchen
- Smoke Free
Site Amenities
- 24 Hour Access
- Controlled Access
- Smoke Free
- Wi-Fi
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 14 | - | - |
Very walkable
80/100
Moderately drivable
60/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 010100-065-080-0002-029-000-0000 | Improvements Assessment | $2,215,000 |
| Land Assessment | $147,000 | Total Assessment | $2,362,000 |
Property Taxes
Parcel Number
010100-065-080-0002-029-000-0000
Land Assessment
$147,000
Improvements Assessment
$2,215,000
Total Assessment
$2,362,000
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260 Washington