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4 New Scotland Ave
Albany, NY 12208
2 & 4 New Scotland Ave, & 103 Dana Ave · Multifamily Property For Sale · 3 Units

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INVESTMENT HIGHLIGHTS

  • Ample frontage on New Scotland Ave & Dana Ave.
  • Less than a block from signalized intersection with Madison Ave and Washington Park.

EXECUTIVE SUMMARY

Rare opportunity to purchase a three family with two adjoining lots on one of the busiest corridors in Albany. Positioned next to one billion dollar Albany Medical Center expansion and Tri City’s new 268 luxury apartments. Abuts 60 new luxury apartments on Dana Avenue.
Near Chipotle, Panera Bread, Bank of America, Baldini’s Restaurant, H&R Block, Stewarts, Starbucks, Walgreens, CVS, SEFCU Bank, KeyBank, Hilton Hotel, and Recovery Room Restaurant within walking distance

PROPERTY FACTS

Price Per Unit $99,667
Sale Type Investment
Sale Condition Redevelopment Project
No. Units 3
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.10 AC
Building Size 2,520 SF
No. Stories 2
Year Built 1930
Parking Ratio 1.19/1,000 SF
Opportunity Zone Yes
Zoning Commercial - Commercial; Mixed-Use

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
3+2 3 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 010100-076-023-0001-059-000-0000
  • 010100-076-023-0001-060-000-0000
  • 010100-076-023-0001-056-000-0000
Land Assessment
$108,000
Improvements Assessment
$120,300
Total Assessment
$228,300
  • Listing ID: 26195367

  • Date on Market: 7/18/2022

  • Last Updated:

  • Address: 4 New Scotland Ave, Albany, NY 12208

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