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2 & 4 New Scotland Ave, & 103 Dana Ave 4 New Scotland Ave 3 Unit Apartment Building $399,000 ($133,000/Unit) Albany, NY 12208
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
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 | $399,000 | Building Class | C |
| Price Per Unit | $133,000 | Lot Size | 0.10 AC |
| Sale Type | Investment | Building Size | 2,520 SF |
| Sale Condition | Redevelopment Project | No. Stories | 2 |
| No. Units | 3 | Year Built | 1930 |
| Property Type | Multifamily | Parking Ratio | 1.19/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | Commercial - Commercial; Mixed-Use | ||
| Price | $399,000 |
| Price Per Unit | $133,000 |
| 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 | - | - |
Exceptionally walkable
90/100
Moderately drivable
60/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $120,300 | |
| Land Assessment | $108,000 | Total Assessment | $228,300 |
Property Taxes
Parcel Numbers
Land Assessment
$108,000
Improvements Assessment
$120,300
Total Assessment
$228,300
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2 & 4 New Scotland Ave, & 103 Dana Ave | 4 New Scotland Ave