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90 Second Avenue - 33 Parcels-Second Ave, Leonard, Scott & Krank 2.2 Acres of Commercial Land Offered at $1,900,000 in Albany, NY 12202
INVESTMENT HIGHLIGHTS
- The site, located at 90 Second Avenue, benefits from approvals for a mixed-use development of approximately 250 residential units.
EXECUTIVE SUMMARY
PROPERTY FACTS
| Price | $1,900,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 2.20 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Price | $1,900,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 2.20 AC |
| Opportunity Zone |
Yes |
1 LOT AVAILABLE
Lot
| Price | $1,900,000 | Lot Size | 2.20 AC |
| Price Per AC | $864,502.44 |
| Price | $1,900,000 |
| Price Per AC | $864,502.44 |
| Lot Size | 2.20 AC |
Prime opportunity to acquire 33 contiguous parcels totaling 2.198 acres in Downtown Albany. Approved for a transformative mixed-use development featuring approximately 250 residential units and commercial space.
DESCRIPTION
• 33 contiguous parcels totaling ±2.198 acres • Development Approvals: Approved for +/- 250 residential units • Prime Downtown Location: Steps from the State Capitol and employment centers • Strong Housing Demand: Chronic undersupply of rental housing in Albany • Development Flexibility: Suitable for market-rate, workforce, or affordable housing • Attractive Land Basis: Approximately $8,000 per unit based on prior approvals • Walkable, Transit-Oriented Location: Access to bus routes, employment, and amenities
Presented by
90 Second Avenue - 33 Parcels-Second Ave, Leonard, Scott & Krank
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