237 Western Avenue

Albany, NY 12203

$3,199,000
Price
70,567 / 1.62
Lot Size / Acres

Description

Listed for sale is The Lofts at Pine Hills, a fully approved development project located in the heart of Albany, NY. We are willing to offer creative financing and/or the owner is willing to hold a portion of the note. The project consists of 83 residential apartments, and two commercial spaces (5,563ft2)and has been fully approved by the City. The current owner has completed the leg work, and is now looking to exit with the hard work done. The project is construction ready, is fully approved and...Listed for sale is The Lofts at Pine Hills, a fully approved development project located in the heart of Albany, NY. We are willing to offer creative financing and/or the owner is willing to hold a portion of the note. The project consists of 83 residential apartments, and two commercial spaces (5,563ft2)and has been fully approved by the City. The current owner has completed the leg work, and is now looking to exit with the hard work done. The project is construction ready, is fully approved and permitted, and we are open to different strategies to get to closing. Full financial pro-forma showing yearly income of $2,163,019 and professional appraisal showing a Stabilized Future Prospective Value of $29,500,00. The approved development project comprises 105,610 gross ft2.
  1. Listed by Shane Mahar • Madison Park Real Estate

Property Details for 237 Western Avenue

Zoning
Mixed
Waterfront
No

Location

Listing Courtesy of Madison Park Real Estate
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LISTING UPDATED: 12/13/2023 11:41 AM

Property Details for 237 Western Avenue

StatusActive
MLS #202328615
Days on Market165
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Mixed Use
Year Built-
Lot Size1.62 AC
CountyAlbany County

Location

Listing Courtesy of Madison Park Real Estate
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Building Information for 237 Western Avenue

Lot Size1.62 AC

Payment Calculator

$17,458 per month

30 year fixed, 7.25% Interest

Principal and Interest

$17,458

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 237 Western Avenue

Summary
Location and General Information
  • Postal City: Albany
  • Directions: Project will have 2 entrances at 237 Western and 185 Quail
  • City: Albany
  • State Or Province: NY
  • Postal Code: 12203
  • County Or Parish: Albany
  • Latitude: 42.66
  • Longitude: -73.78
Taxes and HOA
  • Association Fee: $.00
  • Association: No
  • Tax Lot: 42.000
  • Tax Block: 5
  • Parcel Number: 010100 65.61-5-42
  • Tax Tract: 65.61
  • Tax Annual Amount: $.00
School Information
  • School District: Albany
  • High School: Albany
Property
Property and Assessments
  • Documents Available: LNF, Appraisal, Offering Plan
  • Property Type: C
  • Property Type Label: Land
Lot Information
  • Lot Size Acres: 1.62
  • Lot Size Area: 1.62
  • Lot Size Units: Acres
  • Lot Size Square Feet: 70567.2
Utilities
  • Water Source: Public
Room Information
Bathrooms
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: .00
  • Bathrooms Total Notational: .00

Property History for 237 Western Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 237 Western Avenue

Taxable ValueLand$21,300Additions$153,700Total$175,000
Home Facts
Total Finished SqFt5,760 SqFtAbove Grade Finished SqFt3,840 SqFtFinished Basement SqFt1,920 SqFtStories2Lot Size70,567 SqFtStyleMiscellaneous CommercialYear Built1970ZoningR2BCountyALBANYAPN010100 65.61-5-42

Schools near 237 Western Avenue

This home is within Albany City School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Pine Hills Elementary School
PublicPK to 5

Stephen And Harriet Myers Middle School
Public6 to 8

Albany High School
Public9 to 12

Edmund J O'neal Middle Of Excellence
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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237 Western Avenue is a 1.62 ac of land for sale in Albany, NY 12203. This property was listed for sale on November 20, 2023 by Madison Park Real Estate, it's currently listed at $3,199,000. It has been on the market for a total of 165 days and was last sold on April 17, 2017. This listing's school district is Albany City School District. Nearby schools include Pine Hills Elementary School, Stephen And Harriet Myers Middle School and Albany High School. 237 Western Avenue is a 0-bed, 0-bath, 1.62 ac of land on a 70,567 sq. ft. / 1.62 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Madison Park Real Estate

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