237 Western Avenue
237 Western Avenue
$3,199,000
70,567 / 1.62
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.
- Listed by Shane Mahar • Madison Park Real Estate
Property Details for 237 Western Avenue
Zoning
Mixed
WaterfrontNo
Location
LISTING UPDATED: 12/13/2023 11:41 AM
Property Details for 237 Western Avenue
Status | Active |
---|---|
MLS # | 202328615 |
Days on Market | 165 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land / Mixed Use |
Year Built | - |
Lot Size | 1.62 AC |
County | Albany County |
Location
Building Information for 237 Western Avenue
Lot Size1.62 AC
Payment Calculator
$17,458 per month
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Property Information for 237 Western Avenue
Property History for 237 Western Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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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