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  • $2,589,000

    237 Western Avenue, Albany, NY 12203

    --beds
    0baths
    1.62Acres
    Mixed Use, Unimproved Land
    Built in ----
    1.62 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Building permits in place
    237 Western Ave, is 1.6+ acres of land located in the heart of Albany's Pine Hills neighborhood, located 0.2 miles from SUNY Albany's Downtown Campus. There have been 3 projects imagined by the current owner w/unit counts of 86, 99 and finally 145 units, with a mix of ground level commercial units, and residential units above. All projected builds include surface parking. The owner is willing to hold the note or JV w/a seasoned developer. Demo of 13 structures and Phase 1 Environmental are completed. The land is shovel ready with all architectural drawings, engineering reports, construction drawings & building permits in place before listing for sale. Details of most recently envisioned project; Full financial pro-forma showing yearly income of $2,401,963 and a Stabilized Value of $37.4m.
    87 days
    on Zillow
    |
    285
    |
    8
    |

    Zillow last checked: 7 hours ago

    Listing updated: June 23, 2025 at 07:30am

    Listing by:

    Madison Park Real Estate 518-281-5336,

    Shane Mahar 518-281-5336

    Source: Global MLS,MLS#: 202518053MLS Logo
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0

    Property

    Lot
    • Size: 1.62 Acres
    Details
    • Parcel number: 010100 65.61542
    • Zoning description: Mixed
    • Special conditions: Standard

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Pine Hills
    HOA
    • Has HOA: No
    Location
    • Region: Albany

    Financial & listing details

    • Annual tax amount: $16,203
    • Date on market: 5/23/2025
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