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.
Active
$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
- 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#: 202518053

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
- Loading