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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
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    285
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