120 Madison Avenue, Albany, NY 12202 (MLS# 202313219)


$358,000
120 Madison Avenue
Albany, NY 12202
MLS# 202313219
Status: Closed
5 baths  |  14838 sqft


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IMG_20230313_1215282 Exterior Facing East IMG_20230313_1215362 IMG_20230313_1215473 IMG_20230313_1215556 IMG_20230313_1215597 IMG_20230313_1217442 IMG_20230313_1217486 IMG_20230313_1217557 IMG_20230313_1220487 IMG_20230313_1220510 IMG_20230313_1224097 IMG_20230313_1225578

Property Description
Beautiful, historic property in Albany, a few minutes walking distance from state government buildings, the convention center, and all of the rest of downtown. Lombardo's Restaurant directly across the street has recently been purchased and is mid-renovation. The rich history of this property has seen it used by various clubs and organizations, most recently by a local Masonic chapter. Zoning allows for retail office, restaurant, multi-family, community residential facility, group living, artisanal manufacturing, indoor recreation, personal or professional services, among other uses. The building is not currently being serviced by utilities and needs some serious up fitting after sitting vacant through the pandemic.

Details
Maps
Contract Information
Original List Price: 399000
Lease Considered: No
List Price/SqFt: 26.89
Sold Price/SqFt: 24.13
List Price/Acres: 4987500
Sold Price/Acres: 4475000
Status: Closed
Property Sub Type: Retail
Sold Price: $358,000
Listing Contract Date: 2023-03-13
Current Price: $358,000
Location
City/Town (Mail): Albany
Street Number: 120
Street Name: Madison
Street Suffix: Avenue
County: Albany
State/Province: NY
Postal Code: 12202
Geo Lat: 42.645818
Geo Lon: -73.755418
Property Detail
Stories: 3
Number Of Buildings: 1
Parking Y/N: Yes
Lot Size Square Feet: 5800
Zoning: Mixed
Lot Size Dimensions: 34x106
Lot Size Acres: 0.08
Building Area Total: 14838
Building Available SQFT: 14838
Main Road Frontage: 39
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Land Lease Y/N: No
Year Built: 1920
Bathrooms Total: 5
Parcel, Tax, HOA
New Construction Y/N: No
Parcel Number: 010100 76.49-4-3
Tax Annual Amount: 2965
Tax Section: 76.49
Total Taxes Description: Estimated
Tax Block: 4
Tax Lot: 3
School District: Albany
High School: Albany
Association Y/N: No
Directions & Remarks
Directions: See google maps.
Public Remarks: Beautiful, historic property in Albany, a few minutes walking distance from state government buildings, the convention center, and all of the rest of downtown. Lombardo's Restaurant directly across the street has recently been purchased and is mid-renovation. The rich history of this property has seen it used by various clubs and organizations, most recently by a local Masonic chapter. Zoning allows for retail office, restaurant, multi-family, community residential facility, group living, artisanal manufacturing, indoor recreation, personal or professional services, among other uses. The building is not currently being serviced by utilities and needs some serious up fitting after sitting vacant through the pandemic.
Sewer
Public Sewer: 1
Association Amenities
None: 1
Current Use
House of Worship: 1
Architectural Style
Bar/Tavern/Lounge: 1
Mixed Use: 1
Office: 1
Restaurant: 1
Retail: 1
Electric
Other: 1
Cooling
None: 1
Basement
Partial: 1
Building Detail
Fire Sprinkler System Y/N: No
Railroad Siding Y/N: No
Building Ceiling Height: 10
Office Total SQFT: 14838
Office Available SQFT: 14838
Office Ceiling Height: 10
Retail Total SQFT: 14838
Retail Available SQFT: 14838
Retail Ceiling Height: 14838
Warehouse Total SQFT: 0
Warehouse Available SQFT: 0
Construction Materials
Brick: 1
Possession
At Closing: 1
Exterior Features
None: 1
Showing Requirements
Agent to Accompany: 1
Call Listing Agent: 1
Key: 1
Special Listing Conditions
NonProfit: 1
Roof
Flat: 1
Water Source
Public: 1
Heating
None: 1
Parking Features
Parking Total: 8
Possible Use
Business: 1
Hotel/Motel: 1
Manufacturing: 1
Mixed: 1
Office: 1
Office Plus: 1
Office/Retail: 1
Restaurant: 1
Retail: 1
Tavern: 1
Tavern Plus: 1
Other: 1
Convenience Store: 1
Fitness/Gym: 1
House of Worship: 1
Investment: 1
Medical/Dental: 1
Multi-Family: 1
School Building: 1
Self-Storage Facility: 1
Subdividable: 1
Sale Includes
Building & Land: 1
Status Change Info
Status Change Date: 2025-12-25
Under Contract Date: 2023-11-28
Sold Date: 2025-12-16
Sold Price: $358,000
Property Features
Architectural Style: Bar/Tavern/Lounge; Mixed Use; Office; Restaurant; Retail
Association Amenities: None
Basement: Partial
Construction Materials: Brick
Cooling: None
Current Use: House of Worship
Electric: Other
Exterior Features: None
Heating: None
Possession: At Closing
Possible Use: Business; Hotel/Motel; Manufacturing; Mixed; Office; Office Plus; Office/Retail; Restaurant; Retail; Tavern; Tavern Plus; Other; Convenience Store; Fitness/Gym; House of Worship; Investment; Medical/Dental; Multi-Family; School Building; Self-Storage Facility; Subdividable
Roof: Flat
Sale Includes: Building & Land
Sewer: Public Sewer
Showing Requirements: Agent to Accompany; Call Listing Agent; Key
Special Listing Conditions: NonProfit
Water Source: Public

IDX
Listing Courtesy of NAI Platform LLC
Listing Agent: Anton Pasquill
518-779-0107 | Anton@naiplatform.com
Source MLS Verified

Information deemed reliable but not guaranteed.