$310,000
Albany, NY 12207
MLS# 202425380
Status: Closed
5 beds
1 / 4
Property Description
This outstanding brick 3-unit property offers terrific cash flow potential in a prime downtown Albany location. One of the apartments spans two floors and is estimated to generate $30,000 in annual rent. The other two units also have high rent potential due to the desirable location, with views of the Times Union Center and within walking distance to local amenities. A rare feature for downtown properties, this building includes off-street parking, adding significant value for future tenants. Additionally, the property package includes 124 Hamilton and 39 Van Zandt Street, expanding investment opportunities. This is a prime opportunity for investors seeking properties with strong rental potential in a sought-after location. Showings will begin on Monday, 9/16.
Details
Maps
Documents
Contract Information
Original List Price: 400000
List Price/SqFt: 81.81
Status: Closed
Property Sub Type: Triplex
Sold Price: $310,000
Current Price: $310,000
Listing Contract Date: 2024-09-10
Location
City/Town (Mail): Albany
Street Number: 124
Street Name: Hamilton
Street Suffix: Street
County: Albany
State/Province: NY
Postal Code: 12207
Geo Lat: 42.647108
Geo Lon: -73.756775
Property Detail
Rooms Total: 11
Bathrooms Half: 0
Garage Spaces: 0
Above Grade Finished Area: 4584
Above Grade Finished Area Source: CRS
Parking Y/N: Yes
Below Grade Finished Area: 1308
Below Grade Finished Area Source: CRS
Living Area: 4584
Lot Size Acres: 0.07
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Bedrooms Total: 5
Bathrooms Full: 3
Year Built: 1846
Status Change Info
Sold Price/SqFt: 67.63
Status Change Date: 2024-11-20
Under Contract Date: 2024-10-04
Sold Date: 2024-11-20
Sold Price: $310,000
Parcel, Tax, HOA
Parcel Number: 010100 76.49-2-9
Tax Annual Amount: 8265
Tax Section: 76.49
Total Taxes Description: Estimated
Tax Block: 2
Tax Lot: 9
School District: Albany
Elementary School: Giffen Memorial
High School: Albany
Association Y/N: No
Directions & Remarks
Directions: Coming from NYC on the Thruway take exit 23
Public Remarks: This outstanding brick 3-unit property offers terrific cash flow potential in a prime downtown Albany location. One of the apartments spans two floors and is estimated to generate $30,000 in annual rent. The other two units also have high rent potential due to the desirable location, with views of the Times Union Center and within walking distance to local amenities. A rare feature for downtown properties, this building includes off-street parking, adding significant value for future tenants.
Additionally, the property package includes 124 Hamilton and 39 Van Zandt Street, expanding investment opportunities. This is a prime opportunity for investors seeking properties with strong rental potential in a sought-after location. Showings will begin on Monday, 9/16.
Sewer
Public Sewer: 1
Architectural Style
Traditional: 1
Electric
100 Amp Service: 1
Fencing
Other: 1
Financial Details
General Taxes: 3586.2
General Taxes Description: Estimated
School Taxes: 4678.93
School Taxes Description: Estimated
Attic Features
Other: 1
Cooling
Wall Unit(s): 1
Basement
Finished: 1
Bath Levels
Full Bath 1: 1st
Full Bath 2: 2nd
Full Bath 3: 3rd
Construction Materials
Brick: 1
Possession
At Closing: 1
Exterior Features
Other: 1
Showing Requirements
Showing Service: 1
Special Listing Conditions
Standard: 1
Utilities
Cable Available: 1
Water Source
Public: 1
Heating
Hot Water: 1
Parking Features
Parking Total: 3
Driveway: 1
Off Street: 1
Paved: 1
Security Features
Carbon Monoxide Detector(s): 1
Smoke Detector(s): 1
Separate Utilities
Electric: 1
Heat: 1
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: Basement
Total Rooms MF Unit 1: 4
Total Bedrooms MF Unit 1: 1
Total Full Baths MF Unit 1: 1
Unit 1 Detail
Total Bedrooms: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: first Fl
Total Rooms MF Unit 2: 7
Total Bedrooms MF Unit 2: 2
Total Full Baths MF Unit 2: 1
Unit 2 Detail
Total Bedrooms: 2
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 2
Total Rooms MF Unit 3: 5
Total Bedrooms MF Unit 3: 2
Total Full Baths MF Unit 3: 1
Unit 3 Detail
Total Bedrooms: 2
Property Features
Architectural Style: Traditional
Attic Features: Other
Basement: Finished
Construction Materials: Brick
Cooling: Wall Unit(s)
Electric: 100 Amp Service
Exterior Features: Other
Fencing: Other
Heating: Hot Water
Parking Features: Driveway; Off Street; Paved
Possession: At Closing
Security Features: Carbon Monoxide Detector(s); Smoke Detector(s)
Separate Utilities: Electric; Heat
Sewer: Public Sewer
Showing Requirements: Showing Service
Special Listing Conditions: Standard
Utilities: Cable Available
Water Source: Public
Property Taxes 
Listing Courtesy of REMAX Solutions
Listing Agent: Scott J Alvarez
518-318-3800 |
518-318-3800 |
