$24,000
Albany, NY 12206
MLS# 202524666
Status: Closed
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Property Description
Unlock the potential of this oversized city lot featuring three existing garages along with additional space for parking or future build opportunities. With low annual taxes and minimal carrying costs, this property makes a smart investment for those seeking storage income, parking revenue, or a site with development possibilities in a prime Albany location. Bonus Opportunity: Also available is a separate vacant lot on First Street, an affordable parcel with exceptionally low taxes that can be purchased individually or as part of a bundle package with North Lake Avenue, creating even greater investment potential. An accessible entry into Albany real estate with income possibilities from day one.
Details
Maps
Contract Information
Status: Closed
Property Sub Type: Unimproved Land
Original List Price: 35000
Sold Price: $24,000
Current Price: $24,000
Listing Contract Date: 2025-08-27
List Price/Acres: 166666.67
Sold Price/Acres: 114285.71
Location
Street Number: 161
Street Direction Prefix: N
Street Name: Lake
Street Suffix: Avenue
County: Albany
State/Province: NY
Postal Code: 12206
City/Town (Mail): Albany
Geo Lat: 42.665963
Geo Lon: -73.769062
Property Detail
Lot Size Acres: 0.21
Waterfront Y/N: No
Photos - the contractual owner of the photos
Photo Owner: Broker
Status Change Info
Status Change Date: 2025-11-12
Under Contract Date: 2025-09-23
Sold Date: 2025-11-06
Sold Price: $24,000
Property Features
Current Use: Unimproved; Other
Fencing: Chain Link; Fenced; Gate
Lot Features: Cleared; Level
Other Structures: Garage(s)
Sewer: Public Sewer
Showing Requirements: Lockbox; Showing Service; Sign on Property
Special Listing Conditions: Other
Utilities: Sewer Available; Water Available
Water Source: Public
Listing Courtesy of Coldwell Banker Prime Properties
Listing Agent: Kathryn Kole
518-892-2491 | kathrynkolerealtor@gmail.com
518-892-2491 | kathrynkolerealtor@gmail.com
