$2,550,000
Albany, NY 12208
MLS# 202422537
Status: Closed
32 beds
1 / 13
Property Description
Neighborhood allure in the heart of the city. Situated at the end of a secluded street, this 20-unit complex encompasses four tenant buildings, a large garage, private parking lot, and lots of green space. Unit mix is (8) 1-bedroom and (12) 2-bedroom, with each unit featuring large bedrooms. Current rents are below market value with many long-term tenants. Additional value add opportunities include parking fees and converting the large garage into tenant storage. Garage is currently rented to a nearby contractor at $200/month. All units are separately metered. Each building offers a laundry room for additional income. Close proximity to New Scotland Ave businesses and restaurants--includes a private path to neighboring commercial spaces! Updates and financials in documents.
Details
Maps
Documents
Contract Information
Status: Closed
Property Sub Type: Multi Family
Original List Price: 2700000
Sold Price: $2,550,000
Current Price: $2,550,000
Listing Contract Date: 2024-08-01
List Price/SqFt: 337.84
Location
Street Number: 19-20
Street Name: Avenue B
County: Albany
State/Province: NY
Postal Code: 12208
City/Town (Mail): Albany
Geo Lat: 42.654367
Geo Lon: -73.787349
Property Detail
Number Of Units Total: 20
Rooms Total: 97
Bedrooms Total: 32
Bathrooms Full: 20
Year Built: 1970
Above Grade Finished Area: 7992
Above Grade Finished Area Source: CRS
Below Grade Finished Area Source: Public Records
Living Area: 7992
Lot Size Acres: 0.7
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Parking Y/N: Yes
Status Change Info
Status Change Date: 2024-10-03
Under Contract Date: 2024-09-06
Sold Date: 2024-09-25
Sold Price: $2,550,000
Sold Price/SqFt: 319.07
Financial Details
General Taxes: 10931
General Taxes Description: Estimated
School Taxes: 18764
School Taxes Description: Estimated
Bath Levels
Full Bath 1: Basement
Full Bath 2: Basement
Full Bath 3: 1st
Full Bath 4: 1st
Full Bath 5: 2nd
Full Bath 6: 2nd
Full Bath 7: Basement
Full Bath 8: Basement
Full Bath 9: 1st
Full Bath 10: 1st
Parking Features
Parking Total: 20
Separate Utilities
Number Of Separate Electric Meters: 25
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 20-A
Occupant Type MF Unit 1: Tenant
Monthly Rent MF Unit 1: 1200
Rent Desc. MF Unit 1: Actual
Lease Term MF Unit 1: 12 Months
Total Rooms MF Unit 1: 5
Total Bedrooms MF Unit 1: 2
Total Full Baths MF Unit 1: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 20-B
Occupant Type MF Unit 2: Tenant
Monthly Rent MF Unit 2: 1045
Rent Desc. MF Unit 2: Actual
Lease Term MF Unit 2: Month To Month
Total Rooms MF Unit 2: 5
Total Bedrooms MF Unit 2: 2
Total Full Baths MF Unit 2: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 20-C
Occupant Type MF Unit 3: Tenant
Monthly Rent MF Unit 3: 975
Rent Desc. MF Unit 3: Actual
Lease Term MF Unit 3: 12 Months
Total Rooms MF Unit 3: 4
Total Bedrooms MF Unit 3: 1
Total Full Baths MF Unit 3: 1
Multi-Family Unit 4 Detail
Unit Location MF Unit 4: 20-4
Occupant Type MF Unit 4: Tenant
Monthly Rent MF Unit 4: 975
Rent Desc. MF Unit 4: Actual
Lease Term MF Unit 4: 12 Months
Total Rooms MF Unit 4: 4
Total Bedrooms MF Unit 4: 1
Total Full Baths MF Unit 4: 1
Multi-Family Unit 5 Detail
Unit Location MF Unit 5: 19-A
Occupant Type MF Unit 5: Tenant
Monthly Rent MF Unit 5: 770
Rent Desc. MF Unit 5: Actual
Lease Term MF Unit 5: 12 Months
Total Rooms MF Unit 5: 4
Total Bedrooms MF Unit 5: 1
Total Full Baths MF Unit 5: 1
Multi-Family Unit 6 Detail
Unit Location MF Unit 6: 19-B
Occupant Type MF Unit 6: Tenant
Monthly Rent MF Unit 6: 900
Rent Desc. MF Unit 6: Actual
Lease Term MF Unit 6: 12 Months
Total Rooms MF Unit 6: 5
Total Bedrooms MF Unit 6: 2
Total Full Baths MF Unit 6: 1
Multi-Family Unit 7 Detail
Unit Location MF Unit 7: 19-C
Occupant Type MF Unit 7: Tenant
Monthly Rent MF Unit 7: 1100
Rent Desc. MF Unit 7: Actual
Lease Term MF Unit 7: 12 Months
Total Rooms MF Unit 7: 5
Total Bedrooms MF Unit 7: 2
Total Full Baths MF Unit 7: 1
Multi-Family Unit 8 Detail
Unit Location MF Unit 8: 19-D
Occupant Type MF Unit 8: Tenant
Monthly Rent MF Unit 8: 1100
Rent Desc. MF Unit 8: Actual
Lease Term MF Unit 8: 12 Months
Total Rooms MF Unit 8: 5
Total Bedrooms MF Unit 8: 2
Total Full Baths MF Unit 8: 1
Property Features
Architectural Style: Apartment 4 Plus Unit
Basement: Apartment
Construction Materials: Vinyl Siding
Exterior Features: None
Fencing: Partial; Vinyl
Flooring: Carpet; Tile; Vinyl
Heating: Electric; Natural Gas
Levels: Three Or More; Two
Lot Features: Secluded
Other Structures: Garage(s)
Parking Features: Off Street; Paved
Possession: At Closing
Roof: Asphalt
Separate Utilities: Electric
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Agent to Accompany; Occupied
Special Listing Conditions: Standard
Tenant Pays: Electricity; Gas; Hot Water
Water Source: Public
Unit 1 Includes: Refrigerator; Stove
Unit 2 Includes: Refrigerator; Stove
Unit 3 Includes: Refrigerator; Stove
Unit 4 Includes: Refrigerator; Stove
Unit 5 Includes: Refrigerator; Stove
Unit 6 Includes: Refrigerator; Stove
Unit 7 Includes: Refrigerator; Stove
Unit 8 Includes: Refrigerator; Stove
Property Disclosures 
Listing Courtesy of Rooted Property Group LLC
Listing Agent: Jamie Brayton
518-248-2037 |
518-248-2037 |
