$499,800
Albany, NY 12208
MLS# 202614498
Status: Pending
5 baths | 3720 sqft
1 / 13
Property Description
Excellent mixed use opportunity on Albany's historic New Scotland Ave! This property features 4 occupied apts (1 studio/3-1 bed) and showcases an iconic, street-level restaurant space inhabited by a local favorite with a proven track record. Walking distance to community pillars such as St. Peter's Hospital, Albany Med, Sage Colleges, Albany Law School, and many more. Driveway included with property located on Grove Ave. Studio-$475, 2nd flr 1 beds-$875 and $925, 1st flr 1 bed-$725. All below market value with room for improvement! All units are metered separately (electric heat). **Showings will be conducted periodically throughout week in groups, contact LA1 for more info. Restaurant tenant has right of first refusal.** First flr apt will be vacant upon closing. New Pro Forma included in docs.
Details
Maps
Documents
Contract Information
Original List Price: 499800
List Price/SqFt: 134.35
List Price/Acres: 7140000
Status: Pending
Property Sub Type: Mixed Use
List Price: $499,800
Listing Contract Date: 2026-04-06
Current Price: $499,800
Location
City/Town (Mail): Albany
Street Number: 261
Street Name: New Scotland
Street Suffix: Avenue
County: Albany
State/Province: NY
Postal Code: 12208
Geo Lat: 42.653301
Geo Lon: -73.786886
Property Detail
Stories: 2
Number Of Buildings: 1
Parking Y/N: Yes
Lot Size Square Feet: 3200
Zoning: Mixed
Lot Size Dimensions: 32x100
Lot Size Acres: 0.07
Building Area Total: 3720
Waterfront Y/N: No
Land Lease Y/N: No
Year Built: 1950
Bathrooms Total: 5
Status Change Info
Proposed Closing Date: 2026-06-05
Status Change Date: 2026-04-17
Under Contract Date: 2026-04-14
Parcel, Tax, HOA
New Construction Y/N: No
Parcel Number: 010100 75.28-3-38
Tax Annual Amount: 12913.45
Tax Section: 75.28
Total Taxes Description: Actual
Tax Block: 3
Tax Lot: 38.000
School District: Albany
Elementary School: New Scotland Elementary
High School: Albany
Association Y/N: No
Directions & Remarks
Directions: Corner of New Scotland Ave. and Grove Ave.
Public Remarks: Excellent mixed use opportunity on Albany's historic New Scotland Ave! This property features 4 occupied apts (1 studio/3-1 bed) and showcases an iconic, street-level restaurant space inhabited by a local favorite with a proven track record. Walking distance to community pillars such as St. Peter's Hospital, Albany Med, Sage Colleges, Albany Law School, and many more. Driveway included with property located on Grove Ave. Studio-$475, 2nd flr 1 beds-$875 and $925, 1st flr 1 bed-$725. All below market value with room for improvement! All units are metered separately (electric heat). **Showings will be conducted periodically throughout week in groups, contact LA1 for more info. Restaurant tenant has right of first refusal.** First flr apt will be vacant upon closing. New Pro Forma included in docs.
Sewer
Public Sewer: 1
Current Use
Apartment Plus: 1
Restaurant: 1
Architectural Style
Apartments: 1
Mixed Use: 1
Restaurant: 1
Electric
200+ Amp Service: 1
Cooling
Window Unit(s): 1
Construction Materials
Aluminum Siding: 1
Brick: 1
Photos - the contractual owner of the photos
Photo Owner: Broker
Possession
At Closing: 1
Subject To Tenant Rights: 1
Business Type
Mixed: 1
Exterior Features
Other: 1
Flooring
Hardwood: 1
Laminate: 1
Showing Requirements
24 Hour Notice: 1
Call Listing Agent: 1
No Sign: 1
Occupied: 1
Special Listing Conditions
Standard: 1
Roof
Asphalt: 1
Rubber: 1
Water Source
Public: 1
Heating
Baseboard: 1
Electric: 1
Parking Features
Parking Total: 3
On Street: 1
Patio And Porch Features
Patio: 1
Possible Use
Office: 1
Restaurant: 1
Multi-Family: 1
Sale Includes
Building & Land: 1
Tenant Pays
Electricity: 1
Trash Collection: 1
Property Features
Architectural Style: Apartments; Mixed Use; Restaurant
Construction Materials: Aluminum Siding; Brick
Cooling: Window Unit(s)
Current Use: Apartment Plus; Restaurant
Business Type: Mixed
Electric: 200+ Amp Service
Exterior Features: Other
Flooring: Hardwood; Laminate
Heating: Baseboard
Parking Features: On Street
Patio And Porch Features: Patio
Possession: At Closing; Subject To Tenant Rights
Possible Use: Office; Restaurant; Multi-Family
Roof: Asphalt; Rubber
Sale Includes: Building & Land
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Call Listing Agent; No Sign; Occupied
Special Listing Conditions: Standard
Tenant Pays: Electricity; Trash Collection
Water Source: Public
2026 Pro Forma 
Listing Courtesy of Gucciardo Real Estate LLC
Listing Agent: Daniel Grebert
518-441-8225 | dgrebert@gmail.com
518-441-8225 | dgrebert@gmail.com
