$2,375,000
Albany, NY 12207
MLS# 202212833
Status: Closed
24000 sqft
1 / 41
Property Description
Investment Opportunity and 100% rented! This does not come around often! Have a chance at owning 15 luxury residential units, 1st floor restaurant space, office space, rooftop patio with Downtown views, exclusive parking, and the amenities continue. Private second floor patio as well included for 2 apartments, then 2 elevators, and coined laundry for additional income! Newly renovated 5 years ago with luxury units having stainless steel appliances, granite countertops, hardwood floors, and tile showers.
Details
Maps
Contract Information
Original List Price: 2875000
List Price/SqFt: 119.79
Sold Price/SqFt: 98.96
List Price/Acres: 11979166.67
Sold Price/Acres: 9895833.33
Status: Closed
Property Sub Type: Mixed Use
Sold Price: $2,375,000
Listing Contract Date: 2022-03-02
Current Price: $2,375,000
Location
City/Town (Mail): Albany
Street Number: 40-48
Street Direction Prefix: S
Street Name: PEARL
Street Suffix: Street
County: Albany
State/Province: NY
Postal Code: 12207
Geo Lat: 42.648421
Geo Lon: -73.753397
Property Detail
Parking Y/N: Yes
Lot Size Square Feet: 10454.4
Lot Size Dimensions: .24 acres
Lot Size Acres: 0.24
Building Area Total: 24000
Building Available SQFT: 24000
Waterfront Y/N: No
Enhanced Accessible Y/N: Yes
Year Built: 1915
Parcel, Tax, HOA
New Construction Y/N: No
Parcel Number: 010100 76.42-4-25
Tax Annual Amount: 30599
Tax Section: 76.42
Total Taxes Description: Actual
Tax Block: 4
Tax Lot: 25
School District: Albany
High School: Albany
Association Y/N: No
Directions & Remarks
Directions: Directly across from MVP Arena!
Public Remarks: Investment Opportunity and 100% rented! This does not come around often! Have a chance at owning 15 luxury residential units, 1st floor restaurant space, office space, rooftop patio with Downtown views, exclusive parking, and the amenities continue. Private second floor patio as well included for 2 apartments, then 2 elevators, and coined laundry for additional income! Newly renovated 5 years ago with luxury units having stainless steel appliances, granite countertops, hardwood floors, and tile showers.
Sewer
Public Sewer: 1
Accessibility Features
Accessible Doors: 1
Accessible Sidewalks: 1
Architectural Style
Apartments: 1
Multiple Dwelling Unit: 1
Restaurant: 1
Financial Details
General Taxes: 14457
General Taxes Description: Actual
School Taxes: 15142
School Taxes Description: Actual
Cooling
Central Air: 1
Basement
Full: 1
Construction Materials
Brick: 1
Non Member
Non Member Name: Chris Kelly
Possession
At Closing: 1
Showing Requirements
24 Hour Notice: 1
Showing Service: 1
Special Listing Conditions
Ownership: No Special Conditions
Standard: 1
Roof
Rubber: 1
Water Source
Public: 1
Heating
Heat Pump: 1
Parking Features
Parking Total: 10
Private: 1
Possible Use
Apartment Plus: 1
Mixed: 1
Restaurant: 1
Sale Includes
Building & Land: 1
Tenant Pays
Cable TV: 1
Electricity: 1
Internet: 1
Status Change Info
Status Change Date: 2022-07-29
Under Contract Date: 2022-03-02
Sold Date: 2022-07-20
Sold Price: $2,375,000
Property Features
Accessibility Features: Accessible Doors; Accessible Sidewalks
Architectural Style: Apartments; Multiple Dwelling Unit; Restaurant
Basement: Full
Construction Materials: Brick
Cooling: Central Air
Heating: Heat Pump
Parking Features: Private
Possession: At Closing
Possible Use: Apartment Plus; Mixed; Restaurant
Roof: Rubber
Sale Includes: Building & Land
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Showing Service
Special Listing Conditions: Standard
Tenant Pays: Cable TV; Electricity; Internet
Water Source: Public
Listing Courtesy of Hunt Real Estate ERA
Listing Agent: Christopher Maddalone
518-831-0300 |
518-831-0300 |
