FOR SALE1.62 ACRES
Local Information
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Description
Listed for sale is The Lofts at Pine Hills, a fully approved development project located in the heart of Albany, NY. We are willing to offer creative financing and/or the owner is willing to hold a portion of the note. The project consists of 83 residential apartments, and two commercial spaces (5,563ft2)and has been fully approved by the City. The current owner has completed the leg work, and is now looking to exit with the hard work done. The project is construction ready, is fully approved and permitted, and we are open to different strategies to get to closing. Full financial pro-forma showing yearly income of $2,163,019 and professional appraisal showing a Stabilized Future Prospective Value of $29,500,00.
The approved development project comprises 105,610 gross ft2.
The approved development project comprises 105,610 gross ft2.
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Contact Manager
HOA
None
Price/Sqft
No Info
Listed
160 days ago
Last check for updates: 1 day ago
Listing by: Madison Park Real Estate, (518) 281-5336
Shane Mahar, (518) 281-5336
Source: Global MLS, MLS#202328615
Home Details for 237 Western Avenue
Active Status |
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MLS Status: Active |
Exterior Features |
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Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Days on Market |
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Days on Market: 160 |
Property Information |
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Property Type / Style Property Type: LandProperty Subtype: Mixed Use, Unimproved Land |
Property Information Parcel Number: 010100 65.61542 |
Price & Status |
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Price List Price: $3,199,000 |
Location |
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Direction & Address City: Albany |
School Information High School: AlbanyHigh School District: Albany |
Agent Information |
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Listing Agent Listing ID: 202328615 |
HOA |
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No HOA |
Lot Information |
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Lot Area: 1.62 Acres |
Listing Info |
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Special Conditions: Standard |
Mobile R/V |
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Mobile Home Park Mobile Home Units: Feet |
Compensation |
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Buyer Agency Commission: 2.00Buyer Agency Commission Type: %Sub Agency Commission: 0.00Sub Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Miscellaneous |
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Mls Number: 202328615 |
Price History for 237 Western Avenue
| Date | Price | Event | Source |
|---|---|---|---|
| 12/13/2023 | $3,199,000 | PriceChange | Global MLS #202328615 |
| 12/08/2023 | $3,250,000 | PriceChange | Global MLS #202328615 |
| 11/20/2023 | $3,799,000 | Listed For Sale | Global MLS #202328615 |
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Comparable Sales for 237 Western Avenue
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.38 | Lot/Land | $11,000 | 08/24/23 | - | - | ||
0.45 | Lot/Land | $8,000 | 02/08/24 | - | - | ||
0.60 | Lot/Land | $13,500 | 02/06/24 | - | - | ||
0.76 | Lot/Land | $19,000 | 06/30/23 | - | - | ||
0.94 | Lot/Land | $22,000 | 10/20/23 | - | - | ||
1.06 | Lot/Land | $9,000 | 04/03/24 | - | - |
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Pine Hills
- Trulia User
- Resident
- 8mo ago
"Better side of town to live in, safe and sound. Park your car on side streets without being worried about a break in from thieves!"
- Trulia User
- Resident
- 2y ago
"No yards or grass glass and garbage everywhere. No yearns it’s only sidewalk and parking lots. Have to walk to the park to take dogs to the bathroom. "
- Trulia User
- Prev. Resident
- 2y ago
"I live in this neighborhood and worked there, so from Experience it's a wonderful place to live. my Grandchildren go to school there so I would recommend friends and family."
- Trulia User
- Resident
- 3y ago
"Great spots to walk your dog! Several parks in the area. Lots of sidewalks and places to go too. People are friendly and accommodating "
- Wendy O.
- Resident
- 3y ago
"Awesome neighborhood! Great neighbors!! Lots of families! People live in this neighborhood for a long period of time!! Dog friendly and very social neighborhood!! Quiet for being in the city!"
- Justina A.
- Resident
- 4y ago
"This neighborhood has several schools to choose from. Super quiet and quaint. There are public parks tucked into different areas of the neighborhood and a public library. Great spot to raise a family. "
- Forevergrateful710
- Resident
- 4y ago
"It’s a great place to live with a lot of culture the park is a beautiful place to Walk around all year long and the Empire State place is beautiful and you can go ice skating for free during winter it’s beautiful "
- Dee C.
- Resident
- 4y ago
"There is a mix of both college students, young adults, and everything beyond. Theres great bars with great food within walking distance. "
- Quaisha T.
- Resident
- 4y ago
"The area has a big park and is a decent area to live with public transportation very close. The area is kept clean as well and perfect for walking or riding a bike. However, children must be accompanied due to traffic. "
- AshleyC
- Resident
- 5y ago
"I've lived in this neighborhood 2 years now while going to school. It's a nice neighborhood and the walkability is great."
- Mmsmith327
- Resident
- 5y ago
"There is a street fair on Madison Ave in the summer and live music at the Elks Club on South Allen Street on Monday evenings in the summer. "
- Mmsmith327
- Resident
- 5y ago
"I’ve lived in this area for five years and love it. The walkability is very nice and the local restaurants are great. "
- Melissa A. R.
- Resident
- 5y ago
"It is a nice, quiet neighborhood. The houses are well taken care of. And has many restaurants, stores even a cinema. It feels safe. And is very dog friendly."
- Naicha D.
- Resident
- 5y ago
"College and students makes it so this area has stores and restaurants are open late, it also has several bars, and also lots of parks, baseball fields, basketball courts abd plenty of places to walk a dog"
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Shane Mahar, Madison Park Real Estate
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Judy Moriarty, Zillow, Inc., Corp. Broker
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Judy Moriarty, Zillow, Inc., Corp. Broker
237 Western Avenue, Albany, NY 12203 is a lot/land. 237 Western Avenue is located in Pine Hills, Albany. This property is currently available for sale and was listed by Global MLS on Nov 20, 2023. The MLS # for this home is MLS# 202328615.