19-20 Avenue B, NY 12208

$2,550,000
32
BD
20
BA
7,992
SqFt

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Sold Price
$2,550,000
List Price
$2,700,000
Closing Date
Sep 25, 2024
MLS#
202422537
Style
Apartment 4 Plus Unit
Bedrooms
32
Bathrooms
20
Subdivision
Select One

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.

Additional Information

Taxes
$29,696
Acres
0.70
Lot Description
Secluded
School District
Albany
Heating
Electric
Exterior Features
None
Construction
Vinyl Siding
Roof
Asphalt
Sewer
Public Sewer
Water
Public

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of listing agent Jamie Brayton with Rooted Property Group LLC Brokerage, .

Selling Office: Nick Demase & Associates.

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