261 New Scotland Avenue, NY 12208

$499,800
5
BA
3,720
SqFt

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Sold Price
$499,800
List Price
$499,800
Closing Date
Jul 15, 2026
MLS#
202614498

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.

Additional Information

Taxes
$12,913
Zoning
Mixed
Sewer
Public Sewer
Water
Public

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Calculator source: Real Geeks

Listing courtesy of listing agent Daniel Grebert with Gucciardo Real Estate LLC Brokerage, 518-441-8225.

Selling Office: Miranda Real Estate Group Inc.

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