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$2,550,000
32 Beds 20 Baths 202422537 MLS
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.

19-20 Avenue B

$725,000
8 Baths 202419000 MLS
The building sale includes a newly renovated, vacant commercial space, ready for immediate owner occupancy or leasing opportunities. The commercial floor plan features new concrete floors, sheetrock, paint, drop ceilings, electrical, and lighting. The space can be easily converted to accommodate various needs, including commercial kitchen equipment, retail, or office space. Six updated residential apartments on above three floors, featuring a mix of one and two-bedroom units. Each apartment is fully rented. Conveniently located near restaurants, state buildings, hotels, and key city attractions such as the MVP Arena, the Palace Theater, Albany NanoTech Complex and the new, upcoming National Semiconductor Technology Center. Seller has retired after 50+ years in commercial business.

31-33 N Pearl Street

$1,150,000
16 Beds 16 Baths 202410832 MLS
Originally built in 1902 by Alexander Selkirk as a double house, this now rare 16-unit multi residence is situated among one of downtowns most aesthetically pleasing neighborhoods - Washington Park/Madison Ave. Just steps to Albany Medical Center, State & Legislative buildings, popular eateries, galleries, nightlife & much more. Desirable features include original woodwork throughout and fireplaces (now decorative), built-ins, oversized windows, high ceilings, wood floors, SS appliances, arched doorways, antique hardware & MORE. A plethora of recent updates which include replacement of the boiler & water heater/furnace. Most of the units have undergone cosmetic updating which includes new flooring, lighting & paint. On-site laundry.

644B Madison Avenue

$750,000
202317290 MLS
Large two story office/warehouse buildings totaling ~34,000 sf between Sheridan Avenue and Orange Street. Two floors of warehouse space. These buildings present a great opportunity for an owner/user to supplement their mortgage payment with rental income, or an investor. Buildings include a 30,000 square foot, two story warehouse/office with 2 overhead doors on Sheridan Ave and one loading dock on Orange St. Also included is private garage space, 2 vacant lots for parking/storage, and a 3 story mixed use building that can be converted to multifamily or continued to be used as office space. Separate ½ acre vacant lot across the street could be packaged into the sale. 11% cap rate, ability to reduce vacancies and increase rent. 150-162 Orange St. included in sale.

113-125 Sheridan

$358,000
5 Baths 202313219 MLS
Beautiful, historic property in Albany, a few minutes walking distance from state government buildings, the convention center, and all of the rest of downtown. Lombardo's Restaurant directly across the street has recently been purchased and is mid-renovation. The rich history of this property has seen it used by various clubs and organizations, most recently by a local Masonic chapter. Zoning allows for retail office, restaurant, multi-family, community residential facility, group living, artisanal manufacturing, indoor recreation, personal or professional services, among other uses. The building is not currently being serviced by utilities and needs some serious up fitting after sitting vacant through the pandemic.

120 Madison Avenue

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