4 New Scotland Ave - Apartments FOR SALE


Albany, NY 12208
$495,000 USD
518-465-1400
4 New Scotland Ave, Albany, NY for Sale
$495,000 USD
Apartments - FOR SALE
1/3
null | Request Cap Rate

4 New Scotland Ave
Albany, NY 12208


HIGHLIGHTS

  • Ample frontage on New Scotland Ave & Dana Ave.
  • Less than a block from signalized intersection with Madison Ave and Washington Park.

OVERVIEW

Rare development opportunity to purchase a three-family and 2 adjoining lots on one of the busiest corridors in Albany. 2 New Scotland Ave, 4 New Scotland Ave and 103 Dana Ave. Positioned next to the 1 billion dollar Albany Medical Center expansion and Tri City’s new 268 luxury apartments. Abuts 60 new luxury apartments on Dana Ave. Adjoining property for sale as well. This could be the last available parcel to build on with the possibility of wrapping the entire corner of New Scotland Ave and Dana Ave.

FOR SALE DETAILS

PRICE

$495,000 USD

PRICE/SF

$196 USD /SF

# OF UNITS

3

PRICE/UNIT

$165,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2 & 4 New Scotland Ave, & 103 Dana Ave

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,522 SF

ZONING

Commercial

APN/PARCEL ID

010100-076-023-0001-056-000-0000,010100-076-023-0001-059-000-0000,010100-076-023-0001-060-000-0000

ASK ABOUT THIS PROPERTY

Michael McGovernNAI PlatformMore Info
518-465-1400

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Michael McGovernNAI PlatformMore Info
518-465-1400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.