The Westerly 38 S Main Ave 21 Unit Apartment Building $2,337,000 ($111,286/Unit) Albany, NY 12208
EXECUTIVE SUMMARY
2 buildings for sale within 1/2 mile of each other in the Pine Hills Section of Albany, NY. 38 S Main Ave, 21 units monthly gross income $25k. 5 story walk up NYC style building with coin laundry, 100% occupied. 570 Western Ave, 25 units, private off street parking, coin laundry, gross monthly income $22k. Great buildings, near bus lines, retail, grocery, restaurants, colleges and hospitals. Both being offered at $4.197M for 46 units total. Can be sold separately call listing agents for more information.
PROPERTY FACTS
| Price | $2,337,000 |
| Price Per Unit | $111,286 |
| Sale Type | Investment |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 17,932 SF |
| Average Occupancy | 95% |
| No. Stories | 5 |
| Year Built | 1935 |
| Cross Streets | Myrtle Ave |
UNIT AMENITIES
- Air Conditioning
- Balcony
- Disposal
- Microwave
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Intercom
- Patio
SITE AMENITIES
- Controlled Access
- Laundry Facilities
- Laundry Service
- Trash Pickup - Curbside
- Elevator
- Maintenance on site
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 21 | - | 500 - 700 |
1 of 1
Walk Score®
Very Walkable (78)
Bike Score®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 010100-064-067-0003-020-000-0000 | Improvements Assessment | $805,600 |
| Land Assessment | $40,000 | Total Assessment | $845,600 |
ZONING
| Zoning Code | R2A |
