4 Central Ave | Albany, NY 12210
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- LoopNet Team
4 Central Ave
Albany, NY 12210
The Lofts at Washington Park · Multifamily Property For Sale
·
36 Units
INVESTMENT HIGHLIGHTS
- Below market debt and long-term tax deal delivering superior Cash on Cash returns
- Value-add opportunities
- Strategically located in the heart of Albany
- Recent renovations limiting capEx
- Major employers and strong economic drivers
- Commuter friendly location with on site parking
PROPERTY FACTS
| No. Units | 36 | Lot Size | 0.26 AC |
| Property Type | Multifamily | Building Size | 51,420 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 2020 |
| Building Class | B | ||
| Zoning | C1 | ||
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.26 AC |
| Building Size | 51,420 SF |
| No. Stories | 4 |
| Year Built | 2020 |
| Zoning | C1 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 36 | - | 700 |
PROPERTY TAXES
| Parcel Number | 010100-065-080-0002-024-000-0000 | Improvements Assessment | $3,219,600 |
| Land Assessment | $172,000 | Total Assessment | $3,391,600 |
PROPERTY TAXES
Parcel Number
010100-065-080-0002-024-000-0000
Land Assessment
$172,000
Improvements Assessment
$3,219,600
Total Assessment
$3,391,600
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