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4 New Scotland Ave
Albany, NY 12208

2 & 4 New Scotland Ave, & 103 Dana Ave · Multifamily Property For Sale · 3 Units

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INVESTMENT HIGHLIGHTS

Ample frontage on New Scotland Ave & Dana Ave.

Less than a block from signalized intersection with Madison Ave and Washington Park.

EXECUTIVE SUMMARY

Rare opportunity to purchase a three family with two adjoining lots on one of the busiest corridors in Albany. Positioned next to one billion dollar Albany Medical Center expansion and Tri City’s new 268 luxury apartments. Abuts 60 new luxury apartments on Dana Avenue.
Near Chipotle, Panera Bread, Bank of America, Baldini’s Restaurant, H&R Block, Stewarts, Starbucks, Walgreens, CVS, SEFCU Bank, KeyBank, Hilton Hotel, and Recovery Room Restaurant within walking distance

PROPERTY FACTS

Price Per Unit	$99,667	Building Class	C
Sale Type	Investment	Lot Size	0.10 AC
Sale Condition	Redevelopment Project	Building Size	2,520 SF
No. Units	3	No. Stories	2
Property Type	Multifamily	Year Built	1930
Property Subtype	Apartment	Parking Ratio	1.19/1,000 SF
Apartment Style	Low Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price Per Unit	$99,667
Sale Type	Investment
Sale Condition	Redevelopment Project
No. Units	3
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.10 AC
Building Size	2,520 SF
No. Stories	2
Year Built	1930
Parking Ratio	1.19/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

UNIT MIX INFORMATION

DESCRIPTION	NO. UNITS	AVG. RENT/MO	SF
3+2	3	-	-

PROPERTY TAXES

Parcel Numbers	Multiple 010100-076-023-0001-059-000-0000 010100-076-023-0001-060-000-0000 010100-076-023-0001-056-000-0000	Improvements Assessment	$112,400
Land Assessment	$56,300	Total Assessment	$168,700

PROPERTY TAXES

Parcel Numbers

Multiple

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

Land Assessment

$56,300

Improvements Assessment

$112,400

Total Assessment

$168,700

ZONING

Zoning Code	Commercial (Commercial; Mixed-Use)
Commercial (Commercial; Mixed-Use)

Listing ID: 26195367
Date on Market: 7/18/2022
Last Updated:
Address: 4 New Scotland Ave, Albany, NY 12208

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