Closed

$2,550,000

19-20 Avenue B, Albany, NY 12208

32beds

7,992sqft

Multi Family, Apartment

Built in 1970

-- sqft lot

$1,937,600 Zestimate^®

$319/sqft

$1,848 Estimated rent

Home value

$1,937,600

$1.67M - $2.21M

$1,848/mo

Zestimate^® history

Owner options

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$1,848/mo

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$1,848/mo

Rent Zestimate^®

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$17,493/mo

Est. payment

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$17,493/mo

Est. payment

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What's special

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.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 32
Bathrooms: 20
Full bathrooms: 20

Heating

Electric, Natural Gas

Features

Flooring: Vinyl, Tile, Carpet
Basement: Apartment

Interior area

Total structure area: 7,992
Total interior livable area: 7,992 sqft
Finished area above ground: 7,992
Finished area below ground: 0

Property

Parking

Total spaces: 20
Parking features: Off Street, Paved

Features

Exterior features: None
Fencing: Vinyl,Partial

Lot

Size: 0.7 Acres
Features: Secluded

Details

Additional structures: Garage(s)
Parcel number: 010100 75.28247 & 010100 75.28245
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family, Apartment
Attached to another structure: Yes

Materials

Vinyl Siding
Roof: Asphalt

Condition

Year built: 1970

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

HOA

Has HOA: No

Location

Region: Albany

Financial & listing details

Price per square foot: $319/sqft
Annual tax amount: $29,696
Date on market: 8/1/2024
Tenant pays: Hot Water, Electricity, Gas

Price history

Date	Event	Price
9/25/2024	Sold	$2,550,000-5.6%$319/sqft
Source: Global MLS #202422537 Report a problem
9/6/2024	Pending sale	$2,700,000$338/sqft
Source: Global MLS #202422537 Report a problem
8/1/2024	Listed for sale	$2,700,000$338/sqft
Source: Global MLS #202422537 Report a problem