Description
237 western ave, is 1.6+ acres of land located in the heart of albany's pine hills neighborhood, located 0.2 miles from suny albany's downtown campus. there have been 3 projects imagined by the current owner w/unit counts of 86, 99 and finally 145 units, with a mix of ground level commercial units, and residential units above. all projected builds include surface parking. the owner is willing to hold the note or jv w/a seasoned developer. demo of 13 structures and phase 1 environmental are completed. the land is shovel ready with all architectural drawings, engineering reports, construction drawings & building permits in place before listing for sale. details of most recently envisioned project; full financial pro-forma showing yearly income of $2,401,963 and a stabilized value of $37.4m.
Property Type
LandCounty
AlbanyStyle
LandAD ID
49920059
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BuyOwner last updated this listing 07/26/2025 @ 04:55
- MLS: 202518053
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: GlobalMLS
is a Land, with bedrooms which is for sale, it has 0 sqft, 2 sized lot, and 0 parking. are nearby neighborhoods.