570 Western AveAlbany, NY 12203

For Sale
$2,379,000

Prime Albany location, 25 units, strong rental history.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a 25-unit multifamily property ideally situated on Western Avenue in Albany, New York. The building enjoys a prime location near the intersection of Madison Avenue and Manning Boulevard, offering convenient access to public transportation, numerous shops, restaurants, and shopping centers. The property boasts a strong rental history, demonstrating consistent occupancy and income generation. The unit mix comprises a combination of one-bedroom and studio apartments, catering to a diverse range of tenants. A significant advantage for investors is that the landlord is responsible for covering all utility costs. This property is situated in Albany County, New York, with a zip code of 12203, and is conveniently located on a bus line. The asking price for this multifamily investment is $2,379,000. The property is classified as both multifamily and commercial, and while the listing indicates zero units, the marketing description clarifies that it contains 25 units. This discrepancy should be clarified during due diligence. This is a rare opportunity to acquire a well-established, income-producing multifamily asset in a highly desirable Albany location.

Highlights

  • 25-unit multifamily property in Albany, NY, located on Western Avenue near Madison Avenue and Manning Boulevard.
  • Strong rental history with consistent occupancy and income.
  • Mix of one- and studio apartments.
  • Landlord pays all utilities.
  • Asking price: $2,379,000.
  • Located in Albany County, NY, zip code 12203, and on a bus line.

Location Insight

City
Albany
County
Albany
State
New York
Latitude
42.6670887
Longitude
-73.7946931
570 Western Ave, Albany, New York

FAQs

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570 Western Ave
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