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Corner Lot Multifamily Property

157 Main Street, Ravena, NY 12143

For Sale
$75,000
Pending

Multifamily property on a corner lot needing substantial work.

Property Size13,298 SF
Lot Size0.33 Acres
Days on Market1286

Property Features for 157 Main Street

General Information

Standard status Pending
Size 13,298 SF
Lot size 0.33 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $9,279

Amenities

Corner Lot
Asphalt Roof
Baseboard Heating
Carpet Flooring
Concrete Flooring
Road Frontage

Building Details

Year Built 1950
Listing Agency: GALLAGHER AND COMPANY
Listed By: ESTHER M ROSADO
Source: Corcoran
Added: May 9, 2023 Changed: Nov 12 Last Checked: Nov 12 at 7:50AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of GALLAGHER AND COMPANY

Rey
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Investment Insights

Based on property information with market context.

This multifamily property is situated on a corner lot across from a USPS location and public parking. The building contains two apartments located on the top floor. According to a professional mold assessment report, remediation costs are estimated at $100,000. The property is assessed for $376,000 and needs substantial work. The property size is 13298 square feet.

Key Highlights

  • Corner lot location across from USPS and public parking
  • Opportunity for investor or end user
  • Two apartments located on the top floor

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Location Intelligence

Trade Area within ½ mile

263
Businesses Nearby

Demographics for 12143, NY

4,903
Population
2,523
Households
1.9
Avg Household Size
42
Median Age
27%
College-Educated
90%
High-School Grad
19.1 sq mi
ZIP Area
257
Density / Sq Mi
$89,450
Median Household Income
$41,458
Median Earnings
$1,022
Median Rent
$222,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF for Apartment buildings in Albany County, NY

$169 Jul
$186 Aug
$187 Sep
$185 Oct

Properties on Market for Apartment buildings in Albany County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property on a corner lot needing substantial work.
Where is this apartment building located?
The property is located at 157 Main Street Ravena, NY.
What is the asking price?
The asking price for this property is $75,000.
What are key features of this property?
This property features: Corner lot location across from USPS and public parking; Opportunity for investor or end user; Two apartments located on the top floor
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