Back to Search

Mixed-Use Property Near Albany Med

261 New Scotland Avenue, Albany, NY 12208

View on Map

Pending

$499,800

COMMERCIAL - Albany, NY

Property size:

3,720 SF

Lot size:

0.07 Acres

HighLights

Mixed‑use property on Albany’s New Scotland Ave with 4 occupied apartments plus an iconic street‑level restaurant space
Apartment unit mix: 1 studio and 3 one‑bedroom units; rents include $475 (studio), $875/$925 (2nd floor 1BR), and $725 (1st floor 1BR)
Utilities: electric heat with each unit separately metered
Water and sewer services are public (public water and public sewer)
Roof materials include asphalt and rubber; exterior materials include aluminum siding and brick
Parking: on‑street parking; patio included; driveway included with property located on Grove Ave

We can help!

Contact an agent

Daniel Grebert

Pending

$499,800

COMMERCIAL - Albany, NY

Property size:

3,720 SF

Lot size:

0.07 Acres

Added:: Apr 6, 2026
Days on Market:: 87
Last Refresh:: Jul 1 at 7:06 am

Property Features for 261 New Scotland Avenue

General Information

Property type: Commercial Sale
Property subtype: Other
Zoning: Mixed
Bathrooms: 5
Rooms: Bathroom 3, Bathroom 2, Bathroom 1, Bathroom 4, Bathroom 5
Parking: 3
Parking features: On Street
Patio and Porch features: Patio
Standard status: Pending
APN: 010100 75.28-3-38
Size: 3,720 SF
Lot size: 0.07 Acres

Taxes and HOA fees

Tax Annual Amount: 12913

Utilities

Sewer type: Public Sewer
Heating system: Electric (Heating), Baseboard
Cooling system: Window Unit(s)
Water source: Public

Building Details

Year built: 1950
Floors in Building: 2
Flooring type: Laminate, Hardwood
Building materials: Aluminum Siding, Brick
Roof type: Asphalt, Rubber

We can help!

Contact an agent

Daniel Grebert

Listing agent Daniel Grebert License #10401371037

Listing office Gucciardo Real Estate LLC 1074 Troy-Schenectady Road, Albany, NY

Listing date Apr 6, 2026

MLS# 202614498

HighLights

Mixed‑use property on Albany’s New Scotland Ave with 4 occupied apartments plus an iconic street‑level restaurant space
Apartment unit mix: 1 studio and 3 one‑bedroom units; rents include $475 (studio), $875/$925 (2nd floor 1BR), and $725 (1st floor 1BR)
Utilities: electric heat with each unit separately metered
Water and sewer services are public (public water and public sewer)
Roof materials include asphalt and rubber; exterior materials include aluminum siding and brick
Parking: on‑street parking; patio included; driveway included with property located on Grove Ave

Overview

This mixed-use property is located on New Scotland Avenue in Albany. The property includes four occupied apartments, consisting of one studio and three one-bedroom units. Additionally, the property features a street-level restaurant space. The property is within walking distance of St. Peter's Hospital, Albany Med, Sage Colleges, and Albany Law School. A driveway is included on Grove Avenue. The studio apartment rents for $475, the second-floor one-bedroom apartments rent for $875 and $925, and the first-floor one-bedroom apartment rents for $725. All units are separately metered for electric heat. The first-floor apartment will be vacant upon closing. The lot size is 0.07 acres and the property size is 3,720 square feet.

Property Profile Location Intelligence

Current Use by Public Records

Tipsy Moose Albany Restaurant ATM (New Scotland ... Atm

Suggested Use

Location Insight

Map
Local Demand

City: Albany
County: Albany
State: New York
Longitude: -73.786886
Latitude: 42.653301

Nearby Similar for Sale

$1,700,000

5,400 SF

Iconic Albany Restaurant and Pub

A legacy business in Albany's vibrant entertainment district.

4 Clinton Square, Albany, NY 12207

View Details
$149,999

6,384 SF

Established Delicatessen Business For Sale

Turn-key delicatessen business with equipment and high traffic exposure.

718 Central Avenue, Albany, NY 12206

View Details
$1,500,000

16,420 SF

Automotive Service Business for Sale

Established heavy-duty truck suspension business offered with FF&E and inventory, alongside potential real estate options.

368 Central Avenue, Albany, NY 12206

View Details
$2,450,000

16,420 SF

Automotive Service and Workshop

For-sale package combining real estate with an established heavy-duty truck suspension service business.

368 Central Avenue, Albany, NY 12206

View Details
$498,000

4,800 SF

Light-Industrial Warehouse with Office

High-clearance warehouse with mezzanine and three overhead doors plus dedicated, fully conditioned office and administrative space.

1 Apollo Drive, Albany, NY 12205

View Details
$180,000

5,220 SF

Mixed-Use Auto Repair Property

Includes a functioning repair shop plus office and multiple garage/storage rental units under commercial zoning.

467 Jay Street, Albany, NY 12203

View Details
$799,000

7,728 SF

Albany Flex Industrial Building

7728 SF flex industrial building for contractors or distribution.

334 Ontario Street, Albany, NY 12208

View Details
$429,900

4,984 SF

Flexible Office Building with Gated Parking

Gated, asphalt-paved parking and an office-ready layout with multiple private rooms, reception, and conference space.

854 Madison Avenue, Albany, NY 12208

View Details
$449,900

3,300 SF

Mixed-Use Property in Center Square

Mixed-use property with commercial space and residential apartments in Albany.

418 Madison Avenue, Albany, NY 12210

View Details
$995,000

13,200 SF

Historic Church and Parish Hall

Historic Albany church and hall, ideal for gatherings and events.

820 Madison Avenue, Albany, NY 12208

View Details
$999,000

43,520 SF

Versatile Commercial Property on Central Avenue

Remarkable 43,520 sq ft commercial property with diverse spaces.

233 Central Avenue, Albany, NY 12206

View Details
$2,600,000

25,530 SF

Mixed-Use Building with Retail Frontage

Completely renovated income property with 14 apartments and a street-front retail space, plus unfinished basement storage and expansion space.

260 Washington Avenue, Albany, NY 12210

View Details

For sale
Mixed-use properties
NY
Albany
12208
261 New Scotland Avenue

What type of property is this?

Mixed-use property - Mixed-use property with apartments and restaurant near Albany's landmarks.

Where is this mixed-use property located?

The property is located at 261 New Scotland Avenue Albany, NY.

What is the asking price?

The asking price for this property is $499,800.

What are key features of this property?

This property features: Mixed‑use property on Albany’s New Scotland Ave with 4 occupied apartments plus an iconic street‑level restaurant space; Apartment unit mix: 1 studio and 3 one‑bedroom units; rents include $475 (studio), $875/$925 (2nd floor 1BR), and $725 (1st floor 1BR); Utilities: electric heat with each unit separately metered

261 New Scotland Avenue, Albany, NY 12208

COMMERCIAL - Albany, NY

Property Features for 261 New Scotland Avenue

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Iconic Albany Restaurant and Pub

Established Delicatessen Business For Sale

Automotive Service Business for Sale

Automotive Service and Workshop

Light-Industrial Warehouse with Office

Mixed-Use Auto Repair Property

Albany Flex Industrial Building

Flexible Office Building with Gated Parking

Mixed-Use Property in Center Square

Historic Church and Parish Hall

Versatile Commercial Property on Central Avenue

Mixed-Use Building with Retail Frontage

FAQs