Approved Development Opportunity in
For Sale
Contact for pricing
90 Second Ave, Albany, NY 12202
2.198 acres approved for 250 residential units.
Property SizeContact for details
Lot Size2.20 Acres
Days on Market175
Property Features for 90 Second Ave
General Information
Standard status
Active
Lot size
2.20 Acres
Property subtype
Land
Listing Agency:
Carrow Real Estate Services
(518) 788-7206
Listed By:
Amber Hensley · License #NY
Source:
Crexi
Added: Feb 26
Changed: Aug 8
Last Checked: Aug 19 at 7:56AM
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 Carrow Real Estate Services
Investment Insights
Based on property information with market context.
This is a fully approved development opportunity consisting of 33 contiguous parcels totaling approximately 2.198 acres. The site is approved for +/- 250 residential units, with the potential for commercial space on the ground floor. The location benefits from strong housing demand due to a chronic undersupply of rental housing in Albany. The development offers flexibility, suitable for market-rate, workforce, or affordable housing. The attractive land basis is approximately $7,600 per unit based on prior approvals. The location is walkable and transit-oriented, with access to bus routes, employment, and amenities.
Key Highlights
- Fully approved for 250 residential units, offering immediate development potential.
- Located in an area with strong housing demand and a chronic undersupply of rental housing.
- Walkable, transit‑oriented location with access to bus routes, employment, and amenities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
744
Businesses Nearby
Explore this area
Business Placement
Demographics for 12202, NY
10,257
Population
5,434
Households
1.9
Avg Household Size
34
Median Age
33%
College-Educated
80%
High-School Grad
2.0 sq mi
ZIP Area
5,129
Density / Sq Mi
$49,684
Median Household Income
$34,656
Median Earnings
$1,012
Median Rent
$139,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 2.198 acres approved for 250 residential units.
Where is this commercial land located?
The property is located at 90 Second Ave Albany, NY.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Fully approved for 250 residential units, offering immediate development potential.; Located in an area with strong housing demand and a chronic undersupply of rental housing.; Walkable, transit‑oriented location with access to bus routes, employment, and amenities.
