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    96 Partition St Rensselaer, NY 12144

    Sponsored
    For Sale
    $1,400,000

    29 Acres, Prime Development Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 29.26-acre commercial land parcel presents a remarkable development opportunity in Rensselaer, NY. Located at 96 Partition Street, this property boasts convenient access to major transportation arteries, including Interstates 787 and 90, ensuring seamless connectivity. Previously approved for a substantial 178-unit apartment complex, this site offers significant potential for high-density residential development. The asking price is $1,400,000, translating to a land value of $1.10 per square foot. Its strategic location offers easy access to shopping and is within walking distance of downtown Rensselaer, providing residents with a vibrant urban lifestyle. Enjoy breathtaking views of the Albany skyline, adding to the property's desirability. The site's zoning and prior approvals streamline the development process, minimizing potential delays and maximizing return on investment. This is a rare chance to acquire a large, well-situated parcel in a thriving New York community, ideal for developers seeking a high-impact project. The property is situated in Rensselaer County, New York, with a zip code of 12144. Detailed site plans and prior approvals are available upon request. This prime location offers unparalleled potential for a lucrative development venture.

    Property Features for 96 Partition St

    General Information

    Property type
    Land
    Lot Size
    1,274,566 SF

    HighLights

    • 29.26‑acre commercial land parcel in Rensselaer, NY, with prior approvals for a 178‑unit apartment complex.
    • Convenient access to I‑787 and I‑90.
    • Offers stunning views of the Albany skyline.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rensselaer
    County
    Rensselaer
    State
    New York
    Longitude
    -73.733
    Latitude
    42.642517

    Nearby Comparable

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    Nearby Similar for Sale

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      Four-Unit Building Near Transportation

      Four-unit building near transportation, shops, and restaurants.
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      Rensselaer Two-Family Home

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    FAQs

    What type of property is this?
    Land - 29 Acres, Prime Development Site
    Where is this land located?
    The property is located at 96 Partition St Rensselaer, NY.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: 29.26-acre commercial land parcel in Rensselaer, NY, with prior approvals for a 178-unit apartment complex.; Convenient access to I-787 and I-90.; Offers stunning views of the Albany skyline.
    (518) 810-4203
    Request Owner's contact information
    96 Partition St Rensselaer, NY 12144
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    Rensselaer, NY 12144
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    96 Partition St Rensselaer, NY 12144
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