Financial
Distress signals
Property profile

337 Central Ave Albany, NY 12206

FOR SALE
Other investment properties
Property ID
US63-1311163
3,696 SF 0.04 ac lot Built 1861
Individually Owned Owner of record is an individual. 24-yr Hold Held for 24 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a mixed-use portfolio comprising a 16-room SRO component, a three-bedroom apartment, a leased bar space, five commercial retail units, and an adjacent vacant lot. The improvements date to 1900 and feature central air conditioning, hardwood and tile interior finishes, and on-street parking. The site spans frontage along Central Avenue, Quail Street, and Sherman Street in Albany’s Central Avenue Business District, supporting a combination of residential and street-level commercial uses.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?
Assessed value · 2023$123k
Assessed land$20k
Assessed improvement$104k

Value estimate

· Oct 2026
$195k
$176k – $215k
AI approach$195k
NOI build-up
Gross scheduled income$69k
Vacancy & credit loss−$5k
Operating expenses−$19k
NOI · 2.71% cap applied$45k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$54/SF
ZIP average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$31 – $77
Qualifying comparables8

Cap rate analysis

How does the asset earn?
2.71%
$45k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C3
JurisdictionALBANY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency13.3
Acupuncture10.5
Tailor Shop9.8

Location

337 Central Ave Albany, NY 12206
County assessor Recorded deeds · not on file 8 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
758 3rd, Albany, NY 12206-2007 $520,000 Aug 2024 3,416 SF
475 Washington, Albany, NY 12206-2532 $235,000 May 2024 3,654 SF
301 Central, Albany, NY 12206-2544 $425,000 May 2024 3,950 SF
265 Central, Albany, NY 12206-2655 $450,000 Feb 2024 3,824 SF
181 Allen, Albany, NY 12206-1707 $170,000 Jan 2024 3,649 SF
622 Central, Albany, NY 12206-1922 $340,000 Sep 2023 3,732 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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