1 Notre Dame Dr Albany, NY 12208
- Dormitories
Current Use by Public Records
- Notre Dame Dormitories / University
Property Details for 1 Notre Dame Dr
- Year built
- 1968
- Property type
- Dormitories
- Property subtype
- Student housing
Description
This exceptional investment opportunity presents an 8-story, 28-suite student dormitory building with 154 bedrooms, ideally situated near Albany Medical Center and Albany College of Pharmacy and Health Sciences. Built in 1968, the property boasts a strategic location within Albany, NY, at 1 Notre Dame Dr, zip code 12208. The building's MU-CI zoning designation offers significant flexibility for diverse redevelopment options, extending beyond its current use as student housing. The property includes on-site parking, and the existing structure presents potential for further expansion. With 28 suites and 154 beds, this asset represents a substantial holding in a high-demand area. The asking price is $4,950,000. This is a rare chance to acquire a well-positioned multifamily property with considerable upside potential in a thriving urban environment. The property's proximity to major medical and educational institutions ensures a consistent stream of potential tenants. Serious investors and developers are encouraged to explore this unique opportunity.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.7777783
- Latitude
- 42.6486117
