1 Notre Dame Dr, Albany, NY 12208

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.