Property profile

256 Delaware Ave Albany, NY 12209

OFF-MARKET
Investment properties
Property ID
US63-0208951
1,512 SF 0.12 ac lot Built 1900
Entity Owned 21-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional mixed-use property, situated at 256 Delaware Avenue, Unit 256 in Albany, New York, presents a compelling investment opportunity. The property encompasses a sizable 0.12-acre lot, offering significant potential for development or expansion. While the precise square footage is currently unavailable, the property's mixed-use zoning allows for a variety of commercial and residential applications, catering to diverse business and living needs. Its strategic location in Albany ensures high visibility and accessibility, placing it within easy reach of key transportation routes and a vibrant urban environment. The asking price of $299,188 represents a competitive entry point into the Albany real estate market, making this an attractive proposition for both seasoned investors and newcomers seeking a profitable venture. The property's versatility and prime location make it an ideal asset for generating rental income, establishing a new business, or a combination of both. Further due diligence is encouraged to fully explore the development potential and unlock the full value of this promising investment. Detailed information regarding zoning regulations and permitted uses is readily available upon request. This is a rare opportunity to acquire a well-positioned mixed-use property in a thriving New York city.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1900
Total area 1,512 SF
Lot 0.12 ac (5,130 SF)
Zoning code C1
APN 010100 76.54-4-12
UPID US63-0208951

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

256 Delaware Ave Albany, NY 12209-1754
Albany metro Census 2600 ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$205k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$185k

Owner & transaction history

since 2005
1 recorded transaction
2005
$49,000

Zoning & alternative use

C1 · Albany, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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