Property profile

279 Washington St Athens, NY 12015

OFF-MARKET
Office buildings
Property ID
US63-4297712
1,200 SF 89.45 ac lot Built 1985
Entity Owned 8-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

Exceptional 89.42-acre commercial land parcel presents a remarkable development opportunity in Athens, New York. This pristine property boasts a prime location, steps from the Hudson River's west bank, and offers convenient access to major transportation arteries. Currently zoned for single-family and two-family residential development, the land has preliminary concept approval for an 18-lot residential subdivision in its first phase. Public water and sewer services are available, simplifying infrastructure development. The site's strategic location between New York City and Albany provides easy access to a large and diverse population base. Within minutes of the Hudson Amtrak station and NY State Thruway (I-87), this location offers unparalleled convenience. Nearby amenities include the Athens boat launch, historic downtown Athens, the City of Hudson, and a wealth of restaurants, bars, breweries, and wineries. Adjacent to a resort-style lakefront community, this property offers a unique blend of natural beauty and urban accessibility. The asking price is $989,000, translating to $11,000 per acre. Don't miss this chance to acquire a truly exceptional development site.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1985
Total area 1,200 SF
Lot 89.45 ac (3,896,442 SF)
Zoning code 03 - MULTI-FAMILY
APN 192201 122.07-2-36
UPID US63-4297712

Cap rate & NOI

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

Location

279 Washington St Athens, NY 12015
Athens metro Census 80900
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

since 2018
Last sale
$400,000
2 recorded transactions
2018
$325,000
2015
$372,736

Zoning & alternative use

03 - MULTI-FAMILY · Athens, 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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