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    OFF-MARKET
    Investment properties

    467 Delaware Ave, Albany, NY 12209-1529

    4,166 SF 0.13 ac lot Built 1955
    Entity Owned 18-yr Hold Free & Clear
    Property ID
    US63-5620909
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a unique parcel of land totaling 0.13 acres, situated at 467 Delaware Avenue, Unit 467, in the vibrant city of Albany, New York. The property is classified as "Other," offering a versatile canvas for a variety of potential uses. Its location in Albany provides access to a thriving urban environment with a rich history and a diverse population. The asking price is $5,750, representing a compelling entry point into the Albany real estate market. Given the size and location, this property is ideal for investors seeking a strategic foothold in a growing area. The absence of square footage information underscores the unique nature of this offering, emphasizing the land itself as the primary asset. Further due diligence is encouraged to explore the full potential of this 0.13-acre site. Its potential uses are numerous and depend on local zoning regulations and the buyer's vision. This is a chance to acquire a piece of Albany's dynamic landscape at an attractive price point. Serious inquiries are welcome to explore this exciting opportunity. The property's address is clearly defined, allowing for easy location verification and further investigation into its potential. The relatively small size of the lot makes it suitable for a range of projects, from small-scale developments to strategic land banking. The price reflects the current market conditions and the unique characteristics of this offering.

    Property profile
    Verified
    Property type Investment properties
    Use group STORE/OFFICE (MIXED USE)
    Year built 1955
    Total area 4,166 SF
    Lot 0.13 ac (5,625 SF)
    Zoning code C1
    APN 010100 75.68-2-6
    UPID US63-5620909
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Rentcity Holdings LLC · 18 yrs held
    Rentcity Holdings LLC
    since 2008
    3 recorded transactions
    2008
    $183,500
    1969
    1969
    Zoning & alternative use
    C1 · Albany, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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