Property profile

467 Delaware Ave Albany, NY 12209

OFF-MARKET
Investment properties
Property ID
US63-5620909
4,166 SF 0.13 ac lot Built 1955
Entity Owned 18-yr Hold Free & Clear
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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

Location

467 Delaware Ave Albany, NY 12209-1529
Albany metro Census 2000 ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$190k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$190k

Owner & transaction history

since 2008
3 recorded transactions
2008
$183,500
1969
Price N/A
1969
Price N/A

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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