96 Partition St Rensselaer, NY 12144
For Sale
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This exceptional 29.26-acre commercial land parcel presents a remarkable development opportunity in Rensselaer, NY. Located at 96 Partition Street, this property boasts convenient access to major transportation arteries, including Interstates 787 and 90, ensuring seamless connectivity. Previously approved for a substantial 178-unit apartment complex, this site offers significant potential for high-density residential development. The asking price is $1,400,000, translating to a land value of $1.10 per square foot. Its strategic location offers easy access to shopping and is within walking distance of downtown Rensselaer, providing residents with a vibrant urban lifestyle. Enjoy breathtaking views of the Albany skyline, adding to the property's desirability. The site's zoning and prior approvals streamline the development process, minimizing potential delays and maximizing return on investment. This is a rare chance to acquire a large, well-situated parcel in a thriving New York community, ideal for developers seeking a high-impact project. The property is situated in Rensselaer County, New York, with a zip code of 12144. Detailed site plans and prior approvals are available upon request. This prime location offers unparalleled potential for a lucrative development venture.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.