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$1,399,990
238-248 Sheridan Ave, Albany, NY 12210
16 Beds
9 Baths
14,875 SqFt

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ATTN Investors & Developers, opportunity to develop in the 'OPPORTUNITY ZONE'. A few blocks from Pearl St and all of the re-development going on in downtown. 240 Sheridan is the anchor to a multi property portfolio that consists of 9 apts, 3 art studios/flex space + 5 vacant lots and a community garden lot. Check assoc docs for a complete list of all props included. TOTAL Package price is 1.4mill. This offering is best suitable for a developer looking to take advantage of the vacant lots and potential to build from the ground up. Most Units have been completely restored - modern loft style living. Courtyard, off street parking, central air (in some units) and updated kitchens & baths. (PROOF OF FUNDS REQUIRED PRIOR TO SHOWING) Very Good Condition
  • Price:
  • $1,399,990
  • Bedrooms:
  • 16
  • Full Baths:
  • 9
  • Square Footage:
  • 14,875
  • Acreage:
  • 0.63
  • Year Built:
  • 1905
  • Listing ID #:
  • 202226955
  • Street Address:
  • 238-248 Sheridan Ave
  • City:
  • Albany
  • State:
  • New York
  • Postal Code:
  • 12210
  • County:
  • Albany
  • Listing Status:
  • Pending
  • Listing Type:
  • MultiFamily
  • Approximate Total Liveable Area:
  • 14875
  • Basement Description:
  • Slab
  • Building Security:
  • Smoke Detector(s), Carbon Monoxide Detector(s)
  • Finished Above Ground Square Footage:
  • 14875
  • Foundation:
  • Slab
  • Interior Features:
  • High Speed Internet
  • Number Of Units:
  • 9
  • Style:
  • Apartment 4 Plus Unit
  • Type Of Roof:
  • Rubber
  • Year Built:
  • 1905
  • Annual Electric Expenses:
  • 1950
  • Annual Insurance Expenses:
  • 5177
  • Annual Water/Sewer Expenses:
  • 2587
  • Lot Square Footage:
  • 27442.8
  • Days On Market:
  • 105
  • On Market Date:
  • 2022-09-20
  • Originating Mls:
  • Global Mls
  • Price Per Square Foot:
  • 94.12
  • Property Taxes:
  • 23565
  • Tenant Pays:
  • Hot Water, Heat, Internet, Cable Tv, Electricity
  • Parking Description:
  • Off Street, Other, Stone, Paved
  • Parking Spaces:
  • 60
  • Cooling System:
  • Central Air
  • Existing Water:
  • Public
  • Has Central Air Conditioning:
  • Yes
  • Heating:
  • Natural Gas, Forced Air
  • Sewage Type:
  • Public Sewer
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided by Michael J Field with Field Realty
  • NYCAPIT

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