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4 New Scotland Ave
Albany, NY 12208

2 & 4 New Scotland Ave, & 103 Dana Ave · Multifamily Property For Sale · 3 Units

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Investment Highlights

Ample frontage on New Scotland Ave & Dana Ave.

Less than a block from signalized intersection with Madison Ave and Washington Park.

Executive Summary

Rare development opportunity to purchase a three-family and 2 adjoining lots on one of the busiest corridors in Albany. 2 New Scotland Ave, 4 New Scotland Ave and 103 Dana Ave. Positioned next to the 1 billion dollar Albany Medical Center expansion and Tri City’s new 268 luxury apartments. Abuts 60 new luxury apartments on Dana Ave. Adjoining property for sale as well. This could be the last available parcel to build on with the possibility of wrapping the entire corner of New Scotland Ave and Dana Ave.

PROPERTY FACTS

Price Per Unit	$234,630 CAD	Building Class	C
Sale Type	Investment	Lot Size	0.10 AC
Sale Conditions	Redevelopment Project	Building Size	2,520 SF
No. Units	3	No. Stories	2
Property Type	Multifamily	Year Built	1930
Property Subtype	Apartment	Parking Ratio	1.19/1,000 SF
Apartment Style	Low Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price Per Unit	$234,630 CAD
Sale Type	Investment
Sale Conditions	Redevelopment Project
No. Units	3
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.10 AC
Building Size	2,520 SF
No. Stories	2
Year Built	1930
Parking Ratio	1.19/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
3+2	3	-	-

PROPERTY TAXES

Parcel Numbers	Multiple 010100-076-023-0001-059-000-0000 010100-076-023-0001-060-000-0000 010100-076-023-0001-056-000-0000	Improvements Assessment	$159,833 CAD
Land Assessment	$80,059 CAD	Total Assessment	$239,891 CAD

PROPERTY TAXES

Parcel Numbers

Multiple

010100-076-023-0001-059-000-0000
010100-076-023-0001-060-000-0000
010100-076-023-0001-056-000-0000

Land Assessment

$80,059 CAD

Improvements Assessment

$159,833 CAD

Total Assessment

$239,891 CAD

zoning

Zoning Code	Commercial (Commercial; Mixed-Use)
Commercial (Commercial; Mixed-Use)

Listing ID: 26195367
Date on Market: 2022-07-18
Last Updated:
Address: 4 New Scotland Ave, Albany, NY 12208

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