552-558 Madison Avenue 2 Properties Offered at $2,080,335 CAD in Albany, NY

INVESTMENT HIGHLIGHTS

  • Corner lot, nearby Albany Medical Center, Albany Law, Albany College of Pharmacy, Sage College of Albany, Washington Park & Lark Street/Center Square

EXECUTIVE SUMMARY

Introducing a rare and exceptional portfolio offering two prime properties located on the coveted corner of Madison and New Scotland Avenue in Albany, just blocks from Albany Medical Center and across from Washington Park. This unique opportunity is ideal for discerning buyers.
The portfolio includes a mixed-use building with a spacious commercial space on the first floor and three 1BD units above. While the building requires renovation, the potential to enhance the community and create a vibrant, modern space is unmatched.
Additionally, the portfolio features a two-story residential building with five units: three 1BD/1BA units and two 2BD/1BA units. One unit is currently occupied, while the other four are ready for cosmetic renovations. The property boasts historic details, including custom doors, a beautiful brick facade, hardwood floors, and original moldings.
This is a rare chance to acquire and develop two of the most sought-after buildings in Albany. Floor plans are available in the documents.

PROPERTY FACTS

Price $2,080,335 CAD
Price / SF $293.34 CAD / SF
Sale Conditions
Bulk/Portfolio Sale
  • Deferred Maintenance
  • High Vacancy Property
Cap Rate 6%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 2
Total Building Size 7,092 SF
Total Land Area 0.13 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
552 Madison Ave, Albany, NY 12208 Multifamily 3,684 SF 1875 $970,823 CAD
558 Madison Ave, Albany, NY 12208 Retail 3,408 SF 1901 -
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  • Listing ID: 32986242

  • Date on Market: 2024-08-28

  • Last Updated:

  • Address: 552-558 Madison Avenue, Albany, NY