260 Washington - Apartments FOR SALE


Albany, NY 12210- Center Square
$2,600,000 USD
518-935-4800
260 Washington, Albany, NY for Sale
$2,600,000 USD
Apartments - FOR SALE
1/32
null | Request Cap Rate

260 Washington
Albany, NY 12210
Center Square


OVERVIEW

Rare find! Completely renovated 11 years ago, this incredible building is fully rented and features 14 luxury apartments all with their own unique architectural details, and one large retail space with frontage on Washington Avenue, plus a large unfinished basement with even more investment potential. All apartments have hardwood floors, granite, dishwashers, private laundry, their own gas furnace and central air, hot water heater and electric panel. Large storage rooms for tenants both up and down. Shared lounge or gym space. Accessible lift to second floor. Secure entrances and lobby with intercom & updated security system. Potential rentable basement space up to fire code. Extremely attractive assumable Freddie Mac mortgage available until Dec. 31, 2029. Inquire for more details. Contact listing broker for Proforma. There is a tax abatement (pilot) for this building that will expire over the next 2 years. Assumable Freddie Mae mortgage of 4.39 is available for 1.6 million until Dec. 31, 2029.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$102 USD /SF

# OF UNITS

14

PRICE/UNIT

$185,714

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

C1

APN/PARCEL ID

010100-065-080-0002-029-000-0000

ASK ABOUT THIS PROPERTY

Judith GablerGabler RealtyMore Info
518-935-4800

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Judith GablerGabler RealtyMore Info
518-935-4800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.