282-332 Hamilton St @ S Swan St - Commercial LAND FOR SALE
Albany, NY 12210- Center Square | 57,900 SF
$4,250,000 USD
518-428-1164
282-332 Hamilton St @ S Swan St
Albany, NY 12210
Center Square
OVERVIEW
Large 1.5-acre development site in Albany's Center Square neighborhood across from Robinson Square and Empire State Plaza. Currently operating as a fully leased 210-car parking lot, but R-M and MU-NE zoning will allow for 4-story multi-family development. Dimensional standards in both zones should allow for approx 196 new multi-family units and sloping site should enable parking under the new structure(s). See attached spreadsheet detailing pro forma development potential. Parking lot parcels include 282-332 Hamilton, 136-144 S. Swan, and land-locked rear of 367 Madison. ***If bought as a package w/ 7 townhouses (293-301 Hamilton, 305-307 Hamilton, and rear parking 256-258 Hudson), the price for the parking lots is reduced to $4,000,000.
FOR SALE DETAILS
PRICE
$4,250,000 USD
PRICE/ACRE
$3,197,299/AC
PRICE/SF
$73 USD /SF
# OF LOTS
-
LAND DETAILS
PROPERTY TYPE
Land
PROPERTY SUBTYPE
Commercial
LAND PROPOSED USE
Apartment Units, Apartment Units - Condo, Apartment Units - Dorms
LAND ACRES
1.33 AC
LAND SF
57,902 SF
OFFSITE IMPROVEMENTS
-
ZONING
R-M and MU-NE
APN/PARCEL ID
010100-076-032-0003-006-000-0000,010100-076-032-0003-007-000-0000,010100-076-032-0003-008-000-0000,010100-076-032-0003-009-000-0000,010100-076-032-0003-010-000-0000,010100-076-032-0003-011-000-0000,010100-076-032-0003-012-000-0000,010100-076-032-0003-013-000-0000,010100-076-032-0003-014-000-0000,010100-076-032-0003-015-000-0000,010100-076-032-0003-016-000-0000,010100-076-032-0003-017-000-0000,010100-076-032-0003-018-000-0000,010100-076-032-0003-019-000-0000,010100-076-032-0003-020-000-0000,010100-076-032-0003-021-000-0000,010100-076-032-0003-022-000-0000,010100-076-032-0003-023-000-0000,010100-076-032-0003-024-000-0000,010100-076-032-0003-025-000-0000,010100-076-032-0003-026-000-0000,010100-076-032-0003-027-000-0000,010100-076-032-0003-028-000-0000,010100-076-032-0003-029-000-0000,010100-076-032-0003-030-000-0000,010100-076-032-0003-031-000-0000
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518-428-1164
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518-428-1164
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