1. New York
  2. Albany
  3. 237 Western Avenue
$2,589,000

237 Western Avenue, Albany, NY 12203

  • Property Icon Land
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon1.62acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

237 Western Ave, is 1.6+ acres of land located in the heart of Albany's Pine Hills neighborhood, located 0.2 miles from SUNY Albany's Downtown Campus. There have been 3 projects imagined by the current owner w/unit counts of 86, 99 and finally 145 units, with a mix of ground level commercial units, and residential units above. All projected builds include surface parking. The owner is willing to hold the note or JV w/a seasoned developer. Demo of 13 structures and Phase 1 Environmental are completed. The land is shovel ready with all architectural drawings, engineering reports, construction drawings & building permits in place before listing for sale. Details of most recently envisioned project; Full financial pro-forma showing yearly income of $2,401,963 and a Stabilized Value of $37.4m.

Listing Status:
Active
Date Added:
May 23, 2025 at 05:00AM
Listing Office:
Madison Park Real Estate : 1 518-281-5336
Listing Agent:
Shane Mahar : 518-281-5336
MLS ID:
202518053
  • Originating MLS: Global MLS
  • School District: Albany
  • County: Albany

This listing courtesy of Shane Mahar, Madison Park Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

P

Philip J. Schuyler Achievement Academy

676 Clinton Ave, Albany, NY, 12206

Grades PK-5

0.57 miles away

W

William S. Hackett Middle School

45 Delaware Ave, Albany, NY, 12202

Grades 6-8

0.96 miles away

A

Albany High School

700 Washington Ave, Albany, NY, 12203

Grades 9-12

0.36 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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#202516455 - KW Platform