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261 New Scotland Avenue

Albany, NY 12208

Pending

$499,800

Listing by:
Daniel Grebert
Gucciardo Real Estate LLC
518-441-8225

Excellent mixed use opportunity on Albany's historic New Scotland Ave! This property features 4 occupied apts (1 studio/3-1 bed) and showcases an iconic, street-level restaurant space inhabited by a local favorite with a proven track record. Walking distance to community pillars such as St. Peter's Hospital, Albany Med, Sage Colleges, Albany Law School, and many more. Driveway included with property located on Grove Ave. Studio-$475, 2nd flr 1 beds-$875 and $925, 1st flr 1 bed-$725. All below market value with room for improvement! All units are metered separately (electric heat). **Showings will be conducted periodically throughout week in groups, contact LA1 for more info. Restaurant tenant has right of first refusal.** First flr apt will be vacant upon closing. New Pro Forma included in docs.

$499,800
0.0
Bedroom
0
Bathroom
3,720
Sq. Ft.
$ 134
$/Sq. Ft.
0.07
Acres
Year Built:
1950
County:
Albany
School District:
Albany
Acres:
0.07
Listing Agent:
Daniel Grebert
Listing Office:
Gucciardo Real Estate LLC
CONTACT A
BUYER'S AGENT

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Features

Square Feet: 3,720
Town: Albany
Bedrooms: 0
Full Bathrooms: 0
Estimated Taxes: $12,913
Water: Public
Sewer: Public Sewer
Heat: Baseboard, Electric
Garage: 0
Exterior: Aluminum Siding, Brick
Exterior Features: Other
Cooling: Window Unit(s)
Parking Spaces: 3
Zoning: Mixed

Location



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