238-248 Sheridan Ave

Albany, NY 12210 View Map $1,250,000 Ask a Question
Beds16
Baths9
Sq.Ft.14,875
Year1905

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Status: Sold
Property Type:Multi Family
MLS #:202226955
Sq. Feet:14,875
Date Sold:4/26/2023
Lot Size:27,443 Sq. Ft.
County:Albany
ATTN Investors & Developers, opportunity to develop in the 'OPPORTUNITY ZONE'. A few blocks from Pearl St and all of the re-development going on in downtown. 240 Sheridan is the anchor to a multi property portfolio that consists of 9 apts, 3 art studios/flex space + 5 vacant lots and a community garden lot. Check assoc docs for a complete list of all props included. TOTAL Package price is 1.4mill. This offering is best suitable for a developer looking to take advantage of the vacant lots and potential to build from the ground up. Most Units have been completely restored - modern loft style living. Courtyard, off street parking, central air (in some units) and updated kitchens & baths. (PROOF OF FUNDS REQUIRED PRIOR TO SHOWING) Very Good Condition

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
4/26/2023$1,399,990$1,250,000-10.7%

Community Information

Address:238-248 Sheridan Ave, Albany, NY 12210
County:Albany
City:Albany
Zip Code:12210

School Information

School System:Albany
High School:Albany

Architecture

Bedrooms: 16
Bathrooms: 9
Year Built:1905
Style:Apartment 4 Plus Unit
Construction Materials: Brick
Roof: Rubber
Foundation: Slab
Basement: Slab
Parking Features: Off Street, Stone, Paved
Parking Total: 60

Features / Amenities

Interior Features: High Speed Internet
Security Features: Smoke Detector(s), Carbon Monoxide Detector(s)
Cooling: Central Air
Heating: Forced Air, Natural Gas

Square Footage

Finished Sq. Ft.
Above Grade 14875
Below Grade 0
Total 0

Property Features

Lot Size: 0.63 Acres / 27,443 Sq. Ft.
Lot Dimensions:26136 sqft
Sewer: Public Sewer
Water: Public
Directions:Central to Lark to Sheridan

Tax and Financial Info

Tax Annual Amount: $23,565
Tenant Pays: Hot Water, Heat, Internet, Cable TV, Electricity
Water / Sewer Expense: $2,587
Electric Expense: $1,950
Insurance Expense: $5,177
Possession: At Closing
Documents Available: LNF

Schools

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Listing provided courtesy of Michael Field, Field Realty.
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