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Listed by Philip Sabatino • Hanna Commercial

$ 99,000

Est. payment -/mo

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664 Central Avenue Albany, NY 12206

1 Bed

2 Baths

1,900 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,900 sqft

Price per Sqft $52

MLS Listing ID 202629306

Bedrooms 1

Full Baths 2

HOA Y/N No

Year Built 1900

Annual Tax Amount $5,685

Lot Size 2,178 Sqft

Acres 0.05

Lot Dimensions 19.5 x 101.4

Property Sub-Type Duplex

Source Global MLS

Property Description

664 Central Avenue is a two family building on Albany's primary commercial artery, with more than 24,000 vehicles passing daily and CDTA's busiest transit line at the door. Offered together with the adjacent mixed use building at 662 Central Avenue, the former Caffe Italia Ristorante, it completes a side by side package of four apartments and ground floor commercial space. Both upper floor units need some TLC and the basement requires a complete remodel, giving an experienced investor a clear scope and the ability to set rents at today's market once the work is done. More than 20,900 residents live within one mile. Contiguous parcels on Central Avenue rarely come to market together; this is the opportunity to reposition both at once.

Location

State NY

County Albany

Direction From I-90: Take Exit 5 (Everett Road) toward Albany. Follow Everett Road south to Central Avenue (Route 5). Turn left onto Central Avenue toward downtown Albany and continue approximately 0.8 miles; 6620Central Ave is in the 600 block, just past Rawson Street.

Interior

Heating Natural Gas

Exterior

Exterior Feature None

Parking Features None

Building

Sewer Public Sewer

Water Public

Architectural Style Other

New Construction No

Schools

School District Albany

Others

Tax ID 010100 64.36-1-4

Special Listing Condition Other

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