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$ 4,250,000
Est. payment /mo
Active
282-332 Hamilton ST Albany, NY 12210
1.49 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land, Commercial
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202500780
Annual Tax Amount $70,000
Lot Size 1.492 Acres
Property Sub-Type Unimproved Land
Property Description
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.
Location
State NY
County Albany
Exterior
View Y/N Yes
View City, Downtown, City Lights
Building
Sewer Public Sewer
Water Public
Listed by NAI Platform
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