91 Remsen StCohoes, NY 12047

This 7,040 square foot, three-story building located at 91 Remsen Street in Cohoes, New York, presents a unique development opportunity. Currently vacant, this Class C property, built in 1906, offers a blend of multifamily, office, hospitality, and special purpose zoning (MU - CC). The building features a grand ballroom on the third floor with 16-foot ceilings, abundant natural light, and ornate details, including an intact vault. A sizable basement includes five additional rooms and two bathrooms. The 0.06-acre lot provides ample space for potential expansion or outdoor amenities. The property's historic character may qualify for the Federal Historical Tax Credit, offsetting renovation costs. Cohoes is experiencing revitalization, with a $10 million state grant fueling public and private development projects. This distressed sale presents a chance to transform this historic space into a boutique banquet hall, wedding venue, retail space, entertainment venue, or loft apartments. The property could potentially be purchased as a package with 57 Remsen Street. The building is situated in downtown Cohoes, conveniently located within a 10-minute commute of a population of 195,000.