2 Albany AveNassau, NY 12123

Property Details for 2 Albany Ave

Year built

1970

Lot size

0.36 AC

Property size (Sq ft)

1,188 SF

Zone code

RR

Property type

Gas stations

APN

383001 211.12-1-10

APU

38300121112110

Description

This exceptional 0.36-acre lot presents a unique opportunity for development in the desirable Nassau, NY village. Located at 2 Albany Avenue, the property offers significant potential for a variety of projects. The generous land size provides ample space for creative design and construction. Its prime location within Nassau offers easy access to local amenities, transportation routes, and community services. The absence of existing structures allows for complete design freedom, enabling the creation of a custom-built property tailored to specific needs and preferences. This is a rare chance to acquire a substantial parcel of land in a sought-after area, perfect for those seeking to build their dream home, construct a multi-family dwelling, or undertake a commercial venture. The property is priced competitively at $349,000, reflecting its significant potential and prime location. Serious inquiries are encouraged to explore this exciting development opportunity further. All interested parties are advised to conduct their own due diligence regarding zoning regulations and building codes. The property is sold as-is.

• CAP approach

  CAP return

  Valuation

  6%

  $340,590

  6.5%

  $314,391

  7%

  $291,934

• Comparable approach

  Method

  Valuation

  Relative Method

  $162,518

  Geo Method

  $161,433

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $616,340

  Mixed-Use / Specialty

  $311,958

  Hospitality / Lodging

  $227,166

  Office

  $308,738

  Institutional / Educational

  $323,842

  Residential Income

  $378,895

  Multifamily

  $461,699

  Automotive / Energy

  $277,579

  Parking / Income-Based Land

  $97,085.20

  Restaurant / Food Service

  $159,452

  Healthcare / Senior Housing

  $321,253

Location Insight

City

Nassau

County

Rensselaer

State

New York

Latitude

42.5165

Longitude

-73.6101

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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