96 Partition StRensselaer, NY 12144

  • Mining land
  • 29.26 AC
For Sale
$1,400,000 View listing

Property Details for 96 Partition St

Lot size
29.26 AC
Property type
Mining land
APN
381400 144.53-5-1
APU
3814001445351

Description

This exceptional 29.26-acre commercial land parcel presents a remarkable development opportunity in Rensselaer, NY. Located at 96 Partition Street, this property boasts convenient access to major transportation arteries, including Interstates 787 and 90, ensuring seamless connectivity. Previously approved for a substantial 178-unit apartment complex, this site offers significant potential for high-density residential development. The asking price is $1,400,000, translating to a land value of $1.10 per square foot. Its strategic location offers easy access to shopping and is within walking distance of downtown Rensselaer, providing residents with a vibrant urban lifestyle. Enjoy breathtaking views of the Albany skyline, adding to the property's desirability. The site's zoning and prior approvals streamline the development process, minimizing potential delays and maximizing return on investment. This is a rare chance to acquire a large, well-situated parcel in a thriving New York community, ideal for developers seeking a high-impact project. The property is situated in Rensselaer County, New York, with a zip code of 12144. Detailed site plans and prior approvals are available upon request. This prime location offers unparalleled potential for a lucrative development venture.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $362,410,368
    Hospitality
    $331,965,952
    Educational
    $276,191,776
    Medical
    $285,690,432
    Retail
    $429,631,616

Location Insight

City
Rensselaer
County
Rensselaer
State
New York
Latitude
42.6424
Longitude
-73.7331
CBSA code
10580
CBSA name
ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$70,000
-
$70,000
-
$350,000
-
$350,000

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