467 Delaware AveAlbany, NY 12209

Property Details for 467 Delaware Ave

Year built

1955

Lot size

0.13 AC

Property size (Sq ft)

4,166 SF

Zone code

C1

Property type

Investment properties

Property subtype

Retail residential properties

APN

010100 75.68-2-6

APU

10100756826

Description

This exceptional investment opportunity presents a unique parcel of land totaling 0.13 acres, situated at 467 Delaware Avenue, Unit 467, in the vibrant city of Albany, New York. The property is classified as "Other," offering a versatile canvas for a variety of potential uses. Its location in Albany provides access to a thriving urban environment with a rich history and a diverse population. The asking price is $5,750, representing a compelling entry point into the Albany real estate market. Given the size and location, this property is ideal for investors seeking a strategic foothold in a growing area. The absence of square footage information underscores the unique nature of this offering, emphasizing the land itself as the primary asset. Further due diligence is encouraged to explore the full potential of this 0.13-acre site. Its potential uses are numerous and depend on local zoning regulations and the buyer's vision. This is a chance to acquire a piece of Albany's dynamic landscape at an attractive price point. Serious inquiries are welcome to explore this exciting opportunity. The property's address is clearly defined, allowing for easy location verification and further investigation into its potential. The relatively small size of the lot makes it suitable for a range of projects, from small-scale developments to strategic land banking. The price reflects the current market conditions and the unique characteristics of this offering.

• CAP approach

  CAP return

  Valuation

  6%

  $1,283,275

  6.5%

  $1,184,561

  7%

  $1,099,950

• Comparable approach

  Method

  Valuation

  Relative Method

  $849,382

  Geo Method

  $843,711

• Alternative Use

  Use

  Valuation

  Residential

  $1,184,561

  Hospitality

  $1,085,052

  Educational

  $902,750

  Medical

  $933,797

  Retail

  $1,404,278

Location Insight

City

Albany

County

Albany

State

New York

Latitude

42.6404

Longitude

-73.7845

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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