Seller's Agent in 2025
Andrea Tallman
KW Platform
(518) 410-8050
1 in this area
46 Total Sales
173 Madison Ave Albany, NY 12202
Mansion Area Neighborhood
10
Beds
4
Baths
5,250
Sq Ft
1,742
Sq Ft Lot
Highlights
- City View
- Vaulted Ceiling
- No HOA
- Albany High School Rated A-
- Wood Flooring
- 2-minute walk to Bleeker Park
About This Home
As of August 2025Prime Investment Opportunity at 173 Madison Avenue! Step into a seamless income-generating asset with this fully furnished 4-unit property, featuring 10 bedrooms, long-term stable tenants in all units
This turnkey property is ideally located minutes from Empire Plaza and the Capitol, ensuring high rental demand year-round. Enjoy added perks like in-unit washer and dryer in two units, a private back deck and patio, the main sewer line has been replaced, new hot water tanks, new kitchen appliances on 1st fl, renovated bathrooms, high end security system & Yale lock keyless entry for each unit. The list goes on and on!
With proven rental income, there's nothing left to do but start earning!
Last Agent to Sell the Property
KW Platform License #10401378283 Listed on: 03/07/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,633
Year Built
- Built in 1853 | Remodeled
Lot Details
- 1,742 Sq Ft Lot
- Privacy Fence
Home Design
- Quadruplex
- Brick Exterior Construction
- Rubber Roof
Interior Spaces
- 3-Story Property
- Built-In Features
- Crown Molding
- Vaulted Ceiling
- Paddle Fans
- City Views
- No Access to Attic
- Security System Owned
- Laundry on main level
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 10 Bedrooms
- 4 Full Bathrooms
- Ceramic Tile in Bathrooms
Basement
- Apartment Living Space in Basement
- Finished Basement Bathroom
Outdoor Features
- Patio
- Rear Porch
Schools
- Albany High School
Utilities
- No Cooling
- Baseboard Heating
- Electric Baseboard Heater
- 200+ Amp Service
- High Speed Internet
Community Details
- No Home Owners Association
- 4 Units
Listing and Financial Details
- The owner pays for trash collection, sewer, snow removal
- Legal Lot and Block 55.000 / 2
- Assessor Parcel Number 010100 76.49-2-55
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 7, 2025
Closed on
Aug 20, 2025
Sold by
Azmina & Aleena-Sisters Llc
Bought by
Substrate Building Company Llc
Seller's Agent
Andrea Tallman
KW Platform
Buyer's Agent
Eric Ptak
Carrow Real Estate Services LLC
List Price
$675,000
Sold Price
$585,000
Premium/Discount to List
-$90,000
-13.33%
Views
76
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,000
Original Mortgage
$438,750
Outstanding Balance
$437,974
Interest Rate
6.63%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 5, 2022
Sold by
Takor Roseline
Bought by
Azmina & Aleena-Sisters Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,500
Interest Rate
5.13%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 12, 2010
Sold by
Hayama Steve Shunzo and Hayama Mari
Bought by
Takor Roseline
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,000
Interest Rate
5%
Purchase Details
Closed on
Aug 9, 2005
Sold by
Bergmann Kurt O
Bought by
Hayama Steve Shunzo
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$17
Interest Rate
5.68%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 8, 2001
Sold by
Corcellis James R
Bought by
The Millennium Developmen
Purchase Details
Closed on
Aug 6, 1998
Purchase Details
Closed on
Jan 30, 1998
Purchase Details
Closed on
Nov 12, 1997
Purchase Details
Closed on
May 23, 1996
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $585,000 | None Listed On Document | |
| Warranty Deed | $470,000 | None Listed On Document | |
| Warranty Deed | $180,000 | None Available | |
| Warranty Deed | $252,500 | Maria Tebano | |
| Warranty Deed | $59,000 | Okeefe | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $47,100 | -- | |
| Warranty Deed | $159,620 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $438,750 | New Conventional | |
| Previous Owner | $352,500 | New Conventional | |
| Previous Owner | $134,000 | No Value Available | |
| Previous Owner | $17 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/22/2025 08/22/25 | Sold | $585,000 | -10.0% | $111 / Sq Ft |
| 05/25/2025 05/25/25 | Pending | -- | -- | -- |
| 03/17/2025 03/17/25 | Price Changed | $650,000 | -3.7% | $124 / Sq Ft |
| 03/07/2025 03/07/25 | For Sale | $675,000 | 0.0% | $129 / Sq Ft |
| 01/23/2025 01/23/25 | Pending | -- | -- | -- |
| 01/18/2025 01/18/25 | Price Changed | $675,000 | -3.4% | $129 / Sq Ft |
| 12/15/2024 12/15/24 | Price Changed | $699,000 | -6.8% | $133 / Sq Ft |
| 10/30/2024 10/30/24 | For Sale | $750,000 | -- | $143 / Sq Ft |
Source: Global MLS
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $17,607 | $473,000 | $23,000 | $450,000 |
| 2023 | $8,237 | $195,000 | $16,200 | $178,800 |
| 2022 | $8,060 | $195,000 | $16,200 | $178,800 |
| 2021 | $8,043 | $195,000 | $16,200 | $178,800 |
| 2020 | $10,907 | $195,000 | $16,200 | $178,800 |
| 2019 | $7,677 | $195,000 | $16,200 | $178,800 |
| 2018 | $8,296 | $195,000 | $16,200 | $178,800 |
| 2017 | $6,515 | $195,000 | $16,200 | $178,800 |
| 2016 | $10,877 | $195,000 | $16,200 | $178,800 |
| 2015 | $6,556 | $160,000 | $39,200 | $120,800 |
| 2014 | -- | $160,000 | $39,200 | $120,800 |
Source: Public Records
Agents Affiliated with this Home
-
Andrea Tallman
-
Eric Ptak
Buyer's Agent in 2025
Eric Ptak
Carrow Real Estate Services LLC
(518) 462-7491
1 in this area
22 Total Sales
Map
Source: Global MLS
MLS Number: 202428293
APN: 010100-076-049-0002-055-000-0000
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