$2,550,000
SOLD SEP 25, 2024
32 Beds
20 Baths
7,992 Sq Ft
0.7 Acres

Recently Sold

$319 Per Sq Ft

6% Below List Price

36 Days on Market

Highlights

  • 0.7 Acre Lot
  • No HOA
  • Tile Flooring
  • Secluded Lot
  • Bathroom on Main Level
  • Electric Baseboard Heater

About This Home

As of September 2024

Neighborhood allure in the heart of the city. Situated at the end of a secluded street, this 20-unit complex encompasses four tenant buildings, a large garage, private parking lot, and lots of green space. Unit mix is (8) 1-bedroom and (12) 2-bedroom, with each unit featuring large bedrooms. Current rents are below market value with many long-term tenants. Additional value add opportunities include parking fees and converting the large garage into tenant storage. Garage is currently rented to a nearby contractor at $200/month. All units are separately metered. Each building offers a laundry room for additional income. Close proximity to New Scotland Ave businesses and restaurants--includes a private path to neighboring commercial spaces! Updates and financials in documents.

Last Agent to Sell the Property

Jamie Brayton

Rooted Property Group LLC License #10491212270 Listed on: 08/01/2024

Co-Listed By

Alex Buell

Property Pro Realty Group Inc. License #10401257330

Last Buyer's Agent

Lisa DeMase

Nick Demase & Associates License #10301204993

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $29,696

Year Built

  • Built in 1970

Lot Details

  • 0.7 Acre Lot
  • Partially Fenced Property
  • Vinyl Fence
  • Secluded Lot

Home Design

  • Vinyl Siding
  • Asphalt

Interior Spaces

  • 7,992 Sq Ft Home
  • 3-Story Property

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 32 Bedrooms
  • Bathroom on Main Level
  • 20 Full Bathrooms

Basement

  • Apartment Living Space in Basement
  • Finished Basement Bathroom

Parking

  • 20 Car Garage
  • Open Parking
  • Off-Street Parking

Schools

  • Albany High School

Utilities

  • Heating System Uses Natural Gas
  • Electric Baseboard Heater

Community Details

  • No Home Owners Association
  • 20 Units

Listing and Financial Details

  • Tenant pays for hot water, electricity, gas
  • Assessor Parcel Number 010100 75.28-2-47 & 010100 75.28-2-45

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$29,696

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: 5+ Units
  • Year Built: 1970
  • Directions: Ontario Street between New Scotland Ave and Woodlawn Ave.
  • Above Grade Finished Sq Ft: 7992.0
  • Architectural Style: Apartment 4 Plus Unit
  • Financial Details General Taxes: 10931.0
  • General Taxes Description: Estimated
  • Financial Details School Taxes: 18764.0
  • School Taxes Description: Estimated
  • Lot Size Acres: 0.7
  • Parking Features Parking Total: 20.0
  • Sale Detail Buyer Zip Code: 12208
  • Sale Detail Seller Contribution: No
  • Number Of Separate Electric Meters: 25
  • Co List Office Mls Id: o2841A
  • Co List Office Phone: 518-500-4776
  • Flooring:Carpet: Yes
  • Flooring:Vinyl: Yes
  • Fencing:Partial2: Yes
  • Fencing:Vinyl2: Yes
  • Levels Three Or More: Yes
  • Levels Two: Yes
  • Special Features: None

Interior Features

  • Flooring: Vinyl, Tile, Carpet
  • Basement: Apartment
  • Full Bathrooms: 20
  • Total Bedrooms: 32
  • Living Area: 7992.0
  • Bathroom Levels Full Bathroom 1: Basement
  • Bathroom Levels Full Bathroom 10: 1st
  • Bathroom Levels Full Bathroom 2: Basement
  • Bathroom Levels Full Bathroom 3: 1st
  • Bathroom Levels Full Bathroom 4: 1st
  • Bathroom Levels Full Bathroom 5: 2nd
  • Bathroom Levels Full Bathroom 6: 2nd
  • Bathroom Levels Full Bathroom 7: Basement
  • Bathroom Levels Full Bathroom 8: Basement
  • Bathroom Levels Full Bathroom 9: 1st
  • Basement:Apartment: Yes

Exterior Features

  • Exterior Features: None
  • Roof: Asphalt
  • Construction Type: Vinyl Siding
  • Fencing: Vinyl, Partial
  • Other Structures: Garage(s)
  • Waterfront: No
  • Construction Materials:Vinyl Siding: Yes
  • Exterior Features:None37: Yes
  • Lot Features:Secluded: Yes

Garage/Parking

  • Parking Features: Off Street, Paved
  • Attached Garage: No
  • Open Parking: Yes
  • Total Parking Spaces: 20.0
  • Parking Features:Off Street: Yes
  • Property Detail:Parking YN: Yes
  • Parking Features:Paved: Yes
  • Other Structures:Garage(s): Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Electric, Natural Gas
  • Water Source: Public
  • Heating Yn: Yes
  • Heating:Electric: Yes
  • Heating:Natural Gas2: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Parcel Tax HOA:Association YN: No

Schools

  • Junior High Dist: Albany

Lot Info

  • Lot Features: Secluded
  • Parcel #: 010100 75.28-2-47 & 010100 75.28-2-45
  • Lot Size Sq Ft: 30492.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Hot Water, Electricity, Gas

Tax Info

  • Tax Annual Amount: 29696.0

Multi Family

  • Number Of Units Total: 20

MLS Schools

  • HighSchool: Albany

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2024 09/25/24 Sold $2,550,000 -5.6% $319 / Sq Ft
09/06/2024 09/06/24 Pending -- -- --
08/01/2024 08/01/24 For Sale $2,700,000 -- $338 / Sq Ft
Source: Global MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Global MLS

MLS Number: 202422537

Global MLS