J
Seller's Agent in 2021
John DiBlasi
Exit Realty Empire Associates
359 Madison Ave Albany, NY 12210
Hudson Park NeighborhoodEstimated Value: $317,000 - $328,000
5
Beds
3
Baths
1,959
Sq Ft
$165/Sq Ft
Est. Value
Highlights
- Active Adult
- No HOA
- Level Lot
- Wood Flooring
- Hot Water Heating System
- Wood Siding
About This Home
As of December 202130K REDUCTION - Incredible investment opportunity to own two side-by-side solid brick Three-Family buildings (359 must be sold with 357 Madison Avenue) OR package ALL four buildings together (363/361/359/357 Madison Avenue). Highly sought after location within walking distance to Washington Park and Empire State Plaza. Charming historic details too with arches, moldings, and exposed natural brick. Tall windows offer Southern exposure all day. High ceilings and all units have hardwood floors. Some have great views too! 9 out of 12 units rented. Parking in the rear adds extra income at $95/mo. and 361 Madison has a two-car garage that can also be rented or used for storage. 359 is a 10.1 cap rate / 7.3 GRM. Pro-forma available upon request. $960,000 package price -- Very Good Condition
Last Agent to Sell the Property
John DiBlasi
Exit Realty Empire Associates License #10491211230 Listed on: 05/10/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,463
Year Built
- Built in 1851
Lot Details
- 1,742 Sq Ft Lot
- Lot Dimensions are 15.9x139
- Level Lot
Home Design
- Triplex
- Brick Exterior Construction
- Rubber Roof
- Wood Siding
Interior Spaces
- 1,959 Sq Ft Home
- Wood Flooring
Basement
- Walk-Out Basement
- Apartment Living Space in Basement
Parking
- 1 Parking Space
- Off-Street Parking
Schools
- Albany High School
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Hot Water Heating System
Listing and Financial Details
- Tenant pays for hot water, internet, cable TV, electricity
- The owner pays for trash collection, snow removal, gas, grounds care, heat
- Legal Lot and Block 61 / 3
- Assessor Parcel Number 010100 76.32-3-61
Community Details
Overview
- Active Adult
- No Home Owners Association
- 3 Units
Building Details
- Insurance Expense $1,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 19, 2023
Sold by
Holland Christopher and Holland Stephanie
Bought by
Hmg Irving Properties Llc
Current Estimated Value
Purchase Details
Closed on
Dec 18, 2019
Sold by
Robinson Redevelopment Company
Bought by
Robinson Square Housing Dev Fund Co Inc
Purchase Details
Closed on
Jul 19, 2000
Sold by
Miller Dorothy I
Bought by
Picasso Juan
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hmg Irving Properties Llc | -- | None Listed On Document | |
| Hmg Madison Properties Llc | -- | None Listed On Document | |
| Robinson Square Housing Dev Fund Co Inc | $5,697,000 | None Available | |
| Picasso Juan | $52,000 | Peter Ford |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/07/2021 12/07/21 | Sold | $240,000 | 0.0% | $123 / Sq Ft |
| 07/19/2021 07/19/21 | Pending | -- | -- | -- |
| 06/21/2021 06/21/21 | Price Changed | $240,000 | -11.1% | $123 / Sq Ft |
| 05/10/2021 05/10/21 | For Sale | $270,000 | -- | $138 / Sq Ft |
Source: Global MLS
Tax History Compared to Growth
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 | $6,701 | $252,000 | $50,400 | $201,600 |
| 2023 | $5,946 | $144,000 | $28,800 | $115,200 |
| 2022 | $5,820 | $144,000 | $28,800 | $115,200 |
| 2021 | $5,808 | $144,000 | $28,800 | $115,200 |
| 2020 | $5,463 | $144,000 | $28,800 | $115,200 |
| 2019 | $5,669 | $144,000 | $28,800 | $115,200 |
| 2018 | $5,477 | $144,000 | $28,800 | $115,200 |
| 2017 | $2,090 | $144,000 | $28,800 | $115,200 |
| 2016 | $5,311 | $144,000 | $28,800 | $115,200 |
| 2015 | $5,138 | $140,000 | $28,000 | $112,000 |
| 2014 | -- | $140,000 | $28,000 | $112,000 |
Source: Public Records
Agents Affiliated with this Home
-
-
Jerid Meagan
J
Buyer's Agent in 2021
Jerid Meagan
Principles 2019 LLC
(518) 330-3160
6 in this area
25 Total Sales
Map
Source: Global MLS
MLS Number: 202117982
APN: 010100-076-032-0003-061-000-0000
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