361 Madison Ave Albany, NY 12210
Hudson Park Neighborhood
6
Beds
3
Baths
2,034
Sq Ft
2,178
Sq Ft Lot
Highlights
- Traditional Architecture
- 2 Car Detached Garage
- Hot Water Heating System
- No HOA
- Bathroom on Main Level
- Wood Siding
About This Home
As of March 2025This property is a 3 Unit Building located in the highly sought after Center Square neighborhood. Within a short walk to Lark St, Washington Park, Empire State Plaza, and all that Downtown Albany has to offer! Currently 1/3 units are rented in the building, allowing for a great owner occupied opportunity OR a great opportunity for an investor to place their own tenants at market rents. Once fully occupied this property as the potential to bring in roughly $45,600 per year in gross rent. This property can be sold as well with 363 Madison if an investor was interested in packaging both together. Rear Garage is to be sold ''as is''.
Last Agent to Sell the Property
Empire Real Estate Firm LLC License #10401304854 Listed on: 01/15/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,482
Year Built
- Built in 1885
Lot Details
- 2,178 Sq Ft Lot
Parking
- 2 Car Detached Garage
- Open Parking
- Off-Street Parking
Home Design
- 2,034 Sq Ft Home
- Triplex
- Traditional Architecture
- Brick Exterior Construction
- Rubber Roof
- Wood Siding
Flooring
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 6 Bedrooms
- Bathroom on Main Level
- 3 Full Bathrooms
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Apartment Living Space in Basement
Schools
- Albany High School
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Hot Water Heating System
Community Details
- No Home Owners Association
- 3 Units
Listing and Financial Details
- Assessor Parcel Number 010100 76.32-3-62
- Seller Concessions Offered
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 15, 2025
Closed on
Mar 28, 2025
Sold by
361-363 Madison Avenue Llc
Bought by
Stout Jessica L
Seller's Agent
Giovanni Lisi
Empire Real Estate Firm LLC
Buyer's Agent
Carl Frost
Heer Realty, Inc.
List Price
$349,900
Sold Price
$318,000
Premium/Discount to List
-$31,900
-9.12%
Views
34
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
-$20,333
Avg. Annual Appreciation
-19.20%
Original Mortgage
$254,400
Outstanding Balance
$254,181
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$43,486
Purchase Details
Closed on
Jun 21, 2000
Sold by
Jason Lavinia Park
Bought by
Picasso Juan
Similar Homes in Albany, NY
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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 | $318,000 | Northway Title | |
| Warranty Deed | $53,000 | Peter Ford |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $254,400 | New Conventional | |
| Previous Owner | $200,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/28/2025 03/28/25 | Sold | $318,000 | -9.1% | $156 / Sq Ft |
| 01/30/2025 01/30/25 | Pending | -- | -- | -- |
| 01/15/2025 01/15/25 | For Sale | $349,900 | +45.8% | $172 / Sq Ft |
| 09/17/2021 09/17/21 | Sold | $240,000 | 0.0% | $118 / Sq Ft |
| 07/19/2021 07/19/21 | Pending | -- | -- | -- |
| 06/21/2021 06/21/21 | Price Changed | $240,000 | -11.1% | $118 / Sq Ft |
| 05/10/2021 05/10/21 | For Sale | $270,000 | -- | $133 / 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 | $6,482 | $252,000 | $50,400 | $201,600 |
| 2023 | $6,065 | $147,000 | $29,400 | $117,600 |
| 2022 | $5,936 | $147,000 | $29,400 | $117,600 |
| 2021 | $5,923 | $147,000 | $29,400 | $117,600 |
| 2020 | $5,577 | $147,000 | $29,400 | $117,600 |
| 2019 | $5,787 | $147,000 | $29,400 | $117,600 |
| 2018 | $5,591 | $147,000 | $29,400 | $117,600 |
| 2017 | $2,134 | $147,000 | $29,400 | $117,600 |
| 2016 | $5,422 | $147,000 | $29,400 | $117,600 |
| 2015 | $4,654 | $126,800 | $25,400 | $101,400 |
| 2014 | -- | $126,800 | $25,400 | $101,400 |
Source: Public Records
Agents Affiliated with this Home
-
Giovanni Lisi
Seller's Agent in 2025
Giovanni Lisi
Empire Real Estate Firm LLC
(518) 396-7189
3 in this area
106 Total Sales
-
Carl Frost
Buyer's Agent in 2025
Carl Frost
Heer Realty, Inc.
(518) 424-1313
1 in this area
18 Total Sales
-
J
Seller's Agent in 2021
John DiBlasi
Exit Realty Empire Associates
-
Jerid Meagan
J
Buyer's Agent in 2021
Jerid Meagan
Principles 2019 LLC
(518) 330-3160
5 in this area
23 Total Sales
Map
Source: Global MLS
MLS Number: 202510738
APN: 010100-076-032-0003-062-000-0000
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