361 Madison Ave Albany, NY 12210
Hudson Park Neighborhood
3
Beds
3
Baths
2,034
Sq Ft
1,742
Sq Ft Lot
Highlights
- Senior Community
- No HOA
- Hot Water Heating System
- Wood Flooring
- 2 Car Detached Garage
- Level Lot
About This Home
As of March 202530 REDUCTION - Incredible investment opportunity to own two side-by-side solid brick Three-Family buildings (361 must be sold with 363 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. 10.3 cap rate / 6.7 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
- $5,577
Year Built
- Built in 1885
Lot Details
- 1,742 Sq Ft Lot
- Lot Dimensions are 15.9x139
- Level Lot
Parking
- 2 Car Detached Garage
- Open Parking
- Off-Street Parking
Home Design
- Triplex
- Brick Exterior Construction
- Rubber Roof
- Wood Siding
Interior Spaces
- 2,034 Sq Ft Home
- Wood Flooring
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Full Bathrooms
Basement
- Walk-Out Basement
- Apartment Living Space in Basement
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Hot Water Heating System
Community Details
- Senior Community
- No Home Owners Association
- 3 Units
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 62 / 3
- Assessor Parcel Number 010100 76.32-3-62
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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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
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: 202117983
APN: 010100-076-032-0003-062-000-0000
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