NOT LISTED FOR SALE

389 Delaware Ave Unit 389 Delaware Ave & 1 Delmar, NY 12054

4 Beds
2 Baths
2,924 Sq Ft
1951 Built

Last Sold November 30, 2021

Last sale price $725,000 $248 Per Sq Ft

8 Days on Market

Highlights

  • Active Adult
  • No HOA
  • Level Lot
  • Wood Flooring
  • Hot Water Heating System

About This Home

As of November 2021

Solid investment opportunity near 4 Corners of Delmar. Three buildings with seven units. All buildings must be purchased together. Four units in the 389 Delaware Ave. Building. 146 Adams is 2 units up & down. 144 Adams rented as Hair Salon. Long term tenants & easily rented. Vacant unit on 3rd floor on 389 Delaware due to sale of property. Very Good Condition

Last Agent to Sell the Property

Mary Martin-Canova

Gabler Realty, LLC License #10401235596 Listed on: 10/06/2021

Gabler Realty, LLC

Last Buyer's Agent

Jessica Richer

United Realty Brokerage Corporation

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,530

Year Built

  • Built in 1951

Lot Details

  • Lot Dimensions are 50 x 200
  • Level Lot
  • Cleared Lot

Home Design

  • 2,924 Sq Ft Home
  • Duplex
  • Rubber Roof
  • Stone Siding
  • Clapboard
  • Asphalt

Flooring

  • Wood
  • Ceramic Tile
  • Vinyl

Parking

  • 7 Parking Spaces
  • Driveway
  • Paved Parking
  • Off-Street Parking

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Hot Water Heating System

Additional Features

  • Unfinished Basement

Listing and Financial Details

  • Tenant pays for hot water, internet, cable TV, electricity
  • The owner pays for trash collection, parking fee, snow removal, gas, heat
  • Legal Lot and Block 27 / 1
  • Assessor Parcel Number 012200 85.16-1-27
  • Seller Concessions Not Offered

Community Details

Overview

  • Active Adult
  • No Home Owners Association
  • 7 Units

Building Details

  • Insurance Expense $4,555

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,530

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: Multi Family
  • Year Built: 1951
  • Directions: Corner of Delaware Ave. & Adams St.
  • Above Grade Finished Sq Ft: 2924.0
  • Architectural Style: Apartment 4 Plus Unit, Duplex-Over/Under, Other, See Remarks
  • Financial Details General Taxes: 3429.0
  • General Taxes Description: Actual
  • Financial Details School Taxes: 9101.0
  • School Taxes Description: Actual
  • Lot Size: 50 x 200
  • Parking Features Parking Total: 7.0
  • Possession Possession Legacy: TBD
  • Sale Detail Seller Contribution: No
  • Senior Community YN: No Special Conditions
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 3
  • Gas Expense Description: Actual
  • Insurance Expense Description: Actual
  • Income And Expenses Maintenance Expense: 1116.0
  • Water Sewer Expense Description: Actual
  • Income: 52620.0
  • Income Description: Actual
  • Number of Refrigerators: 6
  • Unit Information Number Of Stoves: 6
  • Flooring:Hardwood: Yes
  • Flooring:Ceramic Tile: Yes
  • Flooring:Vinyl: Yes
  • Special Features: None

Interior Features

  • Flooring: Vinyl, Ceramic Tile, Hardwood
  • Basement: Unfinished
  • Living Area: 2924.0
  • Owner Pays: Trash Collection, Parking Fee, Snow Removal, Gas, Heat
  • Basement:Unfinished: Yes
  • Unit 1 Owner Furnish Features:Sewer3: Yes
  • Unit 1 Owner Furnish Features:Snow Removal4: Yes
  • Unit 1 Owner Furnish Features:Water4: Yes
  • Unit 2 Owner Furnish Features:Sewer4: Yes
  • Unit 2 Owner Furnish Features:Snow Removal5: Yes
  • Unit 2 Owner Furnish Features:Water5: Yes
  • Unit 2 Owner Furnish Features:Heat4: Yes
  • Unit 2 Owner Furnish Features:Hot Water5: Yes
  • Unit 1 Owner Furnish Features:Heat3: Yes
  • Unit 1 Owner Furnish Features:Hot Water4: Yes
  • Unit 3 Owner Furnish Features:Heat5: Yes
  • Unit 3 Owner Furnish Features:Hot Water6: Yes
  • Unit 4 Owner Furnish Features:Heat6: Yes
  • Unit 4 Owner Furnish Features:Hot Water7: Yes
  • Unit 5 Owner Furnish Features:Heat7: Yes
  • Unit 5 Owner Furnish Features:Hot Water8: Yes
  • Unit 1 Owner Furnish Features:Trash2: Yes
  • Unit 2 Owner Furnish Features:Trash3: Yes
  • Unit 3 Owner Furnish Features:Sewer5: Yes
  • Unit 3 Owner Furnish Features:Snow Removal6: Yes
  • Unit 3 Owner Furnish Features:Trash4: Yes
  • Unit 3 Owner Furnish Features:Water6: Yes
  • Unit 4 Owner Furnish Features:Sewer6: Yes
  • Unit 4 Owner Furnish Features:Snow Removal7: Yes
  • Unit 4 Owner Furnish Features:Trash5: Yes
  • Unit 4 Owner Furnish Features:Water7: Yes
  • Unit 5 Owner Furnish Features:Sewer7: Yes
  • Unit 5 Owner Furnish Features:Snow Removal8: Yes
  • Unit 5 Owner Furnish Features:Trash6: Yes
  • Unit 5 Owner Furnish Features:Water8: Yes
  • Unit 6 Owner Furnish Features:Sewer10: Yes
  • Unit 6 Owner Furnish Features:Snow Removal11: Yes
  • Unit 6 Owner Furnish Features:Trash9: Yes
  • Unit 6 Owner Furnish Features:Water11: Yes
  • Unit 6 Owner Furnish Features:Heat10: Yes
  • Unit 6 Owner Furnish Features:Hot Water11: Yes
  • Unit 7 Owner Furnish Features:Sewer8: Yes
  • Unit 7 Owner Furnish Features:Trash7: Yes
  • Unit 7 Owner Furnish Features:Water9: Yes

Exterior Features

  • Roof: Rubber, Asphalt
  • Construction Type: Stone, Clapboard
  • Waterfront: No
  • Lot Features:Level: Yes
  • Lot Features:Cleared: Yes
  • Construction Materials:Clapboard2: Yes
  • Construction Materials:Stone5: Yes

Garage/Parking

  • Parking Features: Off Street, Paved, None, Driveway
  • Attached Garage: No
  • Total Parking Spaces: 7.0
  • Parking Features:Off Street: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:Paved: Yes
  • Parking Features:None11: Yes
  • Owner Pays:Parking Fee2: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Hot Water, Natural Gas
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Hot Water: Yes
  • Heating:Natural Gas2: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: Yes

Association/Amenities

  • Parcel Tax HOA:Association YN: No

Fee Information

  • Annual Fuel Expense: 3464.28

Schools

  • Junior High Dist: Bethlehem

Lot Info

  • Lot Features: Level, Cleared
  • Parcel #: 012200 85.16-1-27

Rental Info

  • Tenant Pays: Hot Water, Internet, Cable TV, Electricity

Multi Family

  • Insurance Expense: 4554.85
  • Number Of Units Total: 7
  • Maintenance Expense: 1116.0

Tax Info

  • Tax Annual Amount: 12530.0
  • Tax Block: 1
  • Tax Lot: 27

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 21, 2015
Sold by
Asset Property Management Llc
Bought by
Msa Property Holdings Llc

Purchase Details

Closed on
Sep 20, 1995
Sold by
Olmstead J Michael Linda
Bought by
Messina Joseph R
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Msa Property Holdings Llc $1,278,000 None Available
Messina Joseph R -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2021 11/30/21 Sold $725,000 -3.3% $248 / Sq Ft
10/12/2021 10/12/21 Pending -- -- --
10/04/2021 10/04/21 For Sale $750,000 -- $256 / Sq Ft
Source: Global MLS

Tax History Compared to Growth

Source: Public Records

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 $13,127 $399,000 $72,500 $326,500
2023 $12,779 $399,000 $72,500 $326,500
2022 $12,509 $399,000 $72,500 $326,500
2021 $12,597 $399,000 $72,500 $326,500
2020 $12,526 $399,000 $72,500 $326,500
2019 $10,861 $399,000 $72,500 $326,500
2018 $12,316 $399,000 $72,500 $326,500
2017 $8,777 $399,000 $72,500 $326,500
2016 $12,106 $399,000 $72,500 $326,500
2015 -- $399,000 $72,500 $326,500
2014 -- $566,000 $72,500 $493,500
Source: Public Records

Agents Affiliated with this Home

  • Mary Martin-Canova

    Seller's Agent in 2021

    Mary Martin-Canova

    Gabler Realty, LLC

    (518) 928-9797

    79 in this area

    186 Total Sales

    Mary Martin-Canova
    Section Image

  • J

    Buyer's Agent in 2021

    Jessica Richer

    United Realty Brokerage Corporation

See All Agents

Map

Source: Global MLS

MLS Number: 202129907

Global MLS

APN: 012200-085-016-0001-027-000-0000

New York Albany County Delmar 12054

389 Delaware Ave Unit 389 Delaware Ave & 1, Delmar, NY

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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Information is deemed reliable but not guaranteed.



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