NOT LISTED FOR SALE
12 Beds
8 Baths
8,268 Sq Ft
1901 Built

Last Sold March 05, 2021

Last sale price $680,000 $82 Per Sq Ft

104 Days on Market

Highlights

  • Active Adult
  • Window Unit Cooling System
  • 5-minute walk to Duffy Park
  • No HOA
  • Heating System Uses Steam

About This Home

As of March 2021

582 Park Avenue is a former hotel that has been converted to 10 apartments back in 2013. The owners have upgraded the kitchens and run entirely new electrical throughout the building. Owner pays heat and hot water, and has spray foam insulated where possible for retention. There is coin op laundry on the first floor, a small driveway with 2 spots for off-street parking and a fenced backyard. Yearly gross rent is $108,600. Superior Condition

Last Agent to Sell the Property

Shane Mahar

Madison Park Real Estate License #10491207239 Listed on: 12/09/2020

Last Buyer's Agent

Alison Gaito

Darby Real Estate of New York Inc License #10401330483

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,235

Year Built

  • Built in 1901

Home Design

  • Brick Exterior Construction
  • Rubber Roof
  • Stone Siding

Interior Spaces

  • 8,268 Sq Ft Home
  • Apartment Living Space in Basement

Parking

  • 2 Parking Spaces
  • Off-Street Parking

Lot Details

  • Lot Dimensions are 34 x 115.5

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Heating System Uses Steam

Community Details

  • Active Adult
  • No Home Owners Association
  • 10 Units

Listing and Financial Details

  • Tenant pays for hot water
  • The owner pays for heat
  • Legal Lot and Block 9 / 3
  • Assessor Parcel Number 010100 65.77-3-9

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,235

Year Built

Built in 1901

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: 5+ Units
  • Year Built: 1901
  • Directions: On S Lake Ave, pass Albany Med, turn onto Park Ave
  • Above Grade Finished Sq Ft: 8268.0
  • Architectural Style: Other, See Remarks
  • Lot Size: 34 x 115.5
  • Parking Features Parking Total: 2.0
  • Sale Detail Seller Contribution: No
  • Senior Community YN: No Special Conditions
  • Number of Dishwashers: 10
  • Unit Information Number Of Dryers: 1
  • Number of Refrigerators: 10
  • Unit Information Number Of Stoves: 10
  • Unit Information Number Of Washers: 1
  • Special Features: None

Interior Features

  • Basement: Apartment
  • Living Area: 8268.0
  • Owner Pays: Heat
  • Basement:Apartment: Yes
  • Unit 2 Owner Furnish Features:Owner Furnishes2: Heat HW
  • Unit 3 Owner Furnish Features:Owner Furnishes3: Heat HW

Exterior Features

  • Roof: Rubber
  • Construction Type: Stone, Brick
  • Waterfront: No
  • Construction Materials:Brick: Yes
  • Lot Features:Other45: Yes
  • Construction Materials:Stone5: Yes

Garage/Parking

  • Parking Features: Off Street
  • Attached Garage: No
  • Total Parking Spaces: 2.0
  • Parking Features:Off Street: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Window Unit(s)
  • Heating: Steam, Natural Gas
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Steam: Yes
  • Heating:Natural Gas2: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: Yes

Association/Amenities

  • Parcel Tax HOA:Association YN: No

Schools

  • Junior High Dist: Albany

Lot Info

  • Lot Features: See Remarks
  • Parcel #: 010100 65.77-3-9

Rental Info

  • Tenant Pays: Hot Water

Tax Info

  • Tax Annual Amount: 21235.0
  • Tax Block: 3
  • Tax Lot: 9

Multi Family

  • Number Of Units Total: 10
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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 List to Sale Price per Sq Ft Prior Sale
03/05/2021 03/05/21 Sold $680,000 -4.2% $82 / Sq Ft
12/30/2020 12/30/20 Pending -- -- --
12/09/2020 12/09/20 Price Changed $710,000 0.0% $86 / Sq Ft
12/09/2020 12/09/20 For Sale $710,000 -3.9% $86 / Sq Ft
10/27/2020 10/27/20 Pending -- -- --
09/17/2020 09/17/20 For Sale $739,000 +146.3% $89 / Sq Ft
11/26/2013 11/26/13 Sold $300,000 -18.9% $48 / Sq Ft View Prior Sale
11/06/2013 11/06/13 Pending -- -- --
10/09/2012 10/09/12 For Sale $369,900 -- $59 / Sq Ft
Source: Global MLS

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
2025 $18,202 $529,400 $48,000 $481,400
2024 $18,202 $529,400 $48,000 $481,400
2023 $20,950 $423,300 $33,200 $390,100
2022 $21,792 $423,300 $33,200 $390,100
2021 $21,294 $423,300 $33,200 $390,100
2020 $22,044 $423,300 $33,200 $390,100
2019 $16,665 $423,300 $33,200 $390,100
2018 $20,828 $423,300 $33,200 $390,100
2017 $8,730 $423,300 $33,200 $390,100
2016 $21,236 $423,300 $33,200 $390,100
2015 $14,630 $300,000 $8,200 $291,800
2014 -- $300,000 $8,200 $291,800
Source: Public Records

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Map

Source: Global MLS

MLS Number: 202028468

Global MLS
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