3 BUILDING ALBANY PACKAGE

117 Apts & 1 Store for Sale

11 South Lake Avenue, 152 Western Avenue, 249-251 State Street, Albany, NY
Asking Price $10,650,000
Type Mixed-Use
Neighborhood Downtown Albany
Properties 3
Lot Size Ask for Setup
Zoning Code Ask for Setup
Size 11 South Lake: 134,955 Gross SF | 152 Western: 5,016 Gross SF | 249-251 State: 11,454 Gross SF
Stories See Description
Units 11 South Lake: 94 units | 152 Western Avenue: 4 units + 1 store | 249-251 State: 19 units
Air Rights

Investment Highlights:

These 3 properties consist of one 8-story elevator apartment building with 94 apartments, one 3 story building with 4 apartments and 1 store, and one 4.5-story elevator building with 19 apartments. Surrounded by University at Albany Downtown Campus and several other colleges, the properties are ideally situated to attract students and working class tenants. Just a few blocks north of the Albany Stratton VA Medical Center with close proximity to the scenic Washington Park & Pond and other historical landmarks.

Location:

SURROUNDED BY UNIVERSITY OF ALBANY DOWNTOWN CAMPUS

Property Listing Contact:

Amit Doshi // Senior Managing Director // 800 3rd Ave., New York, NY // 212.468.5959 // adoshi@meridiancapital.com

Shallini Mehra// Managing Director // 800 3rd Ave., New York, NY // 212.468.5958 // smehra@meridiancapital.com

Jonathan A. Shainberg // Vice President // 800 3rd Ave., New York, NY // 212.468.5957 // jshainberg@meridiancapital.com