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Listed by Ryan Edson • Realty One Group Key
$ 8,750,000
Est. payment /mo
Active
201 Park Avenue Albany, NY 12202
64,934 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 64,934 sqft
Price per Sqft $134
MLS Listing ID 202622274
Year Built 1880
Annual Tax Amount $104,210
Lot Size 1.959 Acres
Acres 1.96
Lot Dimensions 327x261
Property Sub-Type Multi Family
Source Global MLS
Property Description
A rare opportunity to acquire a fully renovated, stabilized 46-unit multifamily investment housed within one of Albany's most distinctive historic buildings. Originally constructed as the iconic Hinckel Brewery, this landmark property has been thoughtfully transformed into a modern apartment community while preserving its unique architectural character. Completed renovations in 2023 have positioned the asset as a turnkey investment featuring updated kitchens and baths, stainless steel appliances, in-unit washer and dryers, new flooring, modern lighting, and contemporary finishes throughout. The property offers an attractive mix of one-, two-, and three-bedroom apartments with distinctive layouts that appeal to a broad tenant base.
Location
State NY
County Albany
Zoning Commercial
Direction Take Exit 3B to Madison then turn onto Park Avenue.
Interior
Interior Features Built-in Features
Heating Electric, Heat Pump
Exterior
Parking Features Metered, Off Street
Building
Sewer Public Sewer
Water Public
Architectural Style Commercial
New Construction No
Others
Tax ID 010100 76.39-3-13
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