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    357 Madison Av

    Albany, NY 12210
    • $270,000
    • STATUS: Active
    • MLS #: 202117981
    UPDATED: 26 min ago
    $270,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,827
      SQFT
    • $148
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1851
    County:

    School Ratings & Info

    School District:

    Description

    Incredible investment opportunity to own two side-by-side solid brick Three-Family buildings (357 must be sold with 359 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 or used for storage. 357 offers a 10.2 cap rate / 6.8 GRM. Pro-forma available upon request.

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    © 2021 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. Data last updated 2021-06-16T16:12:31.167.
    www.518realty.com/homes/116966197
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    357 Madison Av Albany, NY 12210

    • Price: $270,000
    • Status: Active
    • Updated: 26 min ago
    • MLS #: 202117981
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1,827
    SQFT
    $148
    $/SQFT
    1851
    Built
    Neighborhood:
    Empire State Plaza
    County:
    Albany
    Area:
    Albany City-Ne (111)
    School District:
    Albany
    Property Description
    Incredible investment opportunity to own two side-by-side solid brick Three-Family buildings (357 must be sold with 359 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 or used for storage. 357 offers a 10.2 cap rate / 6.8 GRM. Pro-forma available upon request.
    Exterior Features

    Exterior Type BrickWood Garage Description None Lot Description Level Lot Size 15.9X139 Off Street Parking Spaces 2 Roof Rubber Style Triplex

    Interior Features

    Abv Grnd Sq Ft Source Estimated Abv Grnd Sq Ft Source1 Reinsight/Public Info Air Conditioners 0 Attic None Basement ApartmentWalk Out Cooling Type None Dishwashers 0 Dryers 0 Flooring Hardwood Handicap Access No Heat Fuel Natural Gas Heat System Hot Water Refrigerators 3 Stoves 3 Unit One Beds 2 Unit One Full Baths 1 Unit One Partial Baths 0 Unit One Rooms 4 Unit Three Beds 2 Unit Three Full Baths 1 Unit Three Partial Baths 0 Unit Three Rooms 4 Unit Two Beds 2 Unit Two Full Baths 1 Unit Two Partial Baths 0 Unit Two Rooms 4 Washers 0

    Property Features

    City Town Taxing Entity Albany Gas Expense Description Actual General Taxes 2843 General Taxes Description Estimated Insurance Exp Description Estimate Other Income 2400 Possession At Close Rental Income 39600 Rental Income Description E School Taxes 4327 School Taxes Description Actual Sewer Public Special Market Conditions No Special ConditionsOther~See Remarks Survey No Total Income Description Estimated Total Taxes 5463 Total Taxes Description Estimated Unit Occupancy Month-To-MonthVacant Unit One Location Garden Unit One Monthly Rent 1000 Unit One Occupancy Month-To-Month Unit One Owner Furnishes HeatHot WaterWater & SewerNatural GasTrash RemovalLawn CareSnow Removal Unit One Rent Desc Actual Unit Owner Furnishes HeatHot WaterWater &Amp; SewerTrash RemovalLawn CareSnow Removal Unit Three Location 2F Unit Three Monthly Rent 1200 Unit Three Occupancy Vacant Unit Three Owner Furnishes HeatHot WaterWater & SewerNatural GasTrash RemovalLawn CareSnow Removal Unit Three Rent Desc Estimated Unit Two Location 1F Unit Two Monthly Rent 1000 Unit Two Occupancy Month-To-Month Unit Two Owner Furnishes HeatHot WaterWater & SewerNatural GasTrash RemovalLawn CareSnow Removal Unit Two Rent Desc Actual Water Public Water Expense Description Estimate

    Listing information © 2021 Global MLS.
    Listing provided courtesy of John Diblasi of Exit Realty Empire Associates:518-857-1505.



    © 2021 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. Data last updated 2021-06-16T16:12:31.167.
     
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