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Buy a multi-family propertyat 419 Madison Ave Avenue, Albany, NY 12210

$995,000

$0/mo

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Multifamily

10,018 Sq. Ft. lot

6 Bedrooms

6 Bathrooms

285 Days on market

202321250 MLS ID

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About 419 Madison Ave Avenue multi-family property

An historic gem, 419 Madison is the former Fourth Precinct police station, which dates to the late 1800s, and no doubt held famous criminals. It was converted to 6 large, 1 bedroom apartments by the owner, and boasts 17 parking on-site spaces for tenants and renters. Filled with natural light and architectural character, like tin ceilings and hardwood floors, the 4th Precinct apartments have been a financial success since the conversion from its days as commercial office space for Metroland magazine. The purchaser may wish to maintain some units for short-term guests, like travelling nurses, as the current owner has done with great success or simply rent all units to long term tenants. 6 parking spaces are dedicated to the apartments with the remaining to renters.
An historic gem, 419 Madison is the former Fourth Precinct police station, which dates to the late 1800s, and no doubt held famous criminals. It was converted to 6 large, 1 bedroom apartments by the owner, and boasts 17 parking on-site spaces for tenants and renters. Filled with natural light and architectural character, like tin ceilings and hardwood floors, the 4th Precinct apartments have been a financial success since the conversion from its days as commercial office space for Metroland magazine. The purchaser may wish to maintain some units for short-term guests, like travelling nurses, as the current owner has done with great success or simply rent all units to long term tenants. 6 parking spaces are dedicated to the apartments with the remaining to renters.

Property details

Basement

Basement: "Exterior Entry", "Full", "Interior Entry", "Unfinished"

Bathrooms

6 full bathrooms

6 total bathrooms

Bedrooms

6 total bedrooms

House

Architectural Style: "2 Story"

Construction Materials: "Brick"

Living Area: 0

Number Of Units Total: 6

Year Built: 1894

Cooling

Cooling Included

Cooling: "Central Air"

Exterior Features

Features: "None"

Fence

Fencing: "Wood", "Chain Link", "Fenced", "Gate"

Floors

Flooring: "Ceramic Tile", "Hardwood"

Foundation

Foundation Details: "Concrete Perimeter", "Stone"

Heating

Heating: "Forced Air", "Natural Gas"

Heating Included

Interior Features

Features: "High Speed Internet", "Ceramic Tile Bath", "Crown Molding"

Listing

Contract Status Change Date: 2023-07-23

Listing Contract Date: 2023-07-23

Listing Id: 202321250

Mls Status: Active

Modification Timestamp: 2023-07-25 17:06:14

On Market Date: 2023-07-24

Original List Price: $995,000

Special Listing Conditions: "Standard"

Standard Status: Active

Status Change Timestamp: 2023-07-24 02:09:32

2 days on market

Location

City: Albany

State Or Province: NY

County Or Parish: Albany

Postal Code: 12210

Lot

Features: "Sprinklers In Front", "Level", "Road Frontage", "Sprinklers In Rear"

0.23 acres

Area: 0.23

Dimensions: per deed

10,019 square feet

Parking

Features: "Off Street", "Paved"

Parking Total: 17

Property

Parcel Number: 010100 76.31-2-64.1

Property Sub Type: Multi Family

Zoning: Multi Residence

Roof

Roof: "Metal"

Security System

Features: "Fire Sprinkler System", "Fire Escape", "Fire Alarm"

Schools

High School: Albany

Sewer

Sewer: "Public Sewer"

Taxes

Annual Amount: $19,896

Tax Lot: 64.001

Utilities

Electric: "Underground", "200+ Amp Service", "Circuit Breakers"

Water Source: "Public"

Monthly cost

Estimated monthly cost

$7,137/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$935,300

+$29,850

$965,150

Seller agent commission$29,850 (3%)*

$0 (0%)

Buyer agent commission$29,850 (3%)*

$29,850 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

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with an Unreal Estate agent

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State

  • Land in New York

Unreal Estate checked: May 4, 2024 at 10:18 p.m.

Data updated: Jul 25, 2023 at 5:48 p.m.

Courtesy of Matthew J Smith (518-956-0956), Washington Park Group, LLC.
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 08/08/2023
Listing Information © 2024 Global Multiple Listing Service, Inc. All Rights Reserved.

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