49-51 Broad Street Albany, NY ^$ 720,000

49-51 Broad Street

^$ 720,000

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49-51 Broad Street

Albany, NY, 12202

^$ 720,000

Bedrooms28 Baths12.0 Sq 11,040

Monthly Estimate*

^$ 4,785

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Multi-Family Home for sale in Albany, NY

for $720,000 with 28 bedrooms and 12 full baths. This 11,040 square foot home was built in 1940 on a lot size of 0.07.

Investment Opportunity in Albany's South End: A rare chance to acquire a strategically positioned portfolio featuring 12 units across two brick abutting properties. Located at 51 Broad Street, there are eight 2BD/1BA units, complemented by an additional four 3BD/1BA units at 49 Broad Street. These properties present a compelling investment prospect, offering significant potential for increased rental income following thoughtful upgrades to both the individual units and the overall building infrastructure.

Multi-Family Pending

Price

^$ 720,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 20,318

Style

Low Rise

Lot Size

0.07

Year Built

1940

Town/City

Albany

County/Region

Albany

MLS | Web ID

202329927

Features

General

Sewer Public Sewer

Heating Forced Air Hot Water

Cooling None

Possession At Closing

Exterior Features None

Zoning Multi Residence

Garage Spaces 0.0

Architectural Style Low Rise

Construction Materials Brick

Year Built 1940

Tenant Pays Hot Water Heat Internet Electricity Gas

Property SubType 5+ Units

County Albany

New Construction N

Property Type MultiFamily

HOA / Comm Assn N

Status Pending

Buyer Financing Conventional

Directions Exit I-787 toward downtown Albany. Merge onto Broadway north. Continue 0.5 mi to a circle. Take 2nd exit onto S Pearl St. Turn left onto Morton Ave. Arrive at 49 Broad St.

High School Albany

City Albany

Buyer Agent Compensation 2.00

View Y/N N

High School District Albany

NumberOfUnitsTotal 12

Lot Size Units Acres

Lot Size Square Feet 3049.2

Waterfront Y/N N

Carport Y/N N

Street Name Broad

Land Lease Y/N N

Tax Annual Amount 20318.35

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Virtual Tour https://www.hommati.com/3DTour-AerialVideo/unbranded/49-Broad-St-Albany-NY--HPI30439617

Days on Market 36

Standard Status Pending

Tax Assessed Value 0

Buyer Agent Compensation Type %

Interior

Basement Full

Flooring Hardwood

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Above Grade Finished Area 11040.0

Full Baths 12

Half Baths 0

Total Bedrooms 28

Electric On Property Y/N N

Above Grade Finished Area Source CRS

Total Baths 12

Exterior

Water Source Public

Lot Size Area 0.07

Spa N

Street Suffix Street

Lot Size Acres 0.07

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 4951

* Excluded Features

List By

Samantha Curry

Listing Agent

New Scotland Realty

Broker

(603) 209-1976

Phone

Samantha@newscotlanddev.com

Affordability Calculator

$6,479

Per Month

Monthly Principal & Interest: $4,785
Monthly Property Taxes: $1,693
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Albany, NY

Average List Price ^$420,784

Percent of Sale Price 42%

About Albany, NY

99,338 Population

4% Since 2002

^$44,478 Median Income

33.63 Median Age

18% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

853463 Elementary School

853351 Middle School

Albany High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/26/2023	$720,000		Listed Price

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49-51 Broad Street, Albany, NY, 12202 is a Multi-Family Home for sale at $720,000 with 11,040 sqft and a lot size of 0.07. 49-51 Broad Street has 28 bedrooms, 12.0 baths, and was built in 1940. The property's zip code is 12202 which is in Albany, NY

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from The Internet Data Exchange Program of ©2019 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 is updated as of 6/9/2024.

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49-51 Broad Street

Multi-Family Home for sale in Albany, NY

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