30K REDUCTION - Incredible investment opportunity to own two side-by-side solid brick Three-Family buildings (359 must be sold with 357 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. 359 is a 10.1 cap rate / 7.3 GRM. Pro-forma available upon request. $960,000 package price
Off market
Zestimate®
$294,500
359 Madison Ave, Albany, NY 12210
0beds
0baths
1,959sqft
SingleFamily
Built in 1851
2,090 Square Feet Lot
$294,500 Zestimate®
$150/sqft
$2,387 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
- Bathrooms: 0
Heating
- Other, Gas
Cooling
- None
Features
- Flooring: Hardwood
- Basement: Apartment
Interior area
- Total interior livable area: 1,959 sqft
Property
Features
- Exterior features: Brick
Lot
- Size: 2,090 sqft
- Features: Level
- Topography: Level
Details
- Parcel number: 0101007632361
Construction
Type & style
- Home type: SingleFamily
Materials
- brick
Condition
- Good, Very Good
- Year built: 1851
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Albany
Other
Other facts
- Sewer: Public Sewer
- WaterSource: Public
- Roof: Rubber
- Topography: Level
- HeatingYN: true
- Flooring: Hardwood
- Heating: Natural Gas, Hot Water
- RoomsTotal: 12
- PropertyCondition: Good, Very Good
- ConstructionMaterials: Brick
- LotFeatures: Level
- WaterSewerExpense: 1200
- StructureType: Multi Family
- ElectricExpense: 0
- InsuranceExpense: 1100
- GrossIncome: 39480
- Basement: Apartment
- AboveGradeFinishedAreaSource: reInsight/Public Info
- FuelExpense: 2300
- MlsStatus: Active-Under Contract