About This Home
This 0-bedroom, 0-bathroom commercial at 201 Park Ave in Albany, NY is listed for $8,750,000 ($135 per sqft). Built in 1880, the home offers 65,000 sqft of living space on a 1.96 acres lot.
Key Features
- Built in 1880
- 1.96 acre lot
Property Details
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.
Monthly Cost Estimate
$46,797/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
201 Park Ave
Albany, NY 12202
Capitol Hill
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 201 Park Ave is listed at $8,750,000 ($135/sqft). The estimated monthly payment is $46,797 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1880, 1.96 acre lot.
This property is listed by Leah Witko and can be reached at 518-630-0360.