664 Central Avenue, Albany, NY 12206

664 Central Avenue is a two family building on Albany's primary commercial artery, with more than 24,000 vehicles passing daily and CDTA's busiest transit line at the door. Offered together with the adjacent mixed use building at 662 Central Avenue, the former Caffe Italia Ristorante, it completes a side by side package of four apartments and ground floor commercial space.

Both upper floor units need some TLC and the basement requires a complete remodel, giving an experienced investor a clear scope and the ability to set rents at today's market once the work is done. More than 20,900 residents live within one mile. Contiguous parcels on Central Avenue rarely come to market together; this is the opportunity to reposition both at once.