201 Park Avenue, Albany, NY 12202

New - 26 Hours Ago

34 Total Photos [Click to View All]

Property Description

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.

201 Park Avenue | MLS# 202622274

This commercial property located at 201 Park Avenue, Albany, NY 12202 is currently listed for sale with an asking price of $8,750,000. Search Albany real estate on www.timberlandproperties.com today.

Gallery

Property Features

Property Type: Commercial - Investment
Cooling: Central Air, Wall Unit(s)
Heating: Electric, Heat Pump
Home Style: Commercial
Lot Size: 1.96 Acres
Stories: 5.0
Taxes: $104,210
Year Built: 1880

Feature Descriptions

Current Use: Apartment Plus, Multi-Family
Days on Site: 1
Exterior: Brick
Interior: Built-in Features
Lot Dimensions: 327x261
Parcel #: 010100 76.39-3-13
Parking: Metered, Off Street
Parking Total: 0
Security: Fire Sprinkler System
Sewer: Public Sewer
SQFT Building Total: 64934
Water: Public

Demographics

Listed By / Shown By

Listing By

Agency Name: Realty One Group Key
Agency Phone: 1 518-630-5360

Shown By

Agency Title: Timberland Properties
Agency Phone: 845-586-3321

IDX logo

Login to My Homefinder

Pixel