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Size: 1.62 Acres

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Mixed Use - Albany, NY

237 Western Ave, is 1.6+ acres of land located in the heart of Albany's Pine Hills neighborhood, located 0.2 miles from SUNY Albany's Downtown Campus. There have been 3 projects imagined by the current owner w/unit counts of 86, 99 and finally 145 units, with a mix of ground level commercial units, and residential units above. All projected builds include surface parking. The owner is willing to hold the note or JV w/a seasoned developer. Demo of 13 structures and Phase 1 Environmental are completed. The land is shovel ready with all architectural drawings, engineering reports, construction drawings & building permits in place before listing for sale. Details of most recently envisioned project; Full financial pro-forma showing yearly income of $2,401,963 and a Stabilized Value of $37.4m.

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Contact Seller

Madison Park Real Estate

Albany, NY

(518) 281-5336

Shane Mahar

Madison Park Real Estate
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Madison Park Real Estate, (518) 290-0116
Source: ListHub, MLS# 202518053
Listing status: Active
Listing last updated: June 23, 2025 at 4:03 PM
Listing last checked: August 12, 2025 at 4:30 AM
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