Basics
- MLS Number: 202500780
- Address: 282-332 Hamilton Street Albany, NY 12210
- Category: Unimproved Land
- Status: Commercial Sale
- Listing Category: Other
- Type: Commercial Sale
- Listing Type: For Sale
- Zoning: R-M and MU-NE
- Parking Spaces: 210
- Area, sq ft: 0 sq ft
- Available SF: 0
- Lot size, acres: 1.5 acres
- Road Frontage: 574
- Directions: Madison Ave to Lark St, north on Lark to Hamilton, east on Hamilton 1 block and the parking lot begins 3-4 buildings down Hamilton from Dove St.
- Date added: Added 6 days ago
Important Links
- Property Website: Hamilton Portfolio Website
Description
- Property Description: **Please check w/ LBO for possible changes to co-op compensation. Large 1.5-acre development site in Albany's Center Square neighborhood across from Robinson Square and Empire State Plaza. Currently operating as a fully leased 210-car parking lot, but R-M and MU-NE zoning will allow for 4-story multi-family development. Dimensional standards in both zones should allow for approx 196 new multi-family units and sloping site should enable parking under the new structure(s). See attached spreadsheet detailing pro forma development potential. Parking lot parcels include 282-332 Hamilton, 136-144 S. Swan, and land-locked rear of 367 Madison. **Can also be bought as a package with 7 townhouses across the street at 293-301 Hamilton and 305-307 Hamilton which includes a 30-car parking lot behind those 7 townhouses (MLS # 202500782).