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Executive Summary

Rare find! Completely renovated 11 years ago, this incredible building is fully rented and features 14 luxury apartments all with their own unique architectural details, and one large retail space with frontage on Washington Avenue, plus a large unfinished basement with even more investment potential. All apartments have hardwood floors, granite, dishwashers, private laundry, their own gas furnace and central air, hot water heater and electric panel. Large storage rooms for tenants both up and down. Shared lounge or gym space. Accessible lift to second floor. Secure entrances and lobby with intercom & updated security system. Potential rentable basement space up to fire code. Extremely attractive assumable Freddie Mac mortgage available until Dec. 31, 2029. Inquire for more details. Contact listing broker for Proforma. There is a tax abatement (pilot) for this building that will expire over the next 2 years. Assumable Freddie Mae mortgage of 4.39 is available for 1.6 million until Dec. 31, 2029.

Property Facts

Price $3,632,616 CAD
Price Per Unit $259,473 CAD
Sale Type Investment
No. Units 14
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Low-Rise
Building Class B
Lot Size 0.22 AC
Building Size 25,530 SF
No. Stories 2
Year Built/Renovated 1920/2014
Zoning C1 - Mixed

Amenities

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Disposal
  • Microwave
  • Washer/Dryer
  • Heating
  • Eat-in Kitchen
  • Kitchen
  • Hardwood Floors
  • Ice Maker
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Dining Room
  • Family Room
  • Island Kitchen
  • Smoke Free

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Smoke Free
  • Wi-Fi
  • Bicycle Storage

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 14 - -
Very walkable
80/100
Moderately drivable
60/100
Exceptional public transit
90/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
010100-065-080-0002-029-000-0000
Land Assessment
$204,975 CAD
Improvements Assessment
$3,088,574 CAD
Total Assessment
$3,293,549 CAD
  • Listing ID: 40879184

  • Date on Market: 2026-06-11

  • Last Updated:

  • Address: 260 Washington, Albany, NY 12210

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