The listing includes the following properties:
* 111 Clinton Ave. - vacant building
* 113 Clinton Ave. - vacant lot
* 158 Clinton Ave. - vacant lot
* 168 Clinton Ave. - vacant building
* 177 Clinton Ave. - vacant building
* 189.5 Clinton Ave. - vacant lot
* 191 Clinton Ave. - vacant lot
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This portfolio offers a rare chance to acquire seven historic properties in the Arbor Hill Historic District along Clinton Avenue. The properties include 111, 113, 158, 168, 177, 189.5, and 191 Clinton Avenue, presented together as a single assemblage.
These well-positioned properties provide a great opportunity for seasoned and emerging developers, investors, affordable housing groups, community development corporations, institutional buyers, or kinship cooperatives and family real estate partnerships interested in helping revitalize one of Albany's established urban neighborhoods. This assemblage holds strong potential for residential rehab, affordable housing, mixed-income housing, or other redevelopment projects.
Investment highlights include:
- Seven historic properties sold as a single portfolio
- Prime location within the Clinton Avenue Historic District
- Possible eligibility for federal and New York State historic rehabilitation tax credits, depending on program requirements and approvals
- A chance to benefit from economies of scale through coordinated redevelopment
- Located in a neighborhood undergoing ongoing revitalization with promising long-term investment potential.
