500 Park Ave Albany, NY 12208
Property details
About 500 Park Ave
IDEAL location! Corner of South Lake and Park Avenues. Steps to Albany Med, Albany Law, Albany pharmacy and more. 8 occupied apartments. Potential for 9th apt. or more. 3 car garage and 6+ parking spaces, room for more. Rents should be higher. All rents include heat, hot water, grounds maintenance, sewer, water, snow removal and trash. Tenants pay for electric and cooking gas. NEW roof! Several trees removed. NEW electrical boxes. Boiler 2010. Coin operated laundry in the basement. 3 apts. on the 1st Flr. 3 apts. on the 2nd Flr. 2 Apts on the 3rd Flr. Please see attached documents. SOLD ''AS IS''. A few cosmetic improvements will make this EXCELLENT investment shine!
Highlights
Summary
- MLS Number: 202511596
- MLS Name: Global MLS
- Office Name: CM Fox Real Estate
- Office Phone: (518) 861-7030
- Office Email: bhanley@cmfox.com
- Listing Agent: Carmella Richards
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
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Last updated on: 3/12/2025, 9:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$799,900
500 Park Ave
$9,499
closing credit¹
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0.5% sale price²
Price information
Property sales
Date | Event | Price |
---|---|---|
Mar 04, 2004 | Home Sold | $295,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2023 | $407,900 | $- |
2022 | $407,900 | $20,004 |
2021 | $407,900 | $20,004 |
2020 | $407,900 | $20,004 |
2019 | $407,900 | $21,030 |
2018 | $407,900 | $19,746 |
2017 | $407,900 | $19,304 |
History based on county public records data.
Nearby schools
5
New Scotland Elementary School
Public District PK-5
0.7 mi
•385 New Scotland Ave
5
Brighter Choice Charter School for Girls
Public Charter KG-5
0.7 mi
•250 Central Ave
6
Brighter Choice Charter School for Boys
Public Charter KG-5
0.8 mi
•116 N Lake Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $53,509. Typical income of Albany, NY residents is between $35k-100k annually. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.
Frequently asked questions
About 500 Park Ave
This home is located at 500 Park Ave in Albany, NY and zip code 12208 in the Pine Hills neighborhood. This 6,100 square foot home, which was built in 1900, sits on a 0.34 acre lot. Features: 11 bedrooms, 9 bathrooms. It has been listed on Rocket Homes since February 5, 2025 and is currently priced at $799,900.
Albany, NY housing market in February 2025 saw over 32 listings sold above listed price, more than 7 sold at listed price and over 34 sold below. In February 2025 in Albany, NY there were 20.5% less homes for sale than in January. Listings spent 38 days on the market in February 2025, and had a median list price of $294,571 during the same period.