282-332 Hamilton St @ S Swan St
Albany, NY 12210 Center Square

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