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1606 Central Avenue

1606 Central Avenue, Albany, NY 12205
Property in Colonie
1606 Central Avenue in Albany, NY was first built in 1983 and is 41 years old. This has been categorized as a commercial property type. There are a total of 2 floors. 1606 Central Avenue has 58,067 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 139,392 square feet.

Learn more about the property and building on this page. There is a covered porch and a patio. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing oil. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1606 Central Avenue sold most recently in Jun 28, 2017 for a total of $3,275,000. If you work out the math, that's approximately a cost of $187.46 per sqft. Before that, the property was also sold for $4,050,000 in May 21, 2014. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $81,226 in taxes each year. 1606 Central Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $2,100,000. If we break it down further, the land itself was valued at $960,000. Improvements to the property, however, were assessed at a total of $1,140,000. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 3
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C
  • Floor Count: 2
  • Basement Type: Unfinished basement
  • Basement Area: 770
  • Parking Space Count: 0
  • Patio Type: Patio
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 139,392
  • Total Building Area: 17,470
  • Gross Building Area: 17,470
  • Building Area: 17,470
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 58,067
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Commercial
  • Land Acres: 3.2
  • Standard Land Use Code: Motel
  • Legal Description 1: N-CENTRAL A E-1602 S-14-07

Ownership

  • Current Owner : SAGAR N SHIV LLC
  • Previous Owner : ARYANA HOSPITALITY LLC
  • Owner Before Previous Owner: H B K CORP
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: South Colonie Central School District
  • School Tax School District: SOUTH COLONIE
  • Census Tract: 013901

Zoning

  • Zoning: 45

Geography

  • Account Number: 04100800020050000000
  • District: 012601
  • Section: 41.08
  • Parcel: 012601 41.8-2-5
  • Block: 2
  • Lot: 5.000
  • Municipality: COLONIE
  • Latitude: 42.7178
  • Longitude: -73.8344

    Address

  • Full Address: 1606 Central Ave
  • Address - House Number: 1606
  • Address - Street Name: Central
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Albany
  • Carrier Code: C002
  • 4-Digit Zip Code: 2404
  • Zip Code: 12205

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $81,226
  • Tax Rate Code Area: 012601

    Open Liens

  • Total Open Liens: 3
  • Total Open Liens Amount: $3,264,600
  • First Open Lien Mortgage Lender: ARYANA HOSPITALITY LLC
  • First Open Lien Mortgage Recording Date: Jul 07, 2017
  • First Open Lien Mortgage Loan Amount: $2,649,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Jul 07, 2047
  • Second Open Lien Mortgage Lender: THE MINT NATIONAL BANK
  • Second Open Lien Mortgage Recording Date: Jul 07, 2017
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $264,900
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Commercial
  • Second Open Lien Mortgage Loan Due Date: Jul 07, 2047
  • Third Open Lien Mortgage Lender: THE MINT NATIONAL BANK
  • Third Open Lien Mortgage Recording Date: Jul 07, 2017
  • Third Open Lien Mortgage Loan Amount: $350,700
  • Third Open Lien Mortgage Term: 360
  • Third Open Lien Mortgage Position: 3
  • Third Open Lien Mortgage Loan Type: Unknown (DEFAULT)
  • Third Open Lien Mortgage Loan Due Date: Jul 07, 2047

    Market Valuation

  • Market Total Value: $4,117,600
  • Market Land Value: $1,882,331
  • Market Improvement Value: $2,235,269

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,100,000
  • Assessed Land Value: $960,000
  • Assessed Improvements Value: $1,140,000

    Sales

  • Current Sale Contract Date: Jun 28, 2017
  • Current Sale Recording Date: Jul 07, 2017
  • Current Sale Transaction ID: 1732198363
  • Current Sale Price: $3,275,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: R2017-15661
  • Previous Sale Recording Date: Jun 18, 2014
  • Previous Sale Contract Date: May 21, 2014
  • Previous Sale Amount: $4,050,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ARYANA HOSPITALITY LLC
  • First Mortgage Transaction Date: Jul 07, 2017
  • First Mortgage Loan Amount: $2,649,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

About Colonie



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Frequently Asked Questions

What neighborhood is 1606 Central Avenue located in?
The 1606 Central Avenue is a located in the neighborhood of Colonie in Colonie, Albany.
What is the average sales price for listings in 1606 Central Avenue?
The average sales price for units in 1606 Central Avenue is $0 currently.

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