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51 South Pearl Street

51 South Pearl Street, Albany, NY 12207
Property in Downtown Albany
1 Units For Sale
Unit for sale at 51 S Pearl Street, Albany, NY 12207

$350,000

  • Commercial
  • 3,655 ft²
51 S Pearl Street, Albany, NY 12207 Listing by Joseph Cardinale

51 South Pearl Street in Albany, NY was first built in 1990 and is 34 years old. This has been categorized as a recreational property type. There are a total of 5 floors. 51 South Pearl Street has 541,564 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 322,344 square feet.

Learn more about the property and building on this page. 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 B. The condition of the building has been evaluated as good. 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, 51 South Pearl Street sold most recently in Oct 4, 2006 for a total of $12,875,000. If you work out the math, that's approximately a cost of $23.77 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $185,366 in taxes each year. 51 South Pearl Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $57,348,200. If we break it down further, the land itself was valued at $5,817,900. Improvements to the property, however, were assessed at a total of $51,530,300. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation.

This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20221107
11/07/2022
Loft
-
3655 ft²
$295,000
bedrooms
Loft
bathrooms
-
square feet
3655 ft²
-
-
-
Joseph P Cardinale
Howard Hanna

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Good
  • Building Quality: B
  • Floor Count: 5
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 322,344
  • Total Building Area: 541,564
  • Gross Building Area: 541,564
  • Building Area: 541,564
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 541,564
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Recreational
  • Land Acres: 7.4
  • Standard Land Use Code: Stadiums
  • County Land Use Code: Equipment / supplies

Ownership

  • Current Owner : COUNTY OF ALBANY
  • Previous Owner : SPECTRA ASSOCIATES
  • Ownership Rights Codes: Government
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Albany City School District
  • School Tax School District: ALBANY
  • Census Tract: 001100

Zoning

  • Zoning: C3

Geography

  • Account Number: 07601100010140010000
  • District: 010100
  • Section: 76.11
  • Parcel: 010100 76.11-1-14.1
  • Block: 1
  • Lot: 14.001
  • Municipality: ALBANY
  • Latitude: 42.6487
  • Longitude: -73.7553

    Address

  • Full Address: 51 S Pearl St
  • Address - House Number: 51
  • Street Direction: S
  • Address - Street Name: Pearl
  • Address - Suffix Type: St
  • State: NY
  • City Name: Albany
  • Carrier Code: C003
  • 4-Digit Zip Code: 1527
  • Zip Code: 12207

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $185,366
  • Tax Rate Code Area: 010100

    Market Valuation

  • Market Total Value: $80,965,975
  • Market Land Value: $8,213,892
  • Market Improvement Value: $72,752,083

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $57,348,200
  • Assessed Land Value: $5,817,900
  • Assessed Improvements Value: $51,530,300

    Sales

  • Current Sale Contract Date: Oct 04, 2006
  • Current Sale Recording Date: Oct 04, 2006
  • Current Sale Transaction ID: 1119163331
  • Current Sale Price: $12,875,000
  • Current Sale Document Type: Warranty Deed

About Downtown Albany



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Frequently Asked Questions

What neighborhood is 51 South Pearl Street located in?
The 51 South Pearl Street is a located in the neighborhood of Downtown Albany in Downtown Albany, Albany.
How many listings are currently for sale in 51 South Pearl Street?
There is a listing currently on the market for sale.
What is the average sales price for listings in 51 South Pearl Street?
The average sales price for units in 51 South Pearl Street is $350,000 , or $96/sqft. currently.

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