Mixed Use building for sale Albany NY

579 New Scotland Ave New Scotland Avenue Albany, NY 12208

Albany
FOR SALE NNN Property
Property Type:
Mixed Use
Amount:
$700,000
Cap Rate:
0.00%
Last Verified:
Dec 11, 2023

3 store fronts with term lease and 1-4 bedroom apartment

Map of 579 New Scotland Ave New Scotland Avenue , Albany, NY, 12208

Presented by:
Coldwell Banker Commercial Prime Properties

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Leah Witko


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.