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Quiet Deal of the Week: Large Albany Rensselaer New York Apartment Complex – $30 Million
February 17, 2012 by Neil · Leave a Comment
If the link above does not work, please fill out this form to request more information on the off-market Albany Rensselaer New York Apartment Complex for sale – $30 Million.
Albany is the capital city of the U.S. state of New York, the seat of Albany County, and the central city of New York’s Capital District. Roughly 150 miles north of New York City, Albany sits on the west bank of the Hudson River, about 10 miles of its confluence with the Mohawk River. The population of the city was 97,856 at the time of the 2010 census. Albany has close ties with the nearby cities of Troy, Schenectady, and Saratoga Springs, forming a region called the Capital District. The bulk of this area is made up of the Albany-Schenectady-Troy Metropolitan Statistical Area (MSA). Its 2010 population was 870,716, the fourth-largest urban area in New York State and the 58th-largest MSA in the country
Albany’s neighborhoods are varied demographically, geographically, architecturally, and historically. Downtown Albany is the city’s oldest neighborhood, centered on State Street, one of Albany’s oldest streets and its original main street. Today downtown consists mostly of office buildings inhabited by state agencies. North and south of Downtown are old residential communities often consisting of row houses. North is Sheridan Hollow, Arbor Hill, and North Albany; to the south is the super-neighborhood of the South End, which consists of a multitude of smaller neighborhoods including the Mansion District, the Pastures, Kenwood, Groesbeckville, Delaware Avenue, and Krank Park. These neighborhoods tend to have more minorities and lower-income residents than the western, more suburbanized sections of the city.
Downtown is the Empire State Plaza, which effectively cuts Downtown off from the gentrified neighborhoods of Center Square, Hudson/Park, Lark Street, and Washington Park. Collectively referred to as mid-town, these neighborhoods are often compared to New York City’s Greenwich Village for their eclectic mix of residential and commercial uses, including bars, night clubs, restaurants, and unique stores. Albany’s gay culture is vibrant in this area. Nearby Park South, a nine-block area surrounding New Scotland Avenue is undergoing an urban renewal as existing housing units are removed or renovated and new office, commercial, and apartment buildings are added. New construction includes expansion of Albany Medical Center, one of the largest employers in Albany. Nearby is University Heights, a united campus consisting of Albany Medical Center Hospital, Albany Medical College, Albany Law School, Albany College of Pharmacy, and the Sage College of Albany.
Western neighborhoods, such as Pine Hills, Delaware Avenue, Whitehall, Helderberg, New Scotland, and Beverwyck, tend to have larger lots and more suburban surroundings. The eastern section of Pine Hills is a popular living choice for college students due to its proximity to the campuses of the College of Saint Rose and University at Albany. Further west, the neighborhoods become more affluent and are dominated almost exclusively by single-family dwellings. These neighborhoods, such as Melrose, Western Pine Hills, New Albany, Eagle Hill, Westland Park, Campus, and Buckingham Pond more closely resemble neighboring areas of the suburban towns than they do the downtown parts of the city. Further west is the W. Averell Harriman State Office Campus and the University at Albany’s main campus.
If the link above does not work, please fill out this form to request more information on the off-market Albany Rensselaer New York Apartment Complex for sale – $30 Million.
