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4 New Scotland Avenue, Albany, NY, 12208

6beds
3baths
0sqft
$399,000
--price/sqft
$2,985/moest. monthly cost
$119,400/yrincome needed

About This Home

Three family and Two lots available on New Scotland Ave near Albany Medical Center and Washington Park. Next to the hospital's billion dollar expansion, the new YMCA, CVS, Baldini's, Chipotle, Starbuck's and Panera. Residential or commercial opportunity or both. 365 new apartment across the street at premium rents. Off street parking. Unique opportunity.

Getting Around

87
WalkingVery Walkable
60
TransitGood Transit
61
BikeBikeable

Schools

4/10
Albany High SchoolGrades 9-121.0 mi

Construction

Condition

  • Year built: 1930

Materials

  • Construction materials: Clapboard

Type & Style

  • Home type: MultiFamily
  • Architectural style: Other
  • Property subType: Triplex,Multi Family

Interior

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Finished area below ground: 240
  • Finished area above ground: 1,680

Heating

  • Heating features: Hot Water

Interior Area

  • Total structure area: 0

Property

Details

  • Parcel number: 010100 76.23159
  • Attached to another structure: Yes
  • Special condition: Other

Features

  • Exterior features: None

Lot

  • Lot size: 1,306 sqft

Parking

  • Total spaces: 3

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Inland Flooding
Ice Storm
Lightning
Strong Wind
Tornado

FEMA Declared Disasters in Albany County and New York

Flood
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,017$24,204
Home Insurance *$157$1,884
Property Taxes $565$6,780
Electricity $246$2,954
Total$2,985$35,820
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$102,342/yr
40% on housing$89,550/yr
45% on housing$79,600/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: -5.7%
-5.7%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -4.0%
-4.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 12208$173
Albany County$195

vs Homes Sold Last Month

Median $/sqft

ZIP 12208$197
Albany County$223

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-01-15Listed for sale$399,000
2026-01-01Listing removed$299,000
2025-03-28Listed for sale$299,000
2025-03-05Listing removed$299,000
2024-09-04Listed for sale$299,000
2024-08-01Listing removed--
2024-07-10Price change$395,000
2024-04-19Listed for sale$475,000
2024-02-01Listing removed--
2023-10-27Price change$475,000
2023-06-13Listed for sale$595,000

For Sale by Agent

AgentMichael T McGovern
BrokerageNAI Platform LLC

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