c.1938 New York Starter Home For Sale $139,900
OHU50K Notes $139,900
Realtor Comments
Highest and best due Monday, 10/13, at noon. Fixer-upper with potential in the South Colonie School District- This 3-bedroom, 1-bath home can truly shine! Located in a convenient neighborhood, it features a spacious layout, first-floor laundry, and a partially finished basement with two forms of egress and a Bilco door-offering great potential for additional living space. Whether you’re an investor or a homeowner looking to build equity, this is a fantastic opportunity. Don’t miss out-schedule a showing today!
- 3 bed
- 1 bath
- Build date 1938
If interested in a property, pleases contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended.
161 Exchange St, Albany, NY 12205 $139,900
- Contact Realtor: Jules Paul
- Google Map
- Niche
Pros of Living in Albany, NY
Relative Affordability (for the Northeast / NY State Capital Region)
Housing is more affordable than what you’d find in NYC or many suburbs; median home sale prices are roughly $260‑$270K in many recent reports.
Rents are also more reasonable compared to big metro areas in the region.
Good Access to Outdoor & Cultural Amenities
Plenty of green spaces, parks, trails. Washington Park, the Albany Pine Bush, etc.
The Hudson River is nearby; being in the Capital Region gives access to natural beauty and recreation (hikes, skiing, lakes) within a reasonable drive.
Lots of local culture: museums, universities, events.
Seasonal Variety
Four distinct seasons: snowy, cold winters; pleasant springs and falls; warm summers. For those who like seasonal change, it can be a big plus.
Beautiful scenery in many seasons especially.
Decent Commuting / Regional Location
Commute times tend to be reasonable. If you live near or in the city, many amenities are accessible without extremely long drives.
Proximity to larger Northeastern cities (e.g. NYC, Boston) — you can travel to these for work or leisure without being based there.
Cons of Living in Albany, NY
Weather: Cold, Snowy Winters & Humid Summers
Winters are quite cold and snowy: average snowfall is ~59 inches/year. Snow storms can disrupt travel; long stretches of cold are common.
Summers can be humid; heat + humidity = discomfort
Crime Rates Above Average
Property crime and violent crime in Albany are higher than national averages. For example, violent crime is ~133% of the national average in some recent datasets.
Some neighborhoods are safer than others, so where you live matters a lot.
Taxes & Cost Pressures
Property taxes are relatively high.
Cost of living in general is above the U.S. average in many areas (groceries, utilities, etc.) though still better compared to some places in the NYC/metro region.
Recent studies say renters in the Capital Region need to work quite a bit more than full‐time just to afford rent, especially for 2‑bedroom units.
Public Transportation & Infrastructure Limitations
The public transit system (buses, etc.) has limited routes, less frequent service in off‑peak hours, etc. Many rely on cars.
Parking and traffic can be annoying, especially around downtown or during events.
Some Urban Decay / Disparities
There are parts of the city with derelict or abandoned properties. This can drag down neighborhoods and lower housing appeal in certain areas.
Income disparity, poverty in certain sections of the city is a concern.
Seasonal Cost Impacts & Utility Costs
Heating can be expensive in winter; the cold, long winters increase energy usage.
Also utility costs, food, etc., can be above average.
