2025-03 - Purchase of 56 Morton Avenue, Albany, New York 12202

The Albany Community Development Agency hereby requests bids from qualified buyers for the purchase of 56 Morton Avenue, Albany, New York 12202.
56 Morton Avenue is a two-family year-round residence with 0.03 acres and 22.02 feet of frontage with a lot depth of 66 feet. The Parcel is zoned MU-NE (Mixed Use, Neighborhood Edge). The permitted use table can be found here: https://ecode360.com/33430416#33430416. Deviations from the use table require a use variance from the Board of Zoning Appeals. The Tax Map Parcel I.D. is 76.56-2-18. The structure was constructed in 1856. The Property is located within District Five, located in the South End neighborhood. Details and restrictions within the overlay districts can be accessed at https://ecode360.com/33429953#33430066. Zoning overlays may restrict potential development activities. The purchaser should be familiar with these overlays. The appraised value of 56 Morton Avenue is $116,000. The land value is $44,800. The appraisal report is attached as part of this invitation for bids. This independent appraisal was obtained per the ACDA property disposition policy requirements.