Albany, NY NAI Platform, a member of the world’s premier managed network of commercial real estate firms, represented the sale of 2028-2030 Central Ave. by Negri Et al. to Colonie Mini Mart LLC.
Approximately 1.5 acres of visible, high traffic count vacant land on Central Ave, the property has the correct zoning for the buyer’s intended use.
James “Jay” Verro, CCIM was the listing and selling agent of the transaction.
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,