1619 Fifth Avenue

Watervliet, NY

Albany County Land Bank3375 acStructure

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Location & enrichment

Property type: Structure
Flood zone: X
Lot size: 3375 ac
Nearest metro: 140.0 mi
Nearest airport: 5.1 mi
Assessed value (county): —
Area median home value: $170,500
Area pop. trend (5yr): -19%
Area median rent: —
Owner-occupied: —
Rental vacancy: —

Not investment advice. Verify eligibility, price, and restrictions with the source listing before acting. Imagery is approximate (parcel centroid). Inventory checked July 14, 2026.

How to buy from the Albany County Land Bank

The Albany County Land Bank is a public agency that resells government-owned property. Start from the source listing, confirm the parcel is still available, and follow the land bank's published application or offer process.

Albany County Land Bank profile →All Albany County Land Bank listings →How to buy land bank property in New York →

Quick deal check

Purchase priceRenovation budgetAfter-repair value

All-in $50,000 = 29% of ARV

Inside the 70% rule

ARV starts from the area's median home value (Census) — replace it with real comps before acting. The 70% rule: flippers target purchase + rehab ≤ 70% of ARV. Not financial advice.