{"id":124,"date":"2024-10-22T19:34:15","date_gmt":"2024-10-22T19:34:15","guid":{"rendered":"https:\/\/www.nmapartmentland.com\/?p=124"},"modified":"2024-10-22T19:34:15","modified_gmt":"2024-10-22T19:34:15","slug":"high-density-zoning-apartment-site-in-downtown-cbd-located-on-albuquerques-rail-trail-supports-100-units","status":"publish","type":"post","link":"https:\/\/www.nmapartmentland.com\/?p=124","title":{"rendered":"High density zoning apartment site in downtown CBD located on Albuquerque\u2019s rail trail supports 100 units"},"content":{"rendered":"\n

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NM Apartment Advisors and Maestas Real Estate Services are proud to offer 507 1st<\/sup> SW located in Albuquerque, NM. This property is 0.488 acres and is zoned Mixed Use High Intensity Zoning district.<\/p>\n\n\n\n

The current owner has plans for 100 Multi-family units on the site, with first floor parking, including a roof top deck amenity. The property is conveniently located directly west of the planned $70M Rail Trail, south of the Alvarado Transportation Hub, just southwest of the ABQ Innovation district, and north west of the under development NM Media Academy, and on the east side of the Central Business District.<\/p>\n\n\n\n

The asking price is $1,750,000, with a price per unit of $17,500, and a price per square foot of $82.33. Using price pre unit and recent comparable sales supports a value closer to $2,150,983.<\/p>\n\n\n\n

The full flyer and info at http:\/\/www.nmapartment.com\/apt\/NMAA-1st517SW.pdf<\/a><\/p>\n\n\n\n

Subject property might qualify for the first round of $30,000,000 of financing from the NMFA Opportunity Enterprise Housing Development Fund \u2013 applications are open from 9\/4 to 10\/16 \u2013 more info at <\/a>https:\/\/www.nmfinance.com\/opportunity-enterprise-housing-development-revolving-fund\/<\/a><\/p>\n\n\n\n

Qualified developers can register for additional information from the confidential document center by completing the online confidentially agreement at http:\/\/www.nmapartment.com\/Railyardflats<\/a><\/p>\n\n\n\n

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You can help address the current housing shortage – our market needs over 23,000 new rental units and until we build them, we will continue to be the #1 market in the country for rent growth.

Thanks,
Todd Clarke CCIM CIPS
CEO
NM Apartment Advisors Inc.
(505) 440-TODD

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And<\/p>\n\n\n\n


Anita Maestas<\/p>\n\n\n\n

Qualifying Broker & Owner<\/p>\n\n\n\n

Maestas Real Estate Services, Inc.<\/p>\n\n\n\n

505-463-3565<\/p>\n\n\n\n

anita@maestasrealty.com<\/a><\/p>\n\n\n\n

 Visit <\/a>http:\/\/www.nmapartmentland.com<\/a> for the latest information and listing.

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NM Apartment Advisors and Maestas Real Estate Services are proud to offer 507 1st SW located in Albuquerque, NM. This property is 0.488 acres and is zoned Mixed Use High Intensity Zoning district. The current owner has plans for 100 Multi-family units on the site, with first floor parking, including a roof top deck amenity. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-124","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.nmapartmentland.com\/index.php?rest_route=\/wp\/v2\/posts\/124","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nmapartmentland.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nmapartmentland.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nmapartmentland.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nmapartmentland.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=124"}],"version-history":[{"count":1,"href":"https:\/\/www.nmapartmentland.com\/index.php?rest_route=\/wp\/v2\/posts\/124\/revisions"}],"predecessor-version":[{"id":126,"href":"https:\/\/www.nmapartmentland.com\/index.php?rest_route=\/wp\/v2\/posts\/124\/revisions\/126"}],"wp:attachment":[{"href":"https:\/\/www.nmapartmentland.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nmapartmentland.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nmapartmentland.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}