Albany IDA Project Index
427 Washington Avenue
Project Number: 0101 21 03
Project Address: 427-237 Washington Avenue
Applicant Name: 427 Washington Avenue LLC
Owner(s): Edward Maitino
Developer: Edward Maitino
Project Description:
The project involves the construction of a 16,900 SF, 3½ story residential apartment building containing 16 units. The project will include four (4) one-BDRM, twelve (12) two-BDRM units & seven (7) off street parking spots. The structure will be built on two combined lots replacing a two family house and three (3) garages.
Approval Date: 11/21/2019
Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $544,025
Estimated Employment Impact: 85 Construction jobs and 0 full-time jobs created, 0 full-time retained
Project Documents
Project Documents
- Final Project Summary - 427 Washington Avenue, LLC
- Application - 427 Washington Avenue, LLC
- Project Benefit Analysis - 427 Washington Avenue, LLC
- PILOT Agreement - 427 Washington Avenue LLC
- Project Benefit Agreement - 427 Washington Avenue LLC
- Approving Resolutions - 427 Washington Avenue, LLC
Meeting Materials
- IDA Finance Committee Meeting Materials 09.11.19
- IDA Regular Board Meeting Materials 09.19.19
- IDA Finance Committee Materials 10.9.19
- IDA Board materials 10.17.19
- IDA FC materials 11.13.19
- IDA Board materials 11.21.19
Meeting Minutes
- IDA Finance Committee Meeting Minutes 9.11.19
- IDA Regular Board Meeting Minutes 9.19.19
- IDA Finance Committee Meeting Minutes 10.9.19
- IDA Regular Board Meeting Minutes 10.17.19
- IDA Finance Committee Meeting Minutes 11.13.19
- IDA Regular Board Meeting Minutes 11.21.19