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Albany IDA Project Index

427 Washington Avenue

Project Number: 1

Project Address: 437-27 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

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