REQUEST FOR PROPOSALS FOR THE PURCHASE OF 96 4TH AVE, ALBANY NY (BATHHOUSE #2)

The City of Albany is seeking proposals for the purchase and redevelopment of 96 4th Ave, Albany NY, also known as Bathhouse No. 2. The property is a 0.28-acre site with a building that was constructed in 1906. The city is looking for a buyer who can stabilize, restore, and redevelop the property. Proposers must submit a statement of qualifications, a development plan, and a purchase offer. The city will evaluate proposals based on factors such as the proposer's qualifications, the feasibility of the development plan, and the purchase offer. • The property is zoned Mixed-Use Community Urban (MU-CU) and has a tax ID of 76.73-2-46.1. • The building has been vacant since 2010 and requires significant renovation. • The city is looking for a buyer who can provide a comprehensive redevelopment plan that includes a construction budget, a business plan, and a pro-forma for post-acquisition. • The city reserves the right to accept or reject any proposal and to negotiate contract terms with the selected proposer.