Philip Wagner - Commercial Real Estate Showcase

Philip Wagner Property Listings
Realty USA
20 Aviation Rd
Albany, NY 12205-1130
(518) 378-5741
(518) 489-3507


DetailMap
10 Mill Lane - Green Oak Stockade View Apartments

Schenectady, NY 12305-2229 - Seward Place MF Submarket


Property Type:Multi-Family Number of Units:67 Status:Existing Year Built:1958
Stories:5 Building Size:62,522 SF Land Area:1.1 AC (47,916 SF)
For Sale Price:$5,500,000 Price/Unit:$82,089.55 Cap Rate:7.75 % GRM:-

Parking:.99 Parking Spaces / 1,000 SF


10 Mill Lane Apartments is comprised of 64 residential units and 3 commercial units. At nearly full occupancy, this property offers the investor an opportunity to obtain a residential apartment investment within 1/4 mile of Schenectady's Development and Revitalization Initiative.

Located in the heart of dowtown Schenectady. The property is within walking distance to many great amenities including theaters, restaurants and more. The major highway system for the Capital District is conveniently accessed via I-890, which is less than one quarter mile from the property.


Sale Notes:
64 UNIT APARTMENT BUILDING FOR SALE AT A 7.75% CAP RATE. RENTS RANGE FROM $850/MO TO $1250/MO. THERE ARE SMALL AND LARGE ONE AND TWO BEDROOM APARTMENTS. TENANTS PAY THEIR OWN HEAT AND ELECTRICITY. THIS PROPERTY INCLUDES TWO GROUND FLOOR OFFICE/RETAIL SPACES. PROFESSIONALLY MANAGED AND MAINTAINED WITH AN ON-SITE MANAGER'S OFFICE. CALL PHILIP WAGNER @ 5183785741 FOR COMPLETE DETAILS REGARDING THE INCOME AND EXPENSES.

DOWNTOWN SCHENECTADY NEAR RIVERS CASINO.

Realty USA
Philip Wagner
(518) 378-5741




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