10 Bruen Ct - Hospitality FOR SALE


Rensselaer, NY 12144
$2,500,000 USD
518-365-0990
10 Bruen Ct, Rensselaer, NY for Sale
$2,500,000 USD
Hospitality - FOR SALE
1/24
null | 8% Cap Rate

10 Bruen Ct
Rensselaer, NY 12144


HIGHLIGHTS

  • ±12,042 SF Extended stay hospitality building ±1,388 SF Duplex
  • 1926 Construction/Renovated 2016
  • Parking for approximately 30 vehicles with easy site access.
  • Sprinkler system, new furnace, bathrooms and showers updated in 2024. Hot water tank 2023.
  • Average Room Rental Rate: $857.50/ mo Typical Monthly Gross Income: $27,525 Typical Monthly Expenses: $13,137.92
  • Typical Occupancy: 90-100%

OVERVIEW

This offering presents a rare opportunity to acquire a hospitality investment asset in East Greenbush, New York. Positioned close to major employers and amenities, this property caters to both short-term and extended-stay guests across 30 rooms, each outfitted with a half bathroom. The asset underwent a renovation in 2016 and features a range of recently updated systems including new bathrooms, showers, hot water heating, and a modern sprinkler system. Common areas include two full bathrooms, two living rooms, a dining room, a commercial-grade kitchen, and a private courtyard, all designed to support high guest satisfaction. In addition to the primary ±12,042 SF building, the offering includes a ±1,388 SF duplex at 121 Columbia Turnpike, providing additional income potential. Parking for approximately 30 vehicles supports ease of access, and the property is situated less than half a mile from Regeneron, a major regional employer. This investment benefits from multiple income streams and operational flexibility, providing long-term upside in a growing submarket within the Capital Region.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$186 USD /SF

# OF ROOMS

34

PRICE/ROOM

$73,529 {currency}

CAP RATE

8%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Spaulding House

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1926

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

R-2

APN/PARCEL ID

2400-155.9-2-2

ASK ABOUT THIS PROPERTY

Dan SimpsonCBRE Upstate NYMore Info
518-365-0990

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Dan SimpsonCBRE Upstate NYMore Info
518-365-0990

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.