11-21 Ashdown Rd - Apartments FOR SALE


Ballston Lake, NY 12019
$4,750,000 USD
315-720-5270
11-21 Ashdown Rd, Ballston Lake, NY for Sale
$4,750,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

11-21 Ashdown Rd
Ballston Lake, NY 12019


OVERVIEW

As exclusive agent, Cushman & Wakefield/Pyramid Brokerage Company is pleased to offer for sale a 30-Unit Value-Add Apartment Complex in Ballston Lake, New York (Saratoga County). Green Oaks Apartments is a 5-building, 30-unit multifamily complex, located at 11-21 Ashdown Road, Ballston Lake, New York 12019 (“the property”). Built in 1972, the unit-mix includes 25 two-bed/one-bath units and five one-bed/one-bath units. Twenty of the 30 units have received light touch renovations, but very few have been fully renovated, leaving tremendous value-add upside. Green Oaks Apartments are centrally located off Route 146, 5 minutes to I-87. Saratoga is one of the most affluent counties in Upstate, NY and the property is in a top rated and particularly desirable school district, resulting in a consistent waiting list of rental demand. For more information, please reach out directly to receive the NDA.

FOR SALE DETAILS

PRICE

$4,750,000 USD

PRICE/SF

$173 USD /SF

# OF UNITS

30

PRICE/UNIT

$158,333

CAP RATE

Request Cap Rate

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Green Oaks Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1972

PARKING SPACES

101

LAND DETAILS

LAND ACRES

4.5 AC

LAND SF

196,020 SF

ZONING

07

APN/PARCEL ID

412400-263-000-0002-078-000-0000

ASK ABOUT THIS PROPERTY

Jonathan WeinsteinCushman & Wakefield | Pyramid Brokerage CompanyMore Info
315-720-5270

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Jonathan WeinsteinCushman & Wakefield | Pyramid Brokerage CompanyMore Info
315-720-5270

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