Access Due Diligence for 650 W German St. at https://bracketre.com/listing/d25df389-149f-4011-9bfc-eec5270e0419
Brookwood Apartments at 650 W German St. represents a premier student housing and mixed-use investment opportunity in the heart of Herkimer, NY. This 36,500-square-foot masonry asset is strategically positioned to capture the high-demand student market while offering a robust, diversified revenue model that provides significant protection against market volatility. The property’s core residential component is designed with a 57-bed capacity across 31 units, featuring a versatile mix of seven one-bedroom units, twenty-two two-bedroom units, and large-format three and four-bedroom floor plans.
Beyond the core residential income, the property functions as a true mixed-use hub, further stabilizing the cash flow through year-round commercial and amenity-based revenue. The building features an on-site restaurant currently under a monthly lease, serving as a "sticky" anchor amenity for the student residents while providing the owner with steady, non-enrollment-dependent commercial income. Additionally, the property includes a first-floor convenience store and specialized revenue streams tied to regional baseball lodging programs, laundry, and vending services.
From an operational standpoint, Brookwood Apartments offers superior fundamentals and significant value-add potential. The 1.15-acre site features a massive parking advantage with a 1.29/bed ratio (40 surface spaces), a key competitive edge in the suburban student housing market. The building itself is a well-maintained three-story masonry structure equipped with an elevator, 24-hour access, and master-metered utilities for streamlined management.
Access Due Diligence for 650 W German St. at https://bracketre.com/listing/d25df389-149f-4011-9bfc-eec5270e0419