90 Units - Kaneb Apartments Multi-Family FOR SALE


Massena, NY
$7,950,000 USD
315-530-0931
, Massena, NY for Sale
$7,950,000 USD
Multi-Family - FOR SALE
1/3
null | 7.46% Cap Rate

90 Units - Kaneb Apartments
Massena, NY


HIGHLIGHTS

  • Numerous CapEx recent improvements
  • Washer/dryers included in most units
  • All electric with utilities directly metered to tenants
  • Kitchens include dishwashers, garbage disposals, microwaves in most units
  • 8 garages provide additional income
  • Two gyms free to tenants

OVERVIEW

90 unit Kaneb Apartment, Massena NY. 81 units traditional apartments and nine are Airbnb. The unit are located in 12 buildings, all located within 1/4 mile of each other. Mutiple Cap Ex investments have been made into the properties in recent years, including: new roofs, new kitchens, siding, and floorings. Family owned and developed. Units are all electric with tenants directly metered. S E E O F F E R I N G M E M O R A N D U M for D E T A I L S Update: New Job Opportunities in Massena with NYPA Alcoa Agreement NYPA and Alcoa have agreed to a decade-long power contract that will usher in 50 additional jobs and $145 million in upgrades for the Massena plant—reinforcing its local importance and strengthening the area's economic stability. Alcoa’s Massena facility is a vital economic engine, being one of the longest continuously operating aluminum smelters in the world and a key employer in St. Lawrence County. The investment not only supports job growth but also signals a long-term commitment to the region’s industrial future.

ASK ABOUT THIS PROPERTY

Marty DowdCBRE Upstate NYMore Info
315-530-0931

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Marty DowdCBRE Upstate NYMore Info
315-530-0931

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