Ridge Manor Court - Apartments FOR SALE


Niskayuna, NY 12309
$5,000,000 USD
518-701-6542
Ridge Manor Court, Niskayuna, NY for Sale
$5,000,000 USD
Apartments - FOR SALE
1/32
null | 5.07% Cap Rate

Ridge Manor Court
Niskayuna, NY 12309


HIGHLIGHTS

  • Cul-de-sac location
  • Value Adds- Newer Construction, Increase rents possible-increase value, underdeveloped per current zoning
  • Award winning Schools

OVERVIEW

Positioned in one of the Capital Region’s most sought-after markets, this newer, fully occupied townhouse community offers a rare blend of immediate cash flow and long-term upside. Located in the highly desirable town of Niskayuna, the property benefits from proximity to major employers including Knolls Atomic Power Laboratory and GE Global Research—key drivers behind the area’s strong, stable tenant demand. Set on a 3-acre parcel zoned for 30 units, this award-winning community currently features 15 modern townhomes constructed in November 2019. With 100% occupancy and a rigorously screened tenant base, the asset delivers immediate, reliable income supported by high-quality residents. Each spacious unit offers: 3 bedrooms | 2.5 baths | attached garage Open-concept layouts with 9-foot first-floor ceilings Granite countertops & stainless steel appliances Central air conditioning & Energy Star-rated systems No carpeting for low maintenance and modern appeal Private rear patios for every residence Built with efficiency in mind, all units have passed blower door testing per NYSERDA standards, reinforcing long-term operational savings and tenant comfort. Buildings one and two feature desirable southern exposure. Compelling Upside Potential Investors will recognize immediate value-add opportunities through rental optimization, as well as significant long-term upside with the ability to expand to the full 30-unit zoning capacity. Prime Regional Access 9.3 miles to Albany International Airport 23 miles to Saratoga Springs 55 miles to Lake George Approximately 3 hours to Midtown Manhattan via rail This is a rare opportunity to acquire a modern, high-performing asset in a supply-constrained market with strong economic fundamentals and built-in expansion potential.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$196 USD /SF

# OF UNITS

15

PRICE/UNIT

$333,333

CAP RATE

5.07%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ridge Manor Court

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2019

PARKING SPACES

1

LAND DETAILS

LAND ACRES

3.04 AC

LAND SF

132,489 SF

ZONING

R3

APN/PARCEL ID

422400 40.5-1-21

ASK ABOUT THIS PROPERTY

Natalie TiberioRidge Manor Properties LLCMore Info
518-701-6542

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

Natalie TiberioRidge Manor Properties LLCMore Info
518-701-6542

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