We are pleased to present an exceptional investment opportunity a fully leased, turnkey student housing portfolio in Albany, NY s desirable Pine Hills neighborhood.
| Website: | https://www.nestseekers.com/4203719 |
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| Address: | Albany, NY 12206 |
| Ownership: | For Sale |
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| Type: | Multi-Family |
Financials
Price:$10,500,000
Description
We are pleased to present an exceptional investment opportunity—a fully leased, turnkey student housing portfolio in Albany, NY’s desirable Pine Hills neighborhood. Priced at $10,500,000, this portfolio consists of 29 properties, 55 units, and 201 beds, strategically located between the University at Albany’s main and downtown campuses. With a proven rental income stream, one-year leases secured by personal guarantees (PGs), and recent capital improvements such as new roofs, high-efficiency Navien hot water systems, and gas boilers under 10 years old, this offering provides investors with a stable, low-maintenance asset in a high-demand student rental market. The properties are within walking distance to restaurants, bars, retail, and entertainment, making them highly desirable for students.
Albany’s off-campus student housing market continues to thrive due to limited new supply and increasing enrollment, positioning this portfolio as a highly competitive option. The financials will be provided only upon execution of a Non-Disclosure Agreement (NDA) and proof of funds submission.
Amenities
- Electricity Available
- Natural Gas Available
505 Park Ave, New York, NY 10022 Phone: +1 212-252-8772 Fax: +1 212-252-9347 | |
| Listing Courtesy of Triforce Commercial RE LLC | |