Listed by Lee & Associates - New York
$2,200,000
Amsterdam Portfolio
Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 21,941
Units 17
Cap Rate 10.00%
NOI $219,022
Occupancy 100%
Year Renovated 2023
Buildings 8
Investment Type Stabilized
Multifamily | 10.00% CAP | 17 Units
Marketing description
Lee & Associates NYC is pleased to present exclusively for sale the portfolio of multifamily assets located in Amsterdam, New York 12010 (“the Portfolio”).
Located in Montgomery County, the Portfolio consists of 8 assets ranging in configurations from 1-Family to 4-Family buildings.
Newly renovated and 100% leased, the Portfolio represents the opportunity for an investor to step into existing cashflow with no deferred maintenance or additional capital requirements at an attractive yield.
Amsterdam, Located in Montgomery County, New York, Amsterdam is a vibrant city with a population of approximately 18,000 residents. It is part of the scenic Capital District, nestled in the Mohawk Valley, and offers a blend of historical charm and modern amenities. The city of Amsterdam has a median age of around 38 years, indicating a balanced mix of young families, working adults, and seniors. There are approximately 7,500 households in the city, with an average household size of 2.3 persons. Families constitute a significant portion of these households, although there is also a considerable number of individuals living alone, particularly among the older population.
Investment highlights
- 5 Phillips St, Amsterdam, NY 12010
- 5 Mcclellan Ave, Amsterdam, NY 12010
- 53 Academy St, Amsterdam, NY 12010
- 205 Church St, Amsterdam, NY 12010
- 2 Bayard St, Amsterdam, NY 12010
- 261 W Main St, Amsterdam, NY 12010
- 68 James St, Amsterdam, NY 12010
- 90 Forbes St, Amsterdam, NY 12010
Listing Contacts
Listed by Lee & Associates - New York
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$219,022.00
$18,251.83/mo
Valuation Metrics
0
DSCR
9.96%
Cap Rate
9.96%
ROI
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