Listed by CBRE - Albany
$8,500,000
49 Mohawk Ave- Scotia Manor Complex
Details
APN 38.44-2-20.1
Property Type Multifamily
Sub Type Apartment Building
Square Footage 61,120
Units 51
Price per SqFt $139
Year Built 2013
Buildings 1
Stories 3
Acreage 1.700
Zoning General Business
Parking Spaces 60 spaces
Parking Per SqFt 0.98
Apartment Complex for Sale
Marketing description
CBRE Upstate NY has been retained as the exclusive broker for the sale of Scotia Manor, a three story, 51-unit multifamily property in suburban Glenville, New York. The property is located in the charming Village of Scotia, a part of the Town of Glenville and connected with the City of Schenectady by the Western Gateway bridge over the Mohawk River. The Village of Scotia is noted for beautiful parks and an active waterfront and is walkable with numerous local amenities. Mohawk Avenue is the main artery through the Village and has seen a resurgence in recent years.
Offered for sale at $8,500,000 this is an opportunity for an investment with upside potential.
Intersection of Mohawk Avenue and S. Ballston Ave
Investment highlights
- Below market rates- Currently under market rates by about 15%
- Demand for rental space - The property has consistently experienced high leasing demand, as evidenced by their continued leasing momentum and full occupancy.
- Opportunities for NOI growth - Modest operating adjustments (charging for parking, etc), would be consistent with competing properties and will result in a material increase in NOI.
- Access to local amenities - The property offers convenient access to many of the Village‘s amenities as well as numerous restaurants and services. In addition, Scotia Manor‘s proximity to Glenville and the businesses located there, provide an ongoing source of potential residents.
- 51 Total Units: 36 - 2 Bed/1 Bath Units & 15 - 1 Bed/1Bath Unit
- Elevator (1) Passenger
- Balcony/Terrace 24 Balconies/12 Terraces
- Sprinkler System Yes
Listing Contacts
Listed by CBRE - Albany
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Zoning
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View all 21 uses Last updated Apr 3, 2026 For deeper zoning details, reports are available at Zoneomics
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