Listed by CBRE - Albany
$2,500,000
10 Bruen Court
Details
APN 155.9-2-2; 155.9-2-1.2
Property Type Hospitality
Sub Type Hotel, Investment
NOI $200,000
Year Built 1926
Year Renovated 2016
Buildings 2
Zoning NR Neighborhood Residential NMU Neighborhod Mixed-use
Parking Spaces 30 spaces
Short term and Extended Stay Property for Sale
Marketing description
CBRE Upstate NY, as exclusive broker, is pleased to present to qualified investors the opportunity to acquire 10 Bruen Court in East Greenbush, NY -- an extended stay hospitality business with 30 rooms, each containing a half bathroom. Property previously operated as an assisted living facility and was renovated 10 years ago. Common areas include; six additional showers, two full bathrooms, two living rooms, a formal dining room, a fully equipped commercial kitchen and a private courtyard. All FF&E at 10 Bruen Court is included in purchase. Also included in the offering is 121 Columbia Turnpike, a ±1,388sf duplex.
Investment highlights
- ±12,042 SF Extended stay hospitality building ±1,388 SF Duplex
- 1926 Construction/Renovated 2016
- 30 rooms + Duplex
- ±30 parking spaces
- Sprinkler system updated in 2024
- Bathrooms and showers updated in 2024
- New furnace in 2024
- Hot water tank 2023
- Typical Occupancy: 90-100%
- Average Room Rental Rate: $857.50/ mo
- Typical Monthly Gross Income: $27,525
- Typical Monthly Expenses: $13,137.92
Listing Contacts
Listed by CBRE - Albany
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$200,000.00
$16,666.67/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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