This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
1427 Saratoga Rd
Ballston Spa, NY 12020
Peak Point Apartment Residences · Multifamily Property For Sale
·
60 Units
Property Facts
| No. Units | 60 | Building Size | 58,015 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2014 |
| Building Class | A | Parking Ratio | 2.31/1,000 SF |
| Lot Size | 4.00 AC | ||
| Zoning | R-14 | ||
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | A |
| Lot Size | 4.00 AC |
| Building Size | 58,015 SF |
| Average Occupancy | 95% |
| No. Stories | 3 |
| Year Built | 2014 |
| Parking Ratio | 2.31/1,000 SF |
| Zoning | R-14 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Tile Floors
- Kitchen
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Sprinkler System
- Stainless Steel Appliances
- Tub/Shower
- Walk-In Closets
- Wi-Fi
- Grill
- Linen Closet
- Office
- Pantry
- Patio
- Recreation Room
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Controlled Access
- Clubhouse
- Fitness Center
- Elevator
- Walk-Up
About 1427 SARATOGA RD , BALLSTON SPA, NY 12020
Exit Realty Capitals Choice and Ten-X Commercial are pleased to present the opportunity to acquire Peak Point Apartment Residences, a Luxury living apartment community nestled in the woods of Ballston Spa, NY. This 60 unit low-rise apartment complex offers a grand clubhouse with community kitchen featuring Billiards, WiFi, cable TV, fitness area, card operated laundry with optional W/D hookups in each unit, outdoor BBQ station, fenced in dog park, central air, Adirondack seating area, and 16 garages plus 2 storage units. The property offers a variety of popular floor plans ranging from three different 1Bd/1Ba floorplans and also offering two large 2Bd/1Ba floor plans. Each unit is well appointed with sleek stainless steel appliances including dishwasher and microwaves, granite counters and tiles floors. Each living room and bedrooms have high pile carpets and large energy efficient windows providing excellent light and air. The bathrooms feature granite vanities, linen closets, and convenient shower benches. Some of the 1 Bd floor plans offer a bonus room that can be used as a home office, nursery, or additional bedroom. From an investor perspective, this asset is all about location, with close proximity to one the areas biggest employers (Global Foundries Chip Fab). The property has historically hovered around 3% vacancy. Cash flow and tenant inquiries are a non-issue and the property has been meticulously maintained throughout its ownership. Competitive financing in addition to a strong NOI will produce a substantial return for an investor looking for a luxury apartment asset making the Peak Point community a trophy in any investors portfolio. Call us today for more information and to schedule a private showing by appointment only.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 36 | $1,119 | 900 - 1,140 |
| 2+1 | 24 | $1,296 | 1,050 - 1,435 |
Property Taxes
| Parcel Number | 412089-228-000-0001-055-000-0000 | Improvements Assessment | $4,810,300 |
| Land Assessment | $299,300 | Total Assessment | $5,109,600 |
Property Taxes
