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Lenape at Glacier Falls 40 Academy St 29 Unit Apartment Building $1,900,000 ($65,517/Unit) 7.03% Cap Rate Liberty, NY 12754
Investment Highlights
- 5-Story Elevatored With Off-Street Parking Lot Included
- In Proximity To Downtown Main Street, Route 17, Route 52 & Route 55
- Under-Market Rents | Not Subject To Rent Stabilization
Property Facts Under Contract
| Price | $1,900,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $65,517 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.13 AC |
| Cap Rate | 7.03% | Building Size | 23,799 SF |
| No. Units | 29 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | C - Commercial | ||
| Price | $1,900,000 |
| Price Per Unit | $65,517 |
| Sale Type | Investment |
| Cap Rate | 7.03% |
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 1.13 AC |
| Building Size | 23,799 SF |
| No. Stories | 4 |
| Year Built | 1900 |
| Opportunity Zone |
Yes |
| Zoning | C - Commercial |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 29 | - | 600 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 3601-108-0-0010-005-000 | Improvements Assessment | $404,700 |
| Land Assessment | $18,000 | Total Assessment | $422,700 |
Property Taxes
Parcel Number
3601-108-0-0010-005-000
Land Assessment
$18,000
Improvements Assessment
$404,700
Total Assessment
$422,700
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Lenape at Glacier Falls | 40 Academy St
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