Ridge Manor Court Ridge Manor Court 15 Unit Apartment Building $5,000,000 ($333,333/Unit) 5.07% Cap Rate Niskayuna, NY 12309

Positioned in one of the Capital Region’s most sought-after markets, this newer, fully occupied townhouse community offers a rare blend of immediate cash flow and long-term upside. Located in the highly desirable town of Niskayuna, the property benefits from proximity to major employers including Knolls Atomic Power Laboratory and GE Global Research—key drivers behind the area’s strong, stable tenant demand.
Set on a 3-acre parcel zoned for 30 units, this award-winning community currently features 15 modern townhomes constructed in November 2019. With 100% occupancy and a rigorously screened tenant base, the asset delivers immediate, reliable income supported by high-quality residents.
Each spacious unit offers:
3 bedrooms | 2.5 baths | attached garage
Open-concept layouts with 9-foot first-floor ceilings
Granite countertops & stainless steel appliances
Central air conditioning & Energy Star-rated systems
No carpeting for low maintenance and modern appeal
Private rear patios for every residence
Built with efficiency in mind, all units have passed blower door testing per NYSERDA standards, reinforcing long-term operational savings and tenant comfort. Buildings one and two feature desirable southern exposure.
Compelling Upside Potential
Investors will recognize immediate value-add opportunities through rental optimization, as well as significant long-term upside with the ability to expand to the full 30-unit zoning capacity.
Prime Regional Access
9.3 miles to Albany International Airport
23 miles to Saratoga Springs
55 miles to Lake George
Approximately 3 hours to Midtown Manhattan via rail
This is a rare opportunity to acquire a modern, high-performing asset in a supply-constrained market with strong economic fundamentals and built-in expansion potential.