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Watertown Multifamily Portfolio- 52 Unit 4 Multifamily Properties Offered at $2,900,000 in Watertown, NY
Investment Highlights
- Strong value-add opportunity
- Attractive basis compared to replacement cost
- Diversified unit mix (Studios–3BR)
- $761,468 invested in capital improvements since 2020
- Strong military and healthcare-driven rental demand
Executive Summary
Cushman & Wakefield | Pyramid Brokerage Company has been retained to exclusively represent ownership (“Owner) in the sale of a 52-unit, 9 building, 6 property, multifamily portfolio in Watertown, New York (the “Property”).
Please reach out directly to receive the OM and financial pack.
Please reach out directly to receive the OM and financial pack.
Property Facts
| Price | $2,900,000 | Number of Properties | 6 |
| Price / SF | $66.09 / SF | Individually For Sale | 0 |
| Cap Rate | 8.10% | Total Building Size | 43,880 SF |
| Sale Type | Investment | Total Land Area | 1.78 AC |
| Status | Active |
| Price | $2,900,000 |
| Price / SF | $66.09 / SF |
| Cap Rate | 8.10% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 6 |
| Individually For Sale | 0 |
| Total Building Size | 43,880 SF |
| Total Land Area | 1.78 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Keyes Avenue Apartments
120 Keyes Ave, Watertown, NY 13601 |
Multifamily | 14,400 SF | 1950 | - |
| 140 High St, Watertown, NY 13601 | Multifamily | 14,007 SF | 1950 | - |
| 134 Keyes Ave, Watertown, NY 13601 | Multifamily | 8,607 SF | 1950 | - |
| 261 Ten Eyck St, Watertown, NY 13601 | Multifamily | 6,866 SF | 1880 | - |
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Contacts
-
Lucian Issa -
Robert Stewart -
Jonathan Weinstein -
Cushman and Wakefield/Pyramid Brokerage Company
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Watertown Multifamily Portfolio- 52 Unit
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