Jacqueline Gabriele
10 Benson Street, Albany, (Call Listing Agent), NY, 12206
1900
We are pleased to present an exceptional investment opportunity—a fully leased, turnkey student housing portfolio in Albany, NY’s desirable Pine Hills neighborhood. Priced at $10,500,000, this portfolio consists of 29 properties, 55 units, and 201 beds, strategically located between the University at Albany’s main and downtown campuses. With a proven rental income stream, one-year leases secured by personal guarantees (PGs), and recent capital improvements such as new roofs, high-efficiency Navien hot water systems, and gas boilers under 10 years old, this offering provides investors with a stable, low-maintenance asset in a high-demand student rental market. The properties are within walking distance to restaurants, bars, retail, and entertainment, making them highly desirable for students. Albany’s off-campus student housing market continues to thrive due to limited new supply and increasing enrollment, positioning this portfolio as a highly competitive option. The financials will be provided only upon execution of a Non-Disclosure Agreement (NDA) and proof of funds submission.
Status:
Active
Town:
Albany
Type:
Commercial
Units:
55
Heating:
Forced Air
Cooling:
Central Air, Separate Meters
Basement:
See Remarks
Construction
Other
Utilities
Electricity Available, Natural Gas Available
Days on Market:
1
MLS #:
825042
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Triforce Commercial RE LLC 845-450-6500