BEDS0
BATHS
MLS#825042
STATUSActive
PROPERTY TYPECommercial -
Property Description
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.
Property Features
Property Type: Commercial -
Basement: See Remarks
Cooling: Central Air, Separate Meters
Heating: Forced Air
Taxes: $0
Year Built: 1900
Feature Descriptions
Building Area Total: 20000
Days on Site: 426
Exterior: Other
On Market Date: 2025-02-16
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Public Sewer
Units: 55
Utilities: Electricity Available, Natural Gas Available
Water: Public
Listed By / Shown By
Listing By
Agency Name: Triforce Commercial RE LLC
Agency Contact: 845-450-6500
Shown By
Agency Title: Joyce Realty
Agency Phone: (800-275-5692)
TOUR PROPERTY
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Corporate Headquarters
7 E Central Ave, Unit 15, Pearl River, NY 10965Phone: 800-ASK-JOYCE (800-275-5692)
Joyce Realty® and Logo are registered trademarks of US Patent & Trademark Office: Reg. No. 5,743,966-Ser. No. 88-0075,379. All rights reserved.
Disclaimer:
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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10 Benson Street | MLS# 825042
This commercial property located at 10 Benson Street, Call Listing Agent, NY 12206 is currently listed for sale with an asking price of $10,500,000. Search Call Listing Agent real estate on www.joycerealty.com today.