Albany Metro Portfolio Albany Metro Area, NY

As exclusive agent, Cushman & Wakefield and Pyramid Brokerage Company are pleased to offer a 100% fee interest in the Albany Metro Portfolio for sale.

This rare portfolio offering presents the opportunity to acquire 997 apartments across 5 communities in the Albany Metro Area. Crestwood Townhomes is located in the city of Albany, while Foxrun Apartments and North Pointe Apartments are located in Clifton Park, and Hudson Pointe Apartments and Vandenburgh Place are located in Troy. These communities also all benefit from attractive long term debt with a 4.18% fixed rate loan through 2034.

Built between 1947 and 1993, the communities offer new ownership a predictable stable income stream with the option of considerable upside through renovation initiatives. Across the portfolio only 15% of the units have been renovated, leaving a sizable portion of the portfolio to be upgraded by the new owner.

The portfolio is in the Capital Region, which has proven to have stable apartment fundamentals as it combines a highly skilled workforce, numerous postsecondary and research institutions and a strong commitment by state and local governments to create a fertile ground for companies. The region is a global leader in the field of nanotechnology with ground-breaking research and development being conducted at the various Universities in the area.

To receive access to the online download center, please execute the confidentiality agreement. The property is being offered unpriced, and a call for offers will be announced at a later date.  

Investment Highlights