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: 425
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
Agent Name: Marianne Widmann
Agent Phone: (516) 551-0935
Agency Title: Coldwell Banker American Homes
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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 mariannewidmann.cbamhomes.com today.