Please check your inbox to complete the process.
Just click on the link in that email to complete your Sign up.
If you don’t see it, you may need to check your spam folder.
Email verification link expired
It seems that the verification link has expired.
No worries! We can send you a new link to email
Log In
Don't have an account?
Reset your password
New to PT Realty?
PT Realty
Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
Check your email
We've resent password reset instructions to if it is an email on file.
Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password.
If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.
This exceptional investment opportunity presents a 90-unit apartment complex in Massena, NY, boasting a strong 6.87% cap rate. The property comprises twelve buildings totaling 99,726 square feet, strategically located within a quarter-mile radius. Currently, 94% occupied, the complex features 81 traditional apartments and nine units successfully operating as Airbnbs. Each unit includes modern amenities such as a washer/dryer, dishwasher, full-size refrigerator/freezer, range/stove, window A/C unit, and hot water tank. Many units feature luxury vinyl plank flooring and ample closet space, including numerous walk-in closets. Residents enjoy convenient access to on-site parking with 154 surface spaces and eight garage units. Two locations offer workout rooms for tenant use. The property benefits from all-electric units with individual meters, allowing tenants to pay utilities directly to the municipal provider at a low rate of 8.84 cents/kWh. Landlord responsibilities include water, trash, and sewer (where applicable), with 88 of the 90 units connected to public sewer. The asking price is $9,000,000, reflecting a price per square foot of $90.25. Built between 1980 and 2006, the complex has undergone significant capital expenditures in recent years, including roof replacements, kitchen renovations, siding upgrades, and flooring improvements. This well-maintained, family-owned property offers a compelling return on investment with its high occupancy rate and attractive amenities. The property's financial performance is further supported by a Net Operating Income (NOI) of $618,259. Detailed financial information is available upon request.
Highlights
$9,000,000 asking price for a 90-unit apartment building in Massena, NY.
162 parking spaces (154 surface, 8 garage) are available.
All-electric units with individual meters; tenants pay utilities directly to the municipal utility at a low rate of 8.84 cents/kWh. Landlord pays water, trash, and sewer (where applicable).
88 of 90 units are connected to the public sewer system.
Each unit includes a washer/dryer, dishwasher, full-size refrigerator/freezer, range/stove, window A/C unit, and hot water tank. Two locations offer workout rooms.
Most units feature luxury vinyl plank (LVP) flooring and large closets, including many walk-in closets.
How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.