Albany Student Apartments

For Sale

Various Addresses, Albany, NY 12206

This Albany property for sale is located at Various Addresses. The current listed sale price for Albany Student Apartments is $14,000,000.

Contacts

broker

Ken Wellar

GREA

(215) 454-2879

broker

Corey Lonberger

GREA

(215) 454-2878

broker

Steffan Ramos

GREA

(305) 999-5155

broker

Jeffrey Goldstein

GREA

(212) 765-7900

Property Details

Albany Student Apartments is a scattered site student housing portfolio in Albany, New York. The capital of the state of New York, Albany is situated roughly 140 miles north of New York City.

The 41 properties of this portfolio are situated in the Washington Square and Pine Hills neighborhoods in Albany contributing to operation efficiency and accessibility for both management and tenants. The properties accommodate students from several higher education institutions: The University at Albany - State University of New York, Rensselaer Polytechnic Institute (RPI), Russell Sage College, Albany Law School, and Albany College of Pharmacy and Health Sciences.

The off-campus portfolio comprises 41 houses, 76 units, and 281 beds. Some units have recently been renovated, including upgraded kitchens, hardwood floors, and bathrooms. The portfolio is currently 100% leased for the 2023-24 school year and in the pre-leasing phase for the 2024-25 school year. In addition, one commercial unit (office) at 495 Washington Avenue is leased to a cleaning service.

Boasting a diverse unit mix ranging from two-bedroom to six-bedroom units, this student housing portfolio presents a compelling investment opportunity for qualified investors to take advantage of a turnkey portfolio with upgraded units.

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Highlights

  • Scattered Portfolio: Comprising 41 Properties Located in the Washington Square and Pine Hills Neighborhoods of Albany, Contributing to Operational Efficiency and Accessibility for Management and Tenants
  • Versatile Unit Mix: Units Encompass 2-, 3-, 4-, 5-, and 6-Bedroom Layouts to Cater to a Wide Range of Student Preferences
  • Strategic Locations: Properties Positioned to Accommodate Students Attending Different Educational Institutions located in Albany
  • Enhanced Unit Features: Upgraded Kitchens, Hardwood Floors, and Renovated Bathrooms, Reflecting a Commitment to Providing Quality and Modern Living Spaces

Attachments

Getting around

  • 80/100

    Walk Score ®

  • 54/100

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  • 58/100

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Location

  • City Albany, NY
  • Neighborhood Pine Hills
  • Zip Code 12206

Points of Interest

  • Albany-Rensselaer

    2.40 miles

  • Rensselaer Rail Station Taxi Stand

    2.43 miles

  • Albany International Airport Taxi Stand

    6.32 miles

  • Mobil

    0.23 miles

  • Exxon

    0.70 miles

  • Mobil

    0.72 miles

  • Mobil

    0.85 miles

  • IBB Food Mart

    0.98 miles

  • Sunoco

    1.11 miles

  • ShopRite

    1.32 miles

  • Stewart's

    1.39 miles

  • Sunoco

    1.57 miles

  • Speedway

    1.58 miles

  • Capital District Psychiatric Center & Albany Medical Center Parking Garage

    0.29 miles

  • Parking Garage

    0.40 miles

  • 405 Myrtle Parking Garage

    0.47 miles

  • Albany Medical Center Parking Garage 60 New Scott

    0.52 miles

  • Albany Medical Center Parking Garage 40 New Scott

    0.57 miles

  • Sayles Gold Lot

    0.61 miles

  • Thurlow Terrace Parking Lot

    0.64 miles

  • Hawley Purple Lot

    0.75 miles

  • Elks Lodge Parking

    0.77 miles

  • St. Peter's - Main Parking Garage

    0.97 miles

  • Washington Park Inn

    0.45 miles

  • Hilton Garden Inn Albany Medical Center

    0.48 miles

  • TownePlace Suites Albany Downtown/Medical Center

    0.90 miles

  • Morgan State House Inn

    0.93 miles

  • Renaissance Albany Hotel

    1.50 miles

  • Motel 6

    1.60 miles

  • Hilton Albany

    1.61 miles

  • Hampton Inn & Suites Albany - Downtown

    1.66 miles

  • Fairfield Inn & Suites Albany Downtown

    1.67 miles

  • Albany Ramada Plaza

    1.70 miles

  • Market 32

    0.67 miles

  • Breakthrough African Market

    0.82 miles

  • Market 32 - Price Chopper

    0.93 miles

  • Save-a-Lot Food Stores

    1.13 miles

  • Save-A-Lot

    1.14 miles

  • Shop Rite

    1.46 miles

  • Honest Weight Food Co-op

    1.56 miles

  • Hannaford

    1.68 miles

  • Asian Food Market

    1.73 miles

  • Price Chopper

    1.89 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

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