90 Units - Kaneb Apartments — Sale in Massena, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Massena, NY 13662

Description

90 Units – Kaneb Apartments Massena, NY 90 Units – Kaneb Apartments consists of twelve apartment buildings on seven separate tax parcels. Eight units are currently offered as Airbnb. 154 on-site parking spaces, plus eight garage units. - 90 Units in 12 Buildings - 94% +- Occupancy Average Over Past Three Years - All Electric Units – Separately Metered and Paid by Tenants - Washer and Dryer for most units - Workout rooms located in 2 Elizabeth Ave and 158 Highland Ave. - Most units have been converted to LVP (luxury vinyl plank) flooring. Sale Price $7,950,000 / $88,333 per unit Cap Rate 7.46% Update: New Job Opportunities in Massena with NYPA Alcoa Agreement: NYPA and Alcoa have agreed to a decade-long power contract that will usher in 50 additional jobs and $145 million in upgrades for the Massena plant—reinforcing its local importance and strengthening the area's economic stability. Alcoa’s Massena facility is a vital economic engine, being one of the longest continuously operating aluminum smelters in the world and a key employer in St. Lawrence County. The investment not only supports job growth but also signals a long-term commitment to the region’s industrial future.

Market Context

This multifamily in Massena, NY is listed for sale. It has been on the market for 195 days. Compare it against other multifamily listings for sale in Massena, NY — view the full market.

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