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    2272 Route 9 Mechanicville, NY 12118

    Sponsored
    For Sale
    $3,080,000

    MULTI_FAMILY - Other - Malta, NY

    Lot size:
    6.44 Acres
    Days on Market:
    110
    Last Refresh:
    Jan 5 at 4:06 pm

    Property Features for 2272 Route 9

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    Multi Residence
    APN
    414089 240.-2-28.1
    Parking
    96
    Parking features
    Off Street, Garage
    Lot size
    6.44 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Water source
    Public

    Building Details

    Architectural style
    Other

    KW Platform (518) 724-5800 [email protected]

    Listing agent Patrick Dunn (518) 407-9834 License #10401288889

    Listing date Sep 18, 2025

    Copyright © 2025 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Approved Senior Apartment Development Site

    This is a fully approved 88-unit senior apartment development site, ready for immediate construction with all necessary permits secured. Situated on Route 9 in Malta, New York, the 6.44-acre property benefits from high visibility and traffic counts, offering convenient access to a major transportation corridor. It is located minutes from I-87 Exit 12 and approximately 15 minutes from Saratoga Springs. The site is positioned to meet the strong regional demand for senior housing. Complete site plans, engineering documents, and architectural drawings are included in the sale. Some site work has already been completed. The zoning is Multi Residence. This property presents a development opportunity in a desirable location within the Capital Region.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Senior housing facilities

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mechanicville
    County
    Saratoga
    State
    New York
    Longitude
    -73.791358
    Latitude
    42.949602

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    FAQs

    What type of property is this?
    Senior housing facility - Shovel-ready 88-unit senior housing development site in Malta, NY.
    Where is this senior housing facility located?
    The property is located at 2272 Route 9 Mechanicville, NY.
    What is the asking price?
    The asking price for this property is $3,080,000.
    What are key features of this property?
    This property features: - Fully approved and shovel-ready 88-unit senior apartment development with all permits in place for immediate development.; - Prime location on Route 9 in Malta with excellent visibility and immediate access to I-87 (Exit 12).; - Strong regional demand for senior housing, strategically positioned for success.
    (518) 407-9834
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    2272 Route 9 Mechanicville, NY 12118
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2272 Route 9 Mechanicville, NY 12118
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