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10 Benson St Albany, NY 12206

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For Sale
$10,500,000

Fully leased, turnkey student housing portfolio in Albany's Pine Hills.

Property Features for 10 Benson St

General Information

Property type
Commercial
Standard status
Active

Building Details

Year built
1900

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Listing Contact
Jason Horowitz
Jason Horowitz
Source: Elliman

Listing Agency: Triforce Commercial RE LLC Listing Agent: Jason Horowitz

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

Albany Student Housing Portfolio

This offering presents a fully leased, turnkey student housing portfolio located in the Pine Hills neighborhood of Albany, NY. The portfolio consists of 29 properties comprising 55 units and accommodating 201 beds. The properties are strategically situated between the University at Albany’s main and downtown campuses. The units benefit from one-year leases secured by personal guarantees. Recent capital improvements include new roofs, high-efficiency Navien hot water systems, and gas boilers under 10 years old. The properties are located within walking distance of restaurants, bars, retail establishments, and entertainment venues. The off-campus student housing market in Albany is thriving due to limited new supply and increasing enrollment. This portfolio is positioned as a competitive option in the area.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

Location Insight

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  • Local Demand
City
Albany
County
Albany
State
New York
Longitude
-73.7755344
Latitude
42.6645616

FAQs

What type of property is this?
Apartment building - Fully leased, turnkey student housing portfolio in Albany's Pine Hills.
Where is this apartment building located?
The property is located at 10 Benson St Albany, NY.
What is the asking price?
The asking price for this property is $10,500,000.
What are key features of this property?
This property features: - Fully leased, turnkey student housing portfolio with a proven rental income stream.; - Located in Albany, NY’s desirable Pine Hills neighborhood, strategically positioned between the University at Albany’s main and downtown campuses.; - Portfolio consists of 29 properties, 55 units, and 201 beds.
More about this property
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