90-Unit Multifamily Investment
For Sale
Contact for pricing
445 Leslie Road, Massena, NY 13662
90 units in 12 buildings with high occupancy.
Property SizeContact for details
Days on Market150
Property Features for 445 Leslie Road
General Information
Standard status
Active
Property subtype
Multifamily
Listing Agency:
CBRE | Syracuse
(315) 784-2524
Listed By:
Lawrence Papaleo · License #Associate Real Estate Broker
Source:
Cbre
Added: Mar 25
Changed: Aug 20
Last Checked: Aug 20 at 1:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Syracuse
Investment Insights
Based on property information with market context.
The Kaneb Apartments consist of twelve apartment buildings with 90 units on seven separate tax parcels. Eight units are currently offered as Airbnb rentals. There are 154 on-site parking spaces, plus eight garage units. The property has an occupancy average of approximately 94% over the past three years. The units are all electric, separately metered, and tenants pay their own utilities. Most units include a washer and dryer. Workout rooms are located at 2 Elizabeth Ave and 158 Highland Ave. Most units have been converted to LVP (luxury vinyl plank) flooring. The property is located in St. Lawrence County, a rural area of farms, forests and small towns, the largest county in New York State. The Village of Massena is located on the St. Lawrence River, which forms the boundary between the County and Ontario, Canada. St. Lawrence County is home to SUNY Potsdam and its Crane School of Music, Clarkson University, St. Lawrence University, SUNY Canton Technical College, and SUNY College of Environmental Science and Forestry's Ranger School near the Adirondack Park Hamlet of Wanakena. 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.
Key Highlights
- High Occupancy Rate: Averaging ±94% over the past three years.
- New Job Opportunities: The NYPA Alcoa agreement brings 50 new jobs and $145 million in upgrades.
- Separately Metered Electric Units: Tenants pay their own electric bills.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Explore this area
Business Placement
Demographics for 13662, NY
15,814
Population
7,785
Households
2
Avg Household Size
44
Median Age
24%
College-Educated
89%
High-School Grad
89.2 sq mi
ZIP Area
177
Density / Sq Mi
$56,987
Median Household Income
$38,535
Median Earnings
$712
Median Rent
$118,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - 90 units in 12 buildings with high occupancy.
Where is this apartment building located?
The property is located at 445 Leslie Road Massena, NY.
What are key features of this property?
This property features: High Occupancy Rate: Averaging ±94% over the past three years.; New Job Opportunities: The NYPA Alcoa agreement brings 50 new jobs and $145 million in upgrades.; Separately Metered Electric Units: Tenants pay their own electric bills.
