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445 Leslie Rd Massena, NY 13662

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90 units in 12 buildings with high occupancy.

Property Features for 445 Leslie Rd

General Information

Standard status
Active

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Listing Contact
Lawrence Papaleo
Lawrence Papaleo
Source: Cbre

Listing Agency: CBRE | Syracuse Listing Agent: Lawrence Papaleo

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

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Overview

90-Unit Multifamily Investment Opportunity

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.
Location Intelligence

Current Use by Public Records

Short term rental ...

Suggested Use

Restaurant Spa & Massage Center Hair Salon Nail Salon Auto Repair Shop Pharmacy Gym & Fitness Center Big Box & Wholesale Store Hotel & Motel Auto Parts Store

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

Location Insight

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  • Local Demand
City
Massena
County
St. Lawrence
State
New York
Longitude
-74.8558515
Latitude
44.9453096

FAQs

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 Rd 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.
More about this property
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