Four-Building Multifamily
190 Ridge Street Glens Falls, NY 12801
190 Ridge Street, Glens Falls, NY, 12801
$2,290,000
For Sale
$2,290,000
Four multifamily buildings totaling 34 units, offering a mix of studios, one-bedroom, and two-bedroom apartments.
Property Size20,866 SF
Price / SF$109.75
Days on Market77
Property Features for 190 Ridge Street
General Information
- Standard status
- Active
- Size
- 20,866 SF
- Property subtype
- Multi Family / Multi Family
Building Details
- Year Built
- 1950
Listing agency
Weichert, Realtors - Tri-City Properties
(518) 253-8238
Listed by
Brent M Tague · License #10491201692
(518) 253-8238
Source
Compass
Added: May 7 Updated: Jul 21 at 7:49AM Checked: Jul 21 at 7:49AM
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 Weichert, Realtors - Tri-City Properties
Investment Insights
Based on property information with market context.
This for-sale portfolio includes four multifamily buildings totaling 34 units across the following addresses: 190 Ridge St. (9 units), 195 Ridge St. (17 units), 45 Williams St. (4 units), and 8 Lawton Ave. (4 units). The unit mix consists of 15 studios, 14 one-bedroom apartments, and 2 two-bedroom apartments.
The property is offered with the intent of providing immediate cash flow and value-add opportunities, with investors able to review the operating history and plan potential improvements. Please contact the listing agent to schedule showings.
The portfolio’s overall configuration is a multi-building residential income structure with a defined unit mix of studios, one-bedrooms, and two-bedrooms.
The property is offered with the intent of providing immediate cash flow and value-add opportunities, with investors able to review the operating history and plan potential improvements. Please contact the listing agent to schedule showings.
The portfolio’s overall configuration is a multi-building residential income structure with a defined unit mix of studios, one-bedrooms, and two-bedrooms.
Key Highlights
- 4‑building multifamily portfolio with 34 total units
- Unit mix includes 2 two‑bedroom apartments, 14 one‑bedroom apartments, and 15 studios
- Buildings at 190 Ridge St. (9 units), 195 Ridge St. (17 units), 45 Williams St. (4 units), and 8 Lawton Ave. (4 units)
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $333.0k | $15.96 |
| − Vacancy | −$16.7k | −$0.80 |
| EGI | $316.4k | $15.16 |
| − OpEx | −$142.4k | −$6.82 |
| NOI | $174.0k | $8.34 |
20,866 SF · lease $15.96/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.49M
$2.18M – $2.90M
NOI $174,004 @ 7.0% cap · market cap 7.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.25M
$5.46M – $7.29M
NOI $437,184 @ 7.0% cap · market cap 19.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Four multifamily buildings totaling 34 units, offering a mix of studios, one-bedroom, and two-bedroom apartments.
Where is this apartment building located?
The property is located at 190 Ridge Street Glens Falls, NY.
What is the asking price?
The asking price for this property is $2,290,000.
What are key features of this property?
This property features: 4‑building multifamily portfolio with 34 total units; Unit mix includes 2 two‑bedroom apartments, 14 one‑bedroom apartments, and 15 studios; Buildings at 190 Ridge St. (9 units), 195 Ridge St. (17 units), 45 Williams St. (4 units), and 8 Lawton Ave. (4 units)
