Townhouse-Style Multifamily
For Sale
$3,550,000
1A-15H Brickyard Road, Stillwater, NY 12118
MULTI_FAMILY - Stillwater, NY
Property Size8,928 SF
Lot Size8.44 Acres
Price / SF$397.63
Days on Market17
Property Features for 1A-15H Brickyard Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi Residence
Bedrooms
32
Bathrooms
24
Full bathrooms
16
Half bathrooms
16
Rooms
Bedroom 14, Bedroom 9, Bathroom 27, Bedroom 31, Bathroom 21, Bedroom 15, Bathroom 22, Bathroom 28, Bedroom 29, Bathroom 12, Bathroom 4, Bathroom 23, Bedroom 1, Bedroom 21, Bedroom 27, Bedroom 7, Bedroom 10, Bathroom 6, Bedroom 30, Bedroom 32, Bathroom 13, Bedroom 8, Bathroom 20, Bedroom 26, Bathroom 19, Bedroom 23, Bathroom 18, Bedroom 2, Bedroom 6, Bedroom 17, Bathroom 9, Bathroom 15, Bedroom 19, Bedroom 5, Bathroom 11, Bedroom 20, Bathroom 3, Bathroom 17, Bedroom 4, Bedroom 11, Bedroom 25, Bathroom 30, Bedroom 22, Bathroom 1, Bathroom 29, Bedroom 24, Bathroom 2, Bedroom 28, Bathroom 5, Bathroom 25, Bedroom 16, Bathroom 32, Bathroom 26, Bathroom 8, Bathroom 10, Bathroom 14, Bedroom 3, Bedroom 13, Bathroom 7, Bathroom 24, Bedroom 12, Bathroom 16, Bathroom 31, Bedroom 18
Parking
32
Parking features
Open, Driveway, Garage, Off Street
Patio and Porch features
Porch, Deck
Fireplace
1
Elementary school district
Mechanicville
Middle school district
Mechanicville
High school district
Mechanicville
Directions
Rt 75 to Hurlin St, left on Stillwater Brickyard Rd
Standard status
Active
APN
415289 262.-1-1.111
Size
8,928 SF
Lot size
8.44 Acres
Taxes and HOA fees
Tax Annual Amount
39344
Utilities
Sewer type
Public Sewer
Heating system
Propane (Heating)
Cooling system
Central Air
Water source
Public
Amenities
private garage
hardwood floors
washer and dryer
balconies
front porches
Building Details
Year built
2018
Number of units
16
Flooring type
Hardwood
Building materials
Vinyl Siding
Roof type
Shingle
Listing Agency:
Julie & Co Realty LLC
(518) 350-7653
Listed By:
Amy Farchione-Sgromo · License #40SG0924936
(315) 863-2777
Added: Jul 15
Changed: Jul 27
Last Checked: Jul 31 at 1:06AM
MLS# 202621869
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
Gennaro Commons is an approved subdivision offering 40 townhouse-style units, with 16 units completed and 24 additional units approved and ready for permit issuance, for a total of 64 units. Each townhouse is designed with a private garage, hardwood floors, washer and dryer in each unit, and balconies and front porches. The development is listed as zoned for multi-residence use.
The site is located off Cold Springs Road and Brickyard Road in Mechanicville, slightly north of the city proper and bordering the Stillwater area. The surrounding area is described as providing convenient access to local industrial hubs, retailers, businesses, and manufacturers.
Financial projections provided for the 40 completed/approved units estimate potential annual income at approximately $700,000, with expenses projected below $300,000.
The site is located off Cold Springs Road and Brickyard Road in Mechanicville, slightly north of the city proper and bordering the Stillwater area. The surrounding area is described as providing convenient access to local industrial hubs, retailers, businesses, and manufacturers.
Financial projections provided for the 40 completed/approved units estimate potential annual income at approximately $700,000, with expenses projected below $300,000.
Key Highlights
- Approved subdivision with 40 townhouse‑style units in Mechanicville off Cold Springs Road and Brickyard Road
- 16 townhouse units are completed; 24 additional units are approved and ready for permit issuance
- Each townhouse includes a private garage plus balconies and front porches
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 | $225.0k | $25.20 |
| − Vacancy | −$9.4k | −$1.06 |
| EGI | $215.5k | $24.14 |
| − OpEx | −$97.0k | −$10.86 |
| NOI | $118.5k | $13.28 |
8,928 SF · lease $25.20/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.69M
$1.48M – $1.98M
NOI $118,545 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.67M
$2.34M – $3.12M
NOI $187,059 @ 7.0% cap · market cap 5.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
40
Residential units
Location Intelligence
Trade Area within ½ mile
142
Businesses Nearby
Explore this area
Business Placement
Demographics for 12118, NY
16,618
Population
8,079
Households
2.1
Avg Household Size
42
Median Age
33%
College-Educated
93%
High-School Grad
35.3 sq mi
ZIP Area
471
Density / Sq Mi
$91,182
Median Household Income
$54,079
Median Earnings
$1,105
Median Rent
$315,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Approved subdivision with 40 townhouse-style units near Cold Springs and Brickyard Roads, including 16 completed units.
Where is this apartment building located?
The property is located at 1A-15H Brickyard Road Stillwater, NY.
What is the asking price?
The asking price for this property is $3,550,000.
What are key features of this property?
This property features: Approved subdivision with 40 townhouse‑style units in Mechanicville off Cold Springs Road and Brickyard Road; 16 townhouse units are completed; 24 additional units are approved and ready for permit issuance; Each townhouse includes a private garage plus balconies and front porches
