Townhome-Style Multifamily
1A Brickyard Road Saratoga Springs, NY 12118
New
1A Brickyard Road, Saratoga Springs, NY, 12118
$3,550,000
For Sale
$3,550,000
MULTI_FAMILY - Saratoga Springs, NY
Property Size8,928 SF
Lot Size8.44 Acres
Price / SF$397.63
Days on Market3
Property Features for 1A Brickyard Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi Residence
- Bedrooms
- 32
- Bathrooms
- 24
- Rooms
- Bedroom 8, Bedroom 10, Bathroom 10, Bathroom 22, Bedroom 25, Bedroom 1, Bathroom 8, Bedroom 6, Bathroom 32, Bathroom 19, Bedroom 26, Bedroom 15, Bedroom 24, Bedroom 16, Bedroom 32, Bedroom 3, Bathroom 3, Bedroom 22, Bathroom 31, Bedroom 19, Bathroom 2, Bathroom 16, Bathroom 1, Bathroom 21, Bathroom 28, Bathroom 26, Bathroom 30, Bedroom 31, Bedroom 20, Bedroom 18, Bathroom 11, Bedroom 13, Bedroom 27, Bathroom 20, Bedroom 4, Bedroom 30, Bathroom 5, Bathroom 29, Bathroom 4, Bathroom 14, Bedroom 2, Bathroom 23, Bathroom 18, Bedroom 12, Bedroom 28, Bedroom 21, Bathroom 12, Bedroom 17, Bedroom 29, Bedroom 23, Bathroom 9, Bathroom 24, Bedroom 5, Bathroom 7, Bathroom 6, Bedroom 9, Bathroom 15, Bathroom 13, Bathroom 25, Bathroom 27, Bathroom 17, Bedroom 7, Bedroom 11, Bedroom 14
- Parking
- 32
- Parking features
- Driveway, Off Street, Open, Garage
- Patio and Porch features
- Porch, Deck
- Fireplace
- 1
- 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
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
18 Division St, Saratoga Springs, NY
Listed by
Amy Farchione-Sgromo · License #40SG0924936
(315) 863-2777
Added: Jul 15 Checked: Jul 17 at 7:06 pm
MLS# 202621869
Listing URL
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 planned as a 40-unit townhouse-style community under Multi Residence zoning. Sixteen units are completed, and an additional 24 units are approved and ready for permit issuance.
Each townhouse is designed with a private garage, hardwood floors, and an in-unit washer and dryer. Plans also include balconies and front porches for each unit.
The development is located off Cold Springs Road and Brickyard Road in the Mechanicville area of Saratoga County, with the property positioned slightly north of the city proper and bordering the Stillwater area. The seller’s financial projections estimate potential annual income from all 40 units at $700,000, with expenses projected below $300,000.
Each townhouse is designed with a private garage, hardwood floors, and an in-unit washer and dryer. Plans also include balconies and front porches for each unit.
The development is located off Cold Springs Road and Brickyard Road in the Mechanicville area of Saratoga County, with the property positioned slightly north of the city proper and bordering the Stillwater area. The seller’s financial projections estimate potential annual income from all 40 units at $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
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 | $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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Approved subdivision with 40 townhouse-style units, including 16 completed and 24 approved for permit issuance.
Where is this apartment building located?
The property is located at 1A Brickyard Road Saratoga Springs, 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
