For Sale
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Property summary
90 unit Kaneb Apartment, Massena NY. 81 units are traditional apartments and nine are Airbnb. The units are located in 12 buildings, all located within 1/4 mile of each other. Multiple Cap Ex investments have been made into the properties in recent years, including: new roofs, new kitchens, siding, and floorings. Family-owned and developed. Units are all electric with tenants directly metered. Please see the offering memorandum for more details. Update: New Job Opportunities in Massena with NYPA Alcoa Agreement 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. Alcoa’s Massena facility is a vital economic engine, being one of the longest continuously operating aluminum smelters in the world and a key employer in St. Lawrence County. The investment not only supports job growth but also signals a long-term commitment to the region’s industrial future.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Massena market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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