Property Lookup
Property Lookup
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
The Largest CRE Database in the US with Over 1 Million Listings
Property profile & analytics

457 Leslie Rd Massena, NY 13662

  • Commercial real estate
  • 99,726 SF
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US63-4186355
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 457 Leslie Rd

Year built
1980
Property size
99,726 SF
Property type
Commercial real estate

Description

This exceptional investment opportunity presents a 90-unit apartment complex in Massena, NY, boasting a strong 6.87% cap rate. The property comprises twelve buildings totaling 99,726 square feet, strategically located within a quarter-mile radius. Currently, 94% occupied, the complex features 81 traditional apartments and nine units successfully operating as Airbnbs. Each unit includes modern amenities such as a washer/dryer, dishwasher, full-size refrigerator/freezer, range/stove, window A/C unit, and hot water tank. Many units feature luxury vinyl plank flooring and ample closet space, including numerous walk-in closets. Residents enjoy convenient access to on-site parking with 154 surface spaces and eight garage units. Two locations offer workout rooms for tenant use. The property benefits from all-electric units with individual meters, allowing tenants to pay utilities directly to the municipal provider at a low rate of 8.84 cents/kWh. Landlord responsibilities include water, trash, and sewer (where applicable), with 88 of the 90 units connected to public sewer. The asking price is $9,000,000, reflecting a price per square foot of $90.25. Built between 1980 and 2006, the complex has undergone significant capital expenditures in recent years, including roof replacements, kitchen renovations, siding upgrades, and flooring improvements. This well-maintained, family-owned property offers a compelling return on investment with its high occupancy rate and attractive amenities. The property's financial performance is further supported by a Net Operating Income (NOI) of $618,259. Detailed financial information is available upon request.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Massena
County
St. Lawrence
State
New York
Longitude
-74.8566644
Latitude
44.9462836
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message