49 Mohawk Ave, Scotia, NY 12302

CBRE Upstate NY has been retained as the exclusive broker for the sale of Scotia Manor, a three story, 51-unit multifamily property in suburban Glenville, New York. The property is located in the charming Village of Scotia, a part of the Town of Glenville and connected with the City of Schenectady by the Western Gateway bridge over the Mohawk River. The Village of Scotia is noted for beautiful parks and an active waterfront and is walkable with numerous local amenities. Mohawk Avenue is the main artery through the Village and has seen a resurgence in recent years. Offered for sale at $8,500,000 this is an opportunity for an investment with upside potential. More Less Intersection of Mohawk Avenue and S. Ballston Ave BELOW MARKET RATES- Currently under market rates by about 15% DEMAND FOR RENTAL SPACE - The property has consistently experienced high leasing demand, as evidenced by their continued leasing momentum and full occupancy. OPPORTUNITIES FOR NOI GROWTH - Modest operating adjustments (charging for parking, etc), would be consistent with competing properties and will result in a material increase in NOI. ACCESS TO LOCAL AMENITIES - The property offers convenient access to many of the Village‘s amenities as well as numerous restaurants and services. In addition, Scotia Manor‘s proximity to Glenville and the businesses located there, provide an ongoing source of potential residents. 51 Total Units: 36 - 2 Bed/1 Bath Units & 15 - 1 Bed/1Bath Units