1A-15H Brickyard Road, Mechanicville, NY 12118
1A-15H Brickyard Road, Mechanicville, NY 12118
1A-15H Brickyard Road, Mechanicville, NY 12118
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Listed by Amy Farchione-Sgromo • Julie & Co Realty LLC
$3,550,000
Est. payment /mo
32 Beds
32 Baths
8,928 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,928 sqft

Price per Sqft $397

MLS Listing ID 202621869

Bedrooms 32

Full Baths 16

Half Baths 16

HOA Y/N No

Year Built 2018

Annual Tax Amount $39,344

Lot Size 8.440 Acres

Acres 8.44

Property Sub-Type Multi Family

Source Global MLS

Property Description

Gennaro Commons is an approved subdivision featuring 40 approved high-end townhouse-style units with 24 additional units planned that will need final approvals making this a total of 64 units. . Located off Cold springs Road and Brickyard Road in Mechanicville, this development offers an exceptional residential experience slightly north of the city proper, bordering the charming area of Stillwater.
This location seamlessly blends tranquility with convenience, as it is nearby major local industrial hubs, retailers, businesses, and manufacturers. Residents will enjoy the benefits of living in a serene environment while having easy access to urban amenities. There are a total 40 townhouse-style units of which 16 units are completed, and 24 units are approved and ready for permit issuance.
Each townhouse is thoughtfully designed to offer modern comforts and style: Private garage for each unit, Hardwood floors throughout, Washer and dryer in each unit, balconies and front porches for relaxation
The financial projections for Gennaro Commons are promising. The potential annual income from all 40 units is estimated at $700,000. With expenses projected to be below $300,000, the development offers a lucrative opportunity for investors and stakeholders. This community not only promises a high standard of living for its residents but also presents a sound investment in the thriving Mechanicville-Stillwater region.

Location

State NY

County Saratoga

Zoning Multi Residence

Direction Rt 75 to Hurlin St, left on Stillwater Brickyard Rd

Interior

Heating Propane

Flooring Hardwood

Fireplaces Type Gas

Fireplace Yes

Exterior

Parking Features Off Street, Paved, Attached, Driveway, Garage, Garage Door Opener

Garage Spaces 16.0

Roof Type Shingle

Porch Deck, Front Porch

Building

Sewer Public Sewer

Water Public

Schools

School District Mechanicville

Others

Tax ID 415289 262.-1-1.111

Special Listing Condition Other

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Erin Steinbach

Erin Steinbach

+1(518) 222-6031

Lic. Associate R. E. Broker | License ID: 10301217507

Lic. Associate R. E. Broker License ID: 10301217507

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