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Corridor Ventures Purchases 74-Unit Multifamily Community From Blue Iron Development For $9.45M

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SOLD
$9,450,000

New York

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MultiFamily68,307 SF
Sold 05/15/2025
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Property Image
SOLD

Corridor Ventures Purchases 74-Unit Multifamily Community From Blue Iron Development For $9.45M

104 W Sunnyside Way

See Similar Deals
MultiFamily68,307 SF
Sold 05/15/2025
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$138
Total Square Footage:68,307 SF
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located at 104 W Sunnyside Way in Troy, New York. The asset encompasses 74 units and spans a total of 68,307 square feet. It was built in 2016 and was sold for a transaction amount of $9,450,000, which represents a price per unit of $127,702 and a price per square foot of $138.

Summary of transaction details:

Adirondack Capital Partners successfully facilitated this transaction, representing both the buyer, Corridor Ventures, and the seller, Blue Iron Development. The collaborative effort highlights the involvement of Michael Hunter Coghill as the broker overseeing the sale of Overlook Apartments.

Players

Michael Hunter Coghill
12 deals$433.8M volume(518) 428-4224
BROKER

Details

SOLD
IMAGE: Michael Hunter Coghill DATE: 5/15/2025 ADDRESS: 104 W Sunnyside Way MARKET: Troy ASSET TYPE: Multifamily BUYER: Corridor Ventures SELLER: Blue Iron Development BROKER: Michael Hunter Coghill - Adirondack Capital Partners (@AdkCaP) SALE PRICE: $9,450,000 UNITS: 74 ~ PPU: $127,702 SF: 68,307 ~ PPSF: $138 NOTE FROM BROKER: Adirondack Capital Partners is pleased to announce the successful sale of Overlook Apartments, a 74-unit multifamily community located in Troy, New York. ACP represented both the Seller, Blue Iron Development, and the Buyer, Corridor Ventures, in the transaction. The property, built in 2016, sold for $9,450,000.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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