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

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:

• Property Type: Multifamily
• Transaction Amount: $9,450,000
• Units: 74
• Square Footage: 68,307
• Price per Unit: $127,702
• Price per Square Foot: $138
• Buyer: Corridor Ventures
• Seller: Blue Iron Development
• Broker: Michael Hunter Coghill - Adirondack Capital Partners
• Date of Sale: 5/15/2025

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.