Dawn Homes Management Acquires 189 Unit Multifamily Property In Queensbury With Michael Hunter Coghill As Buyer's Representative
105 Needle Park Circle
Building Size
190,000 SF
Asset Type
MultiFamily
Closing
Oct 29, 2025
AI
The property involved in this transaction is a multifamily asset located at 105 Needle Park Circle in Queensbury, New York. This property consists of 189 units and spans a total area of 190,000 square feet.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Units: 189
- Square Footage: 190,000
- Market: Queensbury
- Buyer: Dawn Homes Management
- Buyer’s Representative: Michael Hunter Coghill - Adirondack Capital Partners
Adirondack Capital Partners successfully represented Dawn Homes Management in acquiring Whispering Pines Apartments, ensuring a smooth transaction process for the buyer.
Queensbury MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93