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118 Leroy Street

Marcus & Millichap Sells Meadow East Apartments In Potsdam New York For Value-Add Opportunity
SOLDMultiFamily

Marcus & Millichap Sells Meadow East Apartments In Potsdam New York For Value-Add Opportunity

118 Leroy Street

Building Size

90,976 SF

Asset Type

MultiFamily

Closing

Aug 6, 2026

AI

The asset involved in this transaction is a garden-style multifamily apartment community comprising 100 units, situated at 118 Leroy Street in Potsdam, New York. The property has a total square footage of 90,976 and presents a significant value-add opportunity requiring substantial capital improvements and a comprehensive repositioning strategy for the incoming ownership.

Summary of transaction details:

The New York Multifamily Group at Marcus & Millichap facilitated the transaction, emphasizing the unique value of the asset and the potential for enhancement under new ownership. They encourage interested parties to reach out to the deal team for further insights or asset evaluations.

Players

Matthew Gault

Marcus & Millichap

Broker

$25.9M

vol

4 deals

Broker

Potsdam 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93