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

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:

• Property Type: Multifamily
• Transaction Amount: Not disclosed
• Address: Meadow East Apartments - 118 Leroy Street
• Market: Potsdam
• Asset Size: 90,976 SF
• Brokerage Firm: Marcus & Millichap
• Broker Representatives: Seth Glasser, Michael (Mike) Fusco, and Matthew Gault

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.