facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

1448 Saratoga Road

Updated Oct 28, 2024

Stuart Acquisitions Acquires Multifamily Property In Saratoga Springs For $14.2M
SOLDMultiFamily

Stuart Acquisitions Acquires Multifamily Property In Saratoga Springs For $14.2M

1448 Saratoga Road

$14,200,000

$105/SF

Building Size

135,000 SF

Asset Type

MultiFamily

Closing

Jul 14, 2022

About this deal

AI

Stuart Acquisitions, represented by Colin Stuart, has purchased a multifamily property located at 1448 Saratoga Rd in Saratoga Springs for a total of $14,200,000. This property consists of 72 units, with a price per unit of $197,222. The total square footage of the property is 135,000, resulting in a price per square foot of $105.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $14,200,000
  • Units: 72
  • Price per Unit: $197,222
  • Square Footage: 135,000
  • Price per Square Foot: $105
  • Buyer: Stuart Acquisitions - Colin Stuart
  • Date: 07/14/2022
  • Market: Saratoga Springs

Stuart Acquisitions, led by Colin Stuart, made this acquisition in the Saratoga Springs market. The deal marks another successful transaction for Stuart Acquisitions in expanding their multifamily portfolio. As one of the key individuals involved in the deal, Colin Stuart's expertise and representation were instrumental in the completion of this transaction.

Players

Ballston Spa MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Deal FAQ

About $105 per square foot on a published $14.2M for 135,000 square feet (2022).

Browse Ballston Spa multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.12%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets