Updated Oct 28, 2024
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
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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