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90 Units - Kaneb Apartments 2 Multifamily Properties Offered at $11,055,111 CAD in Massena, NY
Investment Highlights
- Numerous CapEx recent improvements
- All electric with utilities directly metered to tenants
- 8 garages provide additional income
- Washer/dryers included in most units
- Kitchens include dishwashers, garbage disposals, microwaves in most units
- Two gyms free to tenants
Executive Summary
90 unit Kaneb Apartment, Massena NY. 81 units traditional apartments and nine are Airbnb. The unit are located in 12 buildings, all located within 1/4 mile of each other. Mutiple Cap Ex investments have been made into the properties in recent years, including: new roofs, new kitchens, siding, and floorings. Family owned and developed. Units are all electric with tenants directly metered.
S E E O F F E R I N G M E M O R A N D U M for D E T A I L S
Update: New Job Opportunities in Massena with NYPA Alcoa Agreement
NYPA and Alcoa have agreed to a decade-long power contract that will usher in 50 additional jobs and $145 million in upgrades for the Massena plant—reinforcing its local importance and strengthening the area's economic stability. Alcoa’s Massena facility is a vital economic engine, being one of the longest continuously operating aluminum smelters in the world and a key employer in St. Lawrence County. The investment not only supports job growth but also signals a long-term commitment to the region’s industrial future.
S E E O F F E R I N G M E M O R A N D U M for D E T A I L S
Update: New Job Opportunities in Massena with NYPA Alcoa Agreement
NYPA and Alcoa have agreed to a decade-long power contract that will usher in 50 additional jobs and $145 million in upgrades for the Massena plant—reinforcing its local importance and strengthening the area's economic stability. Alcoa’s Massena facility is a vital economic engine, being one of the longest continuously operating aluminum smelters in the world and a key employer in St. Lawrence County. The investment not only supports job growth but also signals a long-term commitment to the region’s industrial future.
Data Room Click Here to Access
- Offering Memorandum
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual (CAD) |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
$99,999
|
| Vacancy Loss |
$99,999
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $11,055,111 CAD | Number of Properties | 2 |
| Price / SF | $73.52 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 7.46% | Total Building Size | 150,361 SF |
| Sale Type | Investment | Total Land Area | 124.72 AC |
| Status | Active |
| Price | $11,055,111 CAD |
| Price / SF | $73.52 CAD / SF |
| Cap Rate | 7.46% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 150,361 SF |
| Total Land Area | 124.72 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 445 Leslie Rd, Massena, NY 13662 | Multifamily | 120,361 SF | 1985 | - |
| 2 Elizabeth Ave, Massena, NY 13662 | Multifamily | 30,000 SF | 2006 | - |
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90 Units - Kaneb Apartments
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