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Executive Summary

Triforce Commercial is pleased to present an exceptional investment opportunity—a fully leased, turnkey student housing portfolio in Albany, NY’s desirable Pine Hills neighborhood. Priced at $10,500,000, this portfolio consists of 29 properties, 55 units, and 201 beds, strategically located between the University at Albany’s main and downtown campuses. With a proven rental income stream, one-year leases secured by personal guarantees (PGs), and recent capital improvements such as new roofs, high-efficiency Navien hot water systems, and gas boilers under 10 years old, this offering provides investors with a stable, low-maintenance asset in a high-demand student rental market. The properties are within walking distance to restaurants, bars, retail, and entertainment, making them highly desirable for students.
Albany’s off-campus student housing market continues to thrive due to limited new supply and increasing enrollment, positioning this portfolio as a highly competitive option. The financials will be provided only upon execution of a Non-Disclosure Agreement (NDA) and proof of funds submission.

Property Facts

Price $14,381,955 CAD
Price / SF $234.93 CAD / SF
Sale Condition Bulk/Portfolio Sale
Cap Rate 8%
Sale Type Investment
Status Active
Number of Properties 29
Individually For Sale 0
Total Building Size 61,218 SF
Total Land Area 1.79 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
174-238 Quail St, Albany, NY 12203 Multifamily 10,000 SF 1900 -
261 Western Ave, Albany, NY 12203 Multifamily 3,600 SF 1900 -
219 Quail St, Albany, NY 12203 Multifamily 3,408 SF 1900 -
149 Western Ave, Albany, NY 12203 Multifamily 3,080 SF 1900 -
461 Hamilton St, Albany, NY 12203 Multifamily 2,907 SF 1900 -
527 Washington Ave, Albany, NY 12206 Multifamily 2,312 SF 1879 -
781 Lancaster St, Albany, NY 12203 Multifamily 2,300 SF 1940 -
549 Washington Ave, Albany, NY 12206 Multifamily 2,264 SF 1914 -
711 State St, Albany, NY 12203 Multifamily 2,112 SF 1924 -
171 Quail St, Albany, NY 12203 Multifamily 2,072 SF 1900 -
203 Partridge St, Albany, NY 12203 Multifamily 2,000 SF 1890 -
242 Ontario St, Albany, NY 12203 Multifamily 2,000 SF 1914 -
269 Ontario St, Albany, NY 12203 Multifamily 2,000 SF 1890 -
521 Hamilton St, Albany, NY 12203 Multifamily 1,998 SF 1890 -
512 Hamilton St, Albany, NY 12203 Multifamily 1,840 SF 1890 -
104 Bradford St, Albany, NY 12206 Multifamily 1,700 SF 1890 -
435 Partridge St, Albany, NY 12208 Multifamily 1,500 SF 1900 -
689 Myrtle Ave, Albany, NY 12208 Multifamily 1,200 SF 1900 -
871 Mercer St, Albany, NY 12208 Multifamily 1,200 SF 1900 -
471 Hamilton St, Albany, NY 12203 Multifamily 1,200 SF 1900 -
223 Quail St, Albany, NY 12203 Multifamily 1,200 SF 1900 -
240 Quail St, Albany, NY 12203 Multifamily 1,200 SF 1900 -
262 Ontario St, Albany, NY 12203 Multifamily 1,200 SF 1900 -
313 Ontario St, Albany, NY 12208 Multifamily 1,200 SF 1900 -
482 Yates St, Albany, NY 12208 Multifamily 1,200 SF 1900 -
508 Yates St, Albany, NY 12208 Multifamily 1,200 SF 1900 -
526 Yates St, Albany, NY 12208 Multifamily 1,200 SF 1900 -
523 Washington Ave, Albany, NY 12206 Multifamily 1,200 SF 1900 -
10 Benson St, Albany, NY 12206 Multifamily 924 SF 1892 -
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  • Listing ID: 34847244

  • Date on Market: 2025-02-16

  • Last Updated:

  • Address: University at Albany Off-Campus Student, Albany, NY

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