Potsdam Portfolio 2 biens • Immeuble residentiel • À vendre 11 021 840 $ CAD • Potsdam, NY

New York Multifamily is pleased to present Meadow East (100 units) and Swan Landing (44 units) as a 144-unit value-add multifamily portfolio located in Potsdam, NY — a strong college town anchored by Clarkson University and SUNY Potsdam as well as St. Lawrence University and SUNY Canton (formerly Canton-ATC) located just 10 miles away in Canton, NY. Meadow East offers a mix of one-, two- and three-bedroom apartments on a spacious, landscaped campus with amenities such as a new fitness center, EV charging stations, and pet-friendly green space. Swan Landing features large two- and three-bedroom townhomes with in-unit laundry and private entries, situated along a scenic riverside.
Two-Property Portfolio
144 total units across two distinct assets: Meadow East features 100 garden-style apartments built in 1966 with a mix of 1BR, 2BR and 3BR layouts across 84,000 SF, while Swan Landing offers 44 large 2- & 3BR townhomes built in 1993 totaling 72,000 SF. This dual-asset configuration enables operational efficiency while offering diversification in unit type and target tenant profiles.
Attractive College Town Fundamentals
Located in Potsdam, NY, the portfolio is positioned in a stable, education-driven market with minimal new multifamily development. The local economy is underpinned by two universities, creating consistent rental demand within a walkable and amenity-rich environment that includes restaurants, shopping, and riverfront access.
Differentiated Unit Mix
Meadow East caters to students and professionals with traditional apartment layouts and campus-style amenities. Swan Landing provides townhome living ideal for upperclassmen, graduate students, and small families, offering private entries, larger square footages (1,530–1,830 SF), and direct access to outdoor space—features not commonly found in competing student housing.
Value-Add Upside
Across both properties, in-place rents remain below market, with Meadow East averaging $1,075/month and Swan Landing averaging $1,062/month. Light interior renovations, common area updates, and operational enhancements provide a clear path to rental growth and yield expansion. Over 50 Meadow East units are targeted for renovation with an average $15K per unit capex.
Attractive Going In Basis
Opportunity to acquire 144 units at a compelling per-unit basis well below replacement cost in a supply constrained, university driven market. Strong intrinsic value supported by existing income, with significant upside through value-add execution.