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Brookwood Apartments 650 W German St 31 Unité Immeuble d’appartements 1 033 485 $ CAD (33 338 $ CAD/Unité) Herkimer, NY 13350
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Faits saillants de l'investissement
- https://bracketre.com/listing/d25df389-149f-4011-9bfc-eec5270e0419
- Diverse Income Model: Features a robust mix of residential, commercial, and amenity-based revenue streams, including a restaurant, convenience store,
- Opportunity Zone Benefits: Located within a designated Opportunity Zone, providing significant tax advantages for long-term investors
- Strategic Location: Centrally located in Herkimer, NY, specifically catering to the student population of nearby institutions like Herkimer CC
- High-Occupancy Infrastructure: A 36,500 SF masonry building with an elevator, 24-hour access, and a total capacity for 57 students.
- Parking Advantage: Features a 1.29/bed parking ratio (40 surface spaces), a rare and valuable competitive edge in the local student housing market
Résumé de l'annonce
Access Due Diligence for 650 W German St. at https://bracketre.com/listing/d25df389-149f-4011-9bfc-eec5270e0419
Brookwood Apartments at 650 W German St. represents a premier student housing and mixed-use investment opportunity in the heart of Herkimer, NY. This 36,500-square-foot masonry asset is strategically positioned to capture the high-demand student market while offering a robust, diversified revenue model that provides significant protection against market volatility. The property’s core residential component is designed with a 57-bed capacity across 31 units, featuring a versatile mix of seven one-bedroom units, twenty-two two-bedroom units, and large-format three and four-bedroom floor plans.
Beyond the core residential income, the property functions as a true mixed-use hub, further stabilizing the cash flow through year-round commercial and amenity-based revenue. The building features an on-site restaurant currently under a monthly lease, serving as a "sticky" anchor amenity for the student residents while providing the owner with steady, non-enrollment-dependent commercial income. Additionally, the property includes a first-floor convenience store and specialized revenue streams tied to regional baseball lodging programs, laundry, and vending services.
From an operational standpoint, Brookwood Apartments offers superior fundamentals and significant value-add potential. The 1.15-acre site features a massive parking advantage with a 1.29/bed ratio (40 surface spaces), a key competitive edge in the suburban student housing market. The building itself is a well-maintained three-story masonry structure equipped with an elevator, 24-hour access, and master-metered utilities for streamlined management.
Access Due Diligence for 650 W German St. at https://bracketre.com/listing/d25df389-149f-4011-9bfc-eec5270e0419
Brookwood Apartments at 650 W German St. represents a premier student housing and mixed-use investment opportunity in the heart of Herkimer, NY. This 36,500-square-foot masonry asset is strategically positioned to capture the high-demand student market while offering a robust, diversified revenue model that provides significant protection against market volatility. The property’s core residential component is designed with a 57-bed capacity across 31 units, featuring a versatile mix of seven one-bedroom units, twenty-two two-bedroom units, and large-format three and four-bedroom floor plans.
Beyond the core residential income, the property functions as a true mixed-use hub, further stabilizing the cash flow through year-round commercial and amenity-based revenue. The building features an on-site restaurant currently under a monthly lease, serving as a "sticky" anchor amenity for the student residents while providing the owner with steady, non-enrollment-dependent commercial income. Additionally, the property includes a first-floor convenience store and specialized revenue streams tied to regional baseball lodging programs, laundry, and vending services.
From an operational standpoint, Brookwood Apartments offers superior fundamentals and significant value-add potential. The 1.15-acre site features a massive parking advantage with a 1.29/bed ratio (40 surface spaces), a key competitive edge in the suburban student housing market. The building itself is a well-maintained three-story masonry structure equipped with an elevator, 24-hour access, and master-metered utilities for streamlined management.
Access Due Diligence for 650 W German St. at https://bracketre.com/listing/d25df389-149f-4011-9bfc-eec5270e0419
Faits sur la propriété
Commodités
Commodités des unités
- Laveuse/Sécheuse
- Chauffage
- Cuisine avec coin repas
- Réfrigérateur
- Système de gicleur
- Fourchette
- Tapis
- Wi-Fi
- Congélateur
Commodités du site
- Accès 24 heures
- Installations de lessive
- Wi-Fi communautaire
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 1+1 | 31 | - | - |
1 1
Assez practicable à pied
50/100
Exceptionnellement facile d'accès en voiture
100/100
Plutôt praticable en vélo
40/100
Impôts fonciers
| Numéro de lot | 213001-120-024-0002-009-000-0000 | Évaluation des bâtiments | 432 098 $ CAD |
| Évaluation du terrain | 112 106 $ CAD | Évaluation totale | 544 204 $ CAD |
Impôts fonciers
Numéro de lot
213001-120-024-0002-009-000-0000
Évaluation du terrain
112 106 $ CAD
Évaluation des bâtiments
432 098 $ CAD
Évaluation totale
544 204 $ CAD
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Brookwood Apartments | 650 W German St
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