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2 - 10 S Central Avenue, Mechanicville

Excellent opportunity to acquire the historic Flanagan Block, an 11-unit multifamily investment in the heart of Downtown Mechanicville. Current ownership has completed improvements throughout the property, including facelifts to many units, while placing new tenants and strengthening the rent roll. Currently 10 of 11 units are occupied, with the vacant unit available for showings. The property features predominantly spacious 2-bedroom apartments and generates strong in-place income with additional upside. Units are separately metered for electric, paid by tenants, while landlord provides heat through natural gas boilers. Strong financials and rental history with approximately $138,450 NOI. Rent roll and financials available upon request.

19 Beds ⋅ 11 Baths ⋅ 202627584 MLS

Excellent opportunity to acquire the historic Flanagan Block, an 11-unit multifamily investment in the heart of Downtown Mechanicville. Current ownership has completed improvements throughout the property, including facelifts to many units, while placing new tenants and strengthening the rent roll. Currently 10 of 11 units are occupied, with the vacant unit available for showings. The property features predominantly spacious 2-bedroom apartments and generates strong in-place income with additional upside. Units are separately metered for electric, paid by tenants, while landlord provides heat through natural gas boilers. Strong financials and rental history with approximately $138,450 NOI. Rent roll and financials available upon request.

2 - 10 S Central Avenue, Mechanicville

34 William Street, Mechanicville

Turn Key Investment! Fully occupied. The old Saint Paul's building, converted into 15 High end apartments in late 2020. Combining the elegance of the 1920's with the style and comforts of the 21st century. Owner is the builder and can answer any questions. All new windows, doors, roof & Mechanicals. The Building was set up like a hotel with lots of common space, including: a lounge, banquet space, prep kitchen, rooftop terrace, private outdoor patios, gym, (2)offices, 12 storage units & room to add 4 more apartments, as well as plenty of off street parking. Each Unit runs independently, having their own electric, furnace & h2o heater. As well as washer and dryer, wifi thermostats, granite, SS appliances & much more. With a Cap Rate of nearly 9% it will not last long. CALL TODAY!

Turn Key Investment! Fully occupied. The old Saint Paul's building, converted into 15 High end apartments in late 2020. Combining the elegance of the 1920's with the style and comforts of the 21st century. Owner is the builder and can answer any questions. All new windows, doors, roof & Mechanicals. The Building was set up like a hotel with lots of common space, including: a lounge, banquet space, prep kitchen, rooftop terrace, private outdoor patios, gym, (2)offices, 12 storage units & room to add 4 more apartments, as well as plenty of off street parking. Each Unit runs independently, having their own electric, furnace & h2o heater. As well as washer and dryer, wifi thermostats, granite, SS appliances & much more. With a Cap Rate of nearly 9% it will not last long. CALL TODAY!

34 William Street, Mechanicville

1A-15H Brickyard Road, Mechanicville

Gennaro Commons is an approved subdivision featuring 40 approved high-end townhouse-style units with 24 additional units planned that will need final approvals making this a total of 64 units. . Located off Cold springs Road and Brickyard Road in Mechanicville, this development offers an exceptional residential experience slightly north of the city proper, bordering the charming area of Stillwater. This location seamlessly blends tranquility with convenience, as it is nearby major local industrial hubs, retailers, businesses, and manufacturers. Residents will enjoy the benefits of living in a serene environment while having easy access to urban amenities. There are a total 40 townhouse-style units of which 16 units are completed, and 24 units are approved and ready for permit issuance. Each townhouse is thoughtfully designed to offer modern comforts and style: Private garage for each unit, Hardwood floors throughout, Washer and dryer in each unit, balconies and front porches for relaxation The financial projections for Gennaro Commons are promising. The potential annual income from all 40 units is estimated at $700,000. With expenses projected to be below $300,000, the development offers a lucrative opportunity for investors and stakeholders. This community not only promises a high standard of living for its residents but also presents a sound investment in the thriving Mechanicville-Stillwater region.

32 Beds ⋅ 32 Baths ⋅ 202621869 MLS

Gennaro Commons is an approved subdivision featuring 40 approved high-end townhouse-style units with 24 additional units planned that will need final approvals making this a total of 64 units. . Located off Cold springs Road and Brickyard Road in Mechanicville, this development offers an exceptional residential experience slightly north of the city proper, bordering the charming area of Stillwater. This location seamlessly blends tranquility with convenience, as it is nearby major local industrial hubs, retailers, businesses, and manufacturers. Residents will enjoy the benefits of living in a serene environment while having easy access to urban amenities. There are a total 40 townhouse-style units of which 16 units are completed, and 24 units are approved and ready for permit issuance. Each townhouse is thoughtfully designed to offer modern comforts and style: Private garage for each unit, Hardwood floors throughout, Washer and dryer in each unit, balconies and front porches for relaxation The financial projections for Gennaro Commons are promising. The potential annual income from all 40 units is estimated at $700,000. With expenses projected to be below $300,000, the development offers a lucrative opportunity for investors and stakeholders. This community not only promises a high standard of living for its residents but also presents a sound investment in the thriving Mechanicville-Stillwater region.

1A-15H Brickyard Road, Mechanicville

300 Hudson Avenue, Mechanicville

Located on 3.42± acres in Stillwater's desirable T-4 zoning district, this property offers outstanding flexibility for residential, commercial, or mixed-use development. With approximately 392 feet of frontage on Hudson Avenue, the site provides strong visibility, easy access, and ample on-site parking. The parcel is mostly level, with a rear portion that slopes toward the riverfront, adding both character and future potential. Utilities include electricity, municipal water, and private sewer. Existing Improvements: Building #1: 3,192± SF showroom, office, and storage building. Building #2: 5,160± SF clear-span warehouse with four 16' overhead doors and a 26' peak height. Building #3: 2,528± SF two-story office building. T-4 Zoning Allows Uses Such As: Single-family homes, two-family residences, townhomes, multifamily housing, live-work units, retail, restaurants, offices, and personal service businesses. A rare opportunity for investors, developers, or owner-users seeking a highly visible property with versatile zoning and significant upside potential.

Located on 3.42± acres in Stillwater's desirable T-4 zoning district, this property offers outstanding flexibility for residential, commercial, or mixed-use development. With approximately 392 feet of frontage on Hudson Avenue, the site provides strong visibility, easy access, and ample on-site parking. The parcel is mostly level, with a rear portion that slopes toward the riverfront, adding both character and future potential. Utilities include electricity, municipal water, and private sewer. Existing Improvements: Building #1: 3,192± SF showroom, office, and storage building. Building #2: 5,160± SF clear-span warehouse with four 16' overhead doors and a 26' peak height. Building #3: 2,528± SF two-story office building. T-4 Zoning Allows Uses Such As: Single-family homes, two-family residences, townhomes, multifamily housing, live-work units, retail, restaurants, offices, and personal service businesses. A rare opportunity for investors, developers, or owner-users seeking a highly visible property with versatile zoning and significant upside potential.

300 Hudson Avenue, Mechanicville

2-10 S Central Avenue, Mechanicville

Introducing Flanagan Block, a landmark investment at 2-10 South Central Ave in Mechanicville. This distinguished 11-unit building comes to market at an attractive 8% cap rate with strong rental history and a quality rent roll w/increase potential. The 14,306 SF building features predominantly spacious two-bedroom layouts, has exceptional ''bones'' providing durability and low maintenance and also has an efficient set up for utilities. Each unit is separately metered for electric and all appliances and water heaters are electric (electric expense passed through to tenants). Two natural gas boilers provide heat for the building at the landlords expense. Public water and sewer. Financials and interior unit details available upon execution of NDA. This is a rare opportunity in a prime location.

21 Beds ⋅ 12 Baths ⋅ 202512539 MLS

Introducing Flanagan Block, a landmark investment at 2-10 South Central Ave in Mechanicville. This distinguished 11-unit building comes to market at an attractive 8% cap rate with strong rental history and a quality rent roll w/increase potential. The 14,306 SF building features predominantly spacious two-bedroom layouts, has exceptional ''bones'' providing durability and low maintenance and also has an efficient set up for utilities. Each unit is separately metered for electric and all appliances and water heaters are electric (electric expense passed through to tenants). Two natural gas boilers provide heat for the building at the landlords expense. Public water and sewer. Financials and interior unit details available upon execution of NDA. This is a rare opportunity in a prime location.

2-10 S Central Avenue, Mechanicville

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