This impressive portfolio consists of four multifamily apartment buildings and a well-established, highly successful restaurant & bar with a multi-tiered stone patio, gorgeous landscaping, a waterfall and two kitchens and dining areas.
377, 379, 381, 383 Congress Street, and 1300 15th Street, Troy, NY.
Purchase Price: $998,000
This one-acre property is located on the RPI university hill and is within blocks of its student union. The furnished apartments have been especially popular with RPI students, graduates, and professors.
Residents have the best of both worlds: urban city living with direct access to Troy's Prospect Park. Abundant hiking trails, tennis courts, a soccer field, picnic areas and other recreational pursuits are just across the street.
Seven Fully-Furnished Apartments with the Potential for Two More
This portfolio is located in an Opportunity Zone, which offers: temporary deferral of taxes on previously earned capital gains; basis step-up of previously earned capital gains invested; and permanent exclusion of taxable income on new gains.
A very substantial investment. The net benefit to investors or the impact is between 40% to 50% higher after-tax returns than a non-opportunity zone investment.
Deanna Dal Pos
Real Estate Salesperson
518 366 0920
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