Albany Student Apartments

Various Addresses, Albany, NY 12206

Albany Student Apartments is a scattered site student housing portfolio in Albany, New York. The capital of the state of New York, Albany is situated roughly 140 miles north of New York City.

The 41 properties of this portfolio are situated in the Washington Square and Pine Hills neighborhoods in Albany contributing to operation efficiency and accessibility for both management and tenants. The properties accommodate students from several higher education institutions: The University at Albany - State University of New York, Rensselaer Polytechnic Institute (RPI), Russell Sage College, Albany Law School, and Albany College of Pharmacy and Health Sciences.

The off-campus portfolio comprises 41 houses, 76 units, and 281 beds. Some units have recently been renovated, including upgraded kitchens, hardwood floors, and bathrooms. The portfolio is currently 100% leased for the 2023-24 school year and in the pre-leasing phase for the 2024-25 school year. In addition, one commercial unit (office) at 495 Washington Avenue is leased to a cleaning service.

Boasting a diverse unit mix ranging from two-bedroom to six-bedroom units, this student housing portfolio presents a compelling investment opportunity for qualified investors to take advantage of a turnkey portfolio with upgraded units.

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Attachments

Highlights

  • Scattered Portfolio: Comprising 41 Properties Located in the Washington Square and Pine Hills Neighborhoods of Albany, Contributing to Operational Efficiency and Accessibility for Management and Tenants
  • Versatile Unit Mix: Units Encompass 2-, 3-, 4-, 5-, and 6-Bedroom Layouts to Cater to a Wide Range of Student Preferences
  • Strategic Locations: Properties Positioned to Accommodate Students Attending Different Educational Institutions located in Albany
  • Enhanced Unit Features: Upgraded Kitchens, Hardwood Floors, and Renovated Bathrooms, Reflecting a Commitment to Providing Quality and Modern Living Spaces

Contacts

broker

Ken Wellar

GREA

(215) 454-2879

broker

Corey Lonberger

GREA

(215) 454-2878

broker

Steffan Ramos

GREA

(305) 999-5155

broker

Jeffrey Goldstein

GREA

(212) 765-7900

Location

Getting Around

  • Walk Score ®

    80/100 Very Walkable

  • Transit Score ®

    54/100 Good Transit

  • Bike Score ®

    58/100 Bikeable
Powered by Walk Score ®
  • City Albany, NY
  • Neighborhood Pine Hills
  • Zip Code 12206

Points of Interest

  • Albany-Rensselaer

    2.40 miles

  • Rensselaer Rail Station Taxi Stand

    2.43 miles

  • Albany International Airport Taxi Stand

    6.32 miles

  • Mobil

    0.23 miles

  • Exxon

    0.70 miles

  • Mobil

    0.72 miles

  • Mobil

    0.85 miles

  • IBB Food Mart

    0.98 miles

  • Sunoco

    1.11 miles

  • ShopRite

    1.32 miles

  • Stewart's

    1.39 miles

  • Sunoco

    1.57 miles

  • Speedway

    1.58 miles

  • Capital District Psychiatric Center & Albany Medical Center Parking Garage

    0.29 miles

  • Parking Garage

    0.40 miles

  • 405 Myrtle Parking Garage

    0.47 miles

  • Albany Medical Center Parking Garage 60 New Scott

    0.52 miles

  • Albany Medical Center Parking Garage 40 New Scott

    0.57 miles

  • Sayles Gold Lot

    0.61 miles

  • Thurlow Terrace Parking Lot

    0.64 miles

  • Hawley Purple Lot

    0.75 miles

  • Elks Lodge Parking

    0.77 miles

  • St. Peter's - Main Parking Garage

    0.97 miles

  • Washington Park Inn

    0.45 miles

  • Hilton Garden Inn Albany Medical Center

    0.48 miles

  • TownePlace Suites Albany Downtown/Medical Center

    0.90 miles

  • Morgan State House Inn

    0.93 miles

  • Renaissance Albany Hotel

    1.50 miles

  • Motel 6

    1.60 miles

  • Hilton Albany

    1.61 miles

  • Hampton Inn & Suites Albany - Downtown

    1.66 miles

  • Fairfield Inn & Suites Albany Downtown

    1.67 miles

  • Albany Ramada Plaza

    1.70 miles

  • Subway

    0.21 miles

  • Tipsy Moose Tap & Tavern

    0.25 miles

  • Domino's

    0.26 miles

  • Chicken Joes

    0.27 miles

  • Sake Cafe

    0.27 miles

  • Albany Ale and Oyster

    0.29 miles

  • The Fountain Restaurant

    0.29 miles

  • Kuma Ani

    0.30 miles

  • Navona

    0.30 miles

  • Madison's Pizza

    0.32 miles

  • Albany Medical College

    0.34 miles

  • College of Saint Rose

    0.35 miles

  • Sage College of Albany

    0.35 miles

  • Albany College of Pharmacy and Health Sciences

    0.39 miles

  • New Scotland Elementary

    0.45 miles

  • Albany Law School

    0.46 miles

  • LaSalle School

    0.57 miles

  • University at Albany - Alumni Quad

    0.57 miles

  • St. Catherine's Child Care Center

    0.65 miles

  • Albany Academy for Boys

    0.66 miles

  • Toyland Daycare Preschool

    0.91 miles

  • Blessed & Humble Daycare

    1.14 miles

  • Building 4: Campus Children's Center

    1.94 miles

  • School's Out Site

    2.66 miles

  • New Dreams Nursery School

    4.98 miles

  • Greenbush Child Caring

    5.67 miles

  • Viking Child Care Center

    5.94 miles

  • Littleminds

    6.19 miles

  • CEO Head Start and Early Head Start

    7.52 miles

  • Commission on Economic Opportunity Head Start

    7.61 miles

Frequently Asked Questions

What is the lease rate for Albany Student Apartments?

Rental asking rate at Albany Student Apartments is $7,000,000.00/YR.

What is the total square footage of Albany Student Apartments?

Albany Student Apartments totals 68,400 square feet.

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