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Albany College of Pharmacy Residence Hall 1 Notre Dame Dr

28 Unit Dormitory $6,953,166 CAD ($248,327 CAD/Unit) 9.62% Cap Rate Albany, NY 12208

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Executive Summary

Ready for operation as an existing student dormitory or for redevelopment.

Offering Memorandum 1 Notre Dame V.1.2

Flyer - 1 Notre Dame AP CT

Property Facts Under Contract

Price	$6,953,166 CAD	Building Class	B
Price Per Unit	$248,327 CAD	Lot Size	2.99 AC
Sale Type	Investment	Building Size	45,713 SF
Cap Rate	9.62%	Average Occupancy	0%
Sale Conditions	High Vacancy Property	No. Stories	8
No. Units	28	Year Built	1968
Property Type	Multifamily	Parking Ratio	1.95/1,000 SF
Property Subtype	Dormitory Office Office Residential	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Mid Rise

Price	$6,953,166 CAD
Price Per Unit	$248,327 CAD
Sale Type	Investment
Cap Rate	9.62%
Sale Conditions	High Vacancy Property
No. Units	28
Property Type	Multifamily
Property Subtype	Dormitory Office Office Residential
Apartment Style	Mid Rise
Building Class	B
Lot Size	2.99 AC
Building Size	45,713 SF
Average Occupancy	0%
No. Stories	8
Year Built	1968
Parking Ratio	1.95/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.