2 Donna Way - Apartments FOR SALE


Troy, NY 12180
$11,000,000 USD
518-245-6083
2 Donna Way, Troy, NY for Sale
$11,000,000 USD
Apartments - FOR SALE
1/21
null | 5.75% Cap Rate

2 Donna Way
Troy, NY 12180


HIGHLIGHTS

  • Enclave at Duncan Meadows is a luxury, 50-unit multifamily complex featuring one- and two-bedroom apartments within 25 minutes of Albany.
  • Thoughtfully designed units feature large, spacious floor plans complete with granite countertops, modern appliances, and private balconies.
  • This well-maintained, 1031 exchange-eligible complex offers strong occupancy and upside potential in a thriving market with strong demographics.
  • Residents experience an amenity-rich community with a lounge room, fitness facility, a media room/theater, and more for a modern lifestyle.
  • Prime location near Hoosick Road/Route 7 retail, dining, and services, including Walmart, KeyBank, McDonald's, Burger King, and Country View Diner.
  • Situated in eastern New York with easy access to Interstate 787 and Routes 7 and 4, ensuring hassle-free connectivity for residents and commuters.

OVERVIEW

Enclave at Duncan Meadows, located at 2 Donna Way in Troy, New York, is an exceptionally maintained multifamily complex offering an elevated residential experience in the eastern part of New York State. The development comprises 50 units, a mix of luxury one- and two-bedroom apartments for rent. Residents enjoy thoughtfully designed interiors with hardwood and carpeted floors, modern appliances, granite countertops, and private balcony access. This amenity-rich community provides a range of on-site amenities, including a community room, fitness facility, and a media room/theater. Enclave at Duncan Meadows represents a strong history of high occupancy, with ample potential for rent growth, making the complex a prime investment opportunity. Further solidifying its value as an attractive multifamily asset, Enclave at Duncan Meadows is surrounded by approximately 297,645 individuals living within 10 miles of the property, representing an average household income that extends to nearly $90,000 annually. Strategically positioned near the Hoosick Road/Route 7 commercial corridor, residents enjoy easy access to essential retailers, restaurants, and services, such as Walmart, KeyBank, McDonald's, Burger King, and Country View Diner. Additionally, the nearby Brunswick Town Beach and Park offers scenic outdoor recreation opportunities. Enclave at Duncan Meadows sits in a prime location just 25 minutes north of Albany, with effortless connectivity to Interstate 787 and Routes 7 and 4. With 1031 exchange eligibility, Enclave at Duncan Meadows presents an outstanding opportunity for investors seeking to start or expand their portfolio in the Troy market with a stable, income-generating property in a thriving area.

FOR SALE DETAILS

PRICE

$11,000,000 USD

PRICE/SF

$220 USD /SF

# OF UNITS

50

PRICE/UNIT

$220,000

CAP RATE

5.75%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Enclave at Duncan Meadows

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2013

PARKING SPACES

120

LAND DETAILS

LAND ACRES

6.67 AC

LAND SF

290,545 SF

ZONING

PDD

APN/PARCEL ID

2200-091-6-18.115

ASK ABOUT THIS PROPERTY

Zach DorroughBlue Iron DevelopmentMore Info
518-245-6083

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Zach DorroughBlue Iron DevelopmentMore Info
518-245-6083

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.