Enclave at Duncan Meadows 2 Donna Way
50 Unit Apartment Building $11,000,000 ($220,000/Unit) 5.75% Cap Rate Troy, NY 12180



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INVESTMENT HIGHLIGHTS
- Enclave at Duncan Meadows is a luxury, 50-unit multifamily complex featuring one- and two-bedroom apartments within 25 minutes of Albany.
- This well-maintained, 1031 exchange-eligible complex offers strong occupancy and upside potential in a thriving market with strong demographics.
- Prime location near Hoosick Road/Route 7 retail, dining, and services, including Walmart, KeyBank, McDonald's, Burger King, and Country View Diner.
- Thoughtfully designed units feature large, spacious floor plans complete with granite countertops, modern appliances, and private balconies.
- Residents experience an amenity-rich community with a lounge room, fitness facility, a media room/theater, and more for a modern lifestyle.
- Situated in eastern New York with easy access to Interstate 787 and Routes 7 and 4, ensuring hassle-free connectivity for residents and commuters.
EXECUTIVE SUMMARY
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.
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.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
---|---|---|
Gross Rental Income |
$99,999
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$9.99
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Other Income |
-
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-
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Vacancy Loss |
-
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-
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Effective Gross Income |
$99,999
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$9.99
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Taxes |
$99,999
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$9.99
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Operating Expenses |
$99,999
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$9.99
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Total Expenses |
$99,999
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$9.99
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Net Operating Income |
$99,999
![]() |
$9.99
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PROPERTY FACTS Under Contract
Price | $11,000,000 |
Price Per Unit | $220,000 |
Sale Type | Investment |
Cap Rate | 5.75% |
Sale Condition | 1031 Exchange |
Gross Rent Multiplier | 11.04 |
No. Units | 50 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Garden |
Building Class | C |
Lot Size | 6.67 AC |
Building Size | 21,941 SF |
No. Stories | 3 |
Year Built | 2013 |
Parking Ratio | 1.66/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Fireplace
- Washer/Dryer
- Heating
- Crown Molding
- Double Vanities
- Granite Countertops
- Hardwood Floors
- Stainless Steel Appliances
- Carpet
- Wi-Fi
SITE AMENITIES
- Business Center
- Fitness Center
- Security System
- Breakfast/Coffee Concierge
- Gameroom
- Grill
- Media Center/Movie Theatre
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
1+1 | 29 | - | 831 |
2+2 | 21 | - | 1,143 - 1,710 |
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NEARBY AMENITIES
RESTAURANTS |
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---|---|---|---|
Pancho's Mexican Restaurant | Mexican | $ | 12 min walk |
Dunkin' | Cafe | - | 14 min walk |
RETAIL |
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---|---|---|
Walmart | Dept Store | 11 min walk |
Trustco Bank | Bank | 12 min walk |
Price Chopper | Supermarket | 16 min walk |
HOTELS |
|
---|---|
Hilton Garden Inn |
127 rooms
6 min drive
|
Courtyard |
132 rooms
9 min drive
|
Best Western Plus |
85 rooms
10 min drive
|
Ascend Collection |
125 rooms
15 min drive
|
PROPERTY TAXES
Parcel Number | 2200-091-6-18.115 | Total Assessment | $1,188,150 (2023) |
Land Assessment | $145,845 (2023) | Annual Taxes | ($1) ($0.00/SF) |
Improvements Assessment | $1,042,305 (2023) | Tax Year | 2025 |
ZONING
Zoning Code | PDD |