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.

FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

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

NEARBY AMENITIES

RESTAURANTS

Pancho's Mexican Restaurant Mexican $ 12 min walk
Dunkin' Cafe - 14 min walk

RETAIL

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

ZONING

Zoning Code PDD

SALE ADVISOR

SALE ADVISOR

(518) 879-1956
Contact
Zach Dorrough, Co-Owner
(518) 879-1956
Contact
Zach Dorrough is the Co-owner of Dorrough Construction and Blue Iron Development. He specializes in developing high-quality residential real estate projects in Upstate New York.
  • Listing ID: 34616344

  • Date on Market: 1/27/2025

  • Last Updated:

  • Address: 2 Donna Way, Troy, NY 12180