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650 W German St
Herkimer, NY 13350

$2,550,000 USD

Apartments For Sale  •  36,500 SF

Property Details

  • Property Type Apartments
  • Total Building Size 36,500 SF
  • Lot Size 1.2 AC
  • Building Class C
  • Year Built 1910
  • Cap Rate 10.53 %
  • Zoning C
0 Transit Score
69 Walk Score

Highlights

Student Housing Herkimer College
Restaurant on Premises Salvators

Financial Summary (Proforma)

Net Operating Income: $287,976 USD (2022)
Cap Rate: 10.53 %
Total Expenses: $93,844 USD

Major Tenants

Tenant SF Occupied Lease End Date
Scalise - Brookwood Apartments 500 SF

Amenities

  • 24 Hour Access
  • Laundry Facilities
  • Washer/Dryer
  • Heating
  • Eat-in Kitchen
  • Refrigerator
  • Sprinkler System
  • Range
  • Carpet
  • Wi-Fi
  • Community-Wide WiFi
  • Freezer

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 40
Type: Surface
Included in Rent: Yes
Ronald Scalise 315-796-4017 Scalise LLC
Ronald Scalise 315-796-4017 Scalise LLC