104-112 Erie Boulevard, Schenectady, NY

Building Size: 77,988 SF
Economics: $3,024,000

Description:

A fully approved 166-unit development opportunity spanning 4.08 acres in the heart of Downtown Schenectady! This prime multi-family project consists of two tax lots along Erie Boulevard and Edison Avenue, offering a rare investment opportunity in a rapidly growing area.

Key Features:

• 166 Residential Units Approved – Spanning four buildings with a thoughtfully designed site plan.
• Prime Location – Just steps from Rivers Casino, Mohawk Harbor, and vibrant downtown restaurant scene.
• Diverse Unit Mix – Plans include 1 to 4-bedroom apartments, catering to a wide range of tenants.
• Luxury Amenities – Features a swimming pool, dog park, fitness center, on-site café, and co-working space for a high-end residential experience.
• Opportunity Zone Benefits – Qualifies for the NYS Opportunity Zone Program, providing significant tax incentives.
• Historic Preservation Tax Credits – Eligible for additional financial incentives to maximize ROI.
• Expansive Parking – Large, dedicated parking lot to accommodate residents and guests.

This project presents an unmatched investment opportunity in one of Schenectady’s most sought-after locations.

Interested in this development opportunity or similar properties? Contact us today for detailed plans, approvals, and investment insights.