90 Units - Kaneb Apartments 445 Leslie Road
Massena, NY 13662
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Multifamily For Sale - Available October 2024
90 Units – Kaneb Apartments Massena, NY
90 Units in 12 Buildings
±94% Occupancy Average Over Past Three Years
All Electric Units – Separately Metered and Paid by Tenants
Washer and Dryer for most units
Workout rooms located in 2 Elizabeth Ave and 158 Highland Ave.
Most units have been converted to LVP (luxury vinyl plank) flooring.
Get in touch
Lawrence Papaleo
Lic: Associate Real Estate Broker
Larry Van Der Bogart
Lic: Licensed Real Estate Salesperson
Martin Dowd
Lic: Associate Real Estate Broker
90 Units – Kaneb Apartments consists of twelve apartment buildings on seven separate tax parcels. Eight units are currently offered as Airbnb. 154 on-site parking spaces, plus eight garage units.
- 90 Units in 12 Buildings
- 94% +- Occupancy Average Over Past Three Years
- All Electric Units – Separately Metered and Paid by Tenants
- Washer and Dryer for most units
- Workout rooms located in 2 Elizabeth Ave and 158 Highland Ave.
- Most units have been converted to LVP (luxury vinyl plank) flooring.
Sale Price $7,950,000 / $88,333 per unit
Cap Rate 7.46%
Update: New Job Opportunities in Massena with NYPA Alcoa Agreement:
NYPA and Alcoa have agreed to a decade-long power contract that will usher in 50 additional jobs and $145 million in upgrades for the Massena plant—reinforcing its local importance and strengthening the area's economic stability. Alcoa’s Massena facility is a vital economic engine, being one of the longest continuously operating aluminum smelters in the world and a key employer in St. Lawrence County. The investment not only supports job growth but also signals a long-term commitment to the region’s industrial future.
- 90 Units in 12 Buildings
- 94% +- Occupancy Average Over Past Three Years
- All Electric Units – Separately Metered and Paid by Tenants
- Washer and Dryer for most units
- Workout rooms located in 2 Elizabeth Ave and 158 Highland Ave.
- Most units have been converted to LVP (luxury vinyl plank) flooring.
Sale Price $7,950,000 / $88,333 per unit
Cap Rate 7.46%
Update: New Job Opportunities in Massena with NYPA Alcoa Agreement:
NYPA and Alcoa have agreed to a decade-long power contract that will usher in 50 additional jobs and $145 million in upgrades for the Massena plant—reinforcing its local importance and strengthening the area's economic stability. Alcoa’s Massena facility is a vital economic engine, being one of the longest continuously operating aluminum smelters in the world and a key employer in St. Lawrence County. The investment not only supports job growth but also signals a long-term commitment to the region’s industrial future.
St. Lawrence County, a delightfully rural mix of farms, forests and small towns, is the largest county in New York State and the fifth largest United States county east of the Mississippi River. Village of Massena are located on the St. Lawrence. The beautiful St. Lawrence River forms the boundary between our County and our neighboring counties in Ontario, Canada. Lawrence County is home to SUNY Potsdam and its Crane School of Music, Clarkson University, St. Lawrence University, SUNY Canton Technical College, and SUNY College of Environmental Science and Forestry's Ranger School near the Adirondack Park Hamlet of Wanakena.
Sale Price
Contact Broker For Pricing
Get in touch
Lawrence Papaleo
Lic: Associate Real Estate Broker
Larry Van Der Bogart
Lic: Licensed Real Estate Salesperson
Martin Dowd
Lic: Associate Real Estate Broker