Gennaro Commons is an approved subdivision featuring 40 high-end townhouse-style units. Located off Cold Springs Road and Brickyard Road in Mechanicville, this development offers an exceptional residential experience slightly north of the city proper, bordering the charming area of Stillwater. This location seamlessly blends tranquility with convenience, as it is nearby major local industrial hubs, retailers, businesses, and manufacturers. Residents will enjoy the benefits of living in a serene environment while having easy access to urban amenities. There are a total 40 townhouse-style units of which 16 units are completed, and 24 units are approved and ready for permit issuance. Each townhouse is thoughtfully designed to offer modern comforts and style: Private garage for each unit, Hardwood floors throughout, Washer and dryer in each unit, balconies and front porches for relaxation The financial projections for Gennaro Commons are promising. The potential annual income from all 40 units is estimated at $700,000. With expenses projected to be below $300,000, the development offers a lucrative opportunity for investors and stakeholders. This community not only promises a high standard of living for its residents but also presents a sound investment in the thriving Mechanicville-Stillwater region.
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details
- Area (SqFt)
- 8928
- Bedrooms
- 32
- Bathrooms
- 32
- Car Garage
- 16
- County
- Saratoga
- Price
- $3,550,000
- Buyer Brokerage Compensation:
- 2%
- MLS #
- 202621869
- Acres:
- 8.44
- Construction:
- Vinyl Siding
- Cooling:
- Central Air
- Flooring:
- Hardwood
- Foundation:
- Slab
- Garage Spaces:
- 16
- Heating:
- Propane
- Unit 1 Features:
- Unit Location- end
Unit 1 Includes: Bathroom; Dishwasher; Fireplace; Half Bath; Kitchen; Living Room; Refrigerator; Stove
Owner Furnish Features: Central Air Conditioning; Gas; Heat; Hot Water; Parking; Sewer; Snow Removal; Trash; Water - Unit 2 Features:
- Unit Location- middle
Unit 2 Includes: Bathroom; Dining Room; Dishwasher; Fireplace; Half Bath; Kitchen; Living Room; Refrigerator; Storage; Stove
Owner Furnish Features: Central Air Conditioning; Gas; Hot Water; Parking; Sewer; Snow Removal; Trash; Water - Unit 3 Features:
- Unit Location- middle
Lease Term- 12 Months
Unit 3 Includes: Bathroom; Dishwasher; Fireplace; Half Bath; Kitchen; Living Room; Refrigerator; Storage; Stove
Owner Furnish Features: Central Air Conditioning; Garage; Gas; Heat; Hot Water; Parking; Sewer; Snow Removal; Trash; Water - Unit 4 Features:
- Multi-Family Unit 1:
Unit Location- end
Unit 1 Includes: Bathroom; Dishwasher; Fireplace; Half Bath; Kitchen; Living Room; Refrigerator; Stove
Owner Furnish Features: Central Air Conditioning; Gas; Heat; Hot Water; Parking; Sewer; Snow Removal; Trash; Water
Multi-Family Unit 2:
Unit Location- middle
Unit 2 Includes: Bathroom; Dining Room; Dishwasher; Fireplace; Half Bath; Kitchen; Living Room; Refrigerator; Storage; Stove
Owner Furnish Features: Central Air Conditioning; Gas; Hot Water; Parking; Sewer; Snow Removal; Trash; Water
Multi-Family Unit 3:
Unit Location- middle
Lease Term- 12 Months
Unit 3 Includes: Bathroom; Dishwasher; Fireplace; Half Bath; Kitchen; Living Room; Refrigerator; Storage; Stove
Owner Furnish Features: Central Air Conditioning; Garage; Gas; Heat; Hot Water; Parking; Sewer; Snow Removal; Trash; Water
Multi-Family Unit 4:
Unit Location- middle
Unit 4 Includes: Bathroom; Dishwasher; Fireplace; Half Bath; Kitchen; Living Room; Refrigerator; Storage; Stove
Owner Furnish Features: Central Air Conditioning; Garage; Gas; Heat; Hot Water; Parking; Sewer; Snow Removal; Trash; Water - Unit 5 Features:
- Unit Location- middle
Unit 5 Includes: Bathroom; Dishwasher; Fireplace; Half Bath; Kitchen; Living Room; Refrigerator; Storage; Stove
Owner Furnish Features: Central Air Conditioning; Garage; Gas; Heat; Hot Water; Management; Parking; Sewer; Snow Removal; Trash; Water
- Unit 6 Features:
- Unit Location- middle
Unit 6 Includes: Bathroom; Dishwasher; Fireplace; Half Bath; Kitchen; Living Room; Refrigerator; Storage
Owner Furnish Features: Central Air Conditioning; Garage; Gas; Heat; Hot Water; Parking; Sewer; Snow Removal; Trash; Water - Unit 7 Features:
- Unit Location- middle
Unit 7 Includes: Bathroom; Dishwasher; Fireplace; Half Bath; Kitchen; Living Room; Refrigerator; Stove
Owner Furnish Features: Central Air Conditioning; Garage; Gas; Heat; Hot Water; Management; Parking; Sewer; Snow Removal; Trash; Water - Unit 8 Features:
- Unit Location- end
Unit 8 Includes: Bathroom; Dishwasher; Fireplace; Kitchen; Living Room; Refrigerator; Storage; Stove
Owner Furnish Features: Central Air Conditioning; Garage; Gas; Heat; Hot Water; Parking; Sewer; Snow Removal; Trash; Water - Lot Size Area:
- 8.44
- Lot Size Area Units:
- Acres
- Roof:
- Shingle
- Water:
- Public
- Sewer:
- Public
- Type:
- MLF
- Sub Type Text:
- Multi Family
- Parking Features:
- Parking Total: 32; Attached; Driveway; Garage; Garage Door Opener; Off Street; Paved
- School District:
- Mechanicville
- Estimated Taxes:
- $39,344.07
- Year Built:
- 2018
Property Documents
Property Location
Property agent
Amy Farchione Sgromo is an expert when it comes to providing her clients with impeccable service and bringing desired outcomes to fruition for almost 20 years. With years of working in the service industry under her belt, Amy’s experience is not only in real estate but in the hospitality industry and local government as well.
Amy’s career in real estate began as a Licensed Commercial and Residential Realtor for the Greater Syracuse Association of Realtors. In her role as a multi-million-dollar producer, Amy extensively researched sites for the development of commercial property locations and built strong business relationships across multiple industries. By maintaining these strong connections, Amy was able to obtain repeat businesses both in residential and commercial real estate.
Licensed Associate Real Estate Broker - Residential and Commercial
See my ListingsAs a seasoned real estate professional, Charlie recognizes and values the trust his clients place in him and strives every day to exceed their expectations. Honesty and integrity, along with determination and dedication, are philosophies that Charlie strives for in all aspects of his life. Applying these principles to his business has allowed him to be a top producing Real Estate Associate Broker, consistently ranking him in the top 1% of the Capital District. He ensures that all objectives & expectations are exceeded with unparalleled client services and proven marketing strategies. Charlie resides in Saratoga Springs with his wife, Lynne, & their three children.