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2704 US-9
Ballston Spa, NY 12020
Asking Price
$1.70M
Asset Type
Commercial Land
Class
Class B
What's Special
Land | 22.42 acres <ul><li>Current tenant will relocate within one year of contract execution</li><li>Less than 2 miles off exit 13 on I-87</li><li>Site is within 5 miles of multiple apartment complexes including: Steeplechase Malta, Lofts at Kelley Farms, Ellsworth commons and Grand Ville at Malta</li><li>Malta is an area of continued growth in the capital region for both office and retail construction. Major projects over the last five years include: the ±40,000 SF Center for Advanced Ambulatory Surgery and
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NOI
$80,000
Cap Rate
4.71%
DSCR
0.79
Underwater
Cash-on-Cash
-4.10%
Monthly Payment
$8,410.672
Annual Cash Flow
$-20,928.069
