$1,100,000
Mechanicville, NY 12118
MLS# 202512539
Status: Closed
21 beds
1 / 7
Property Description
Introducing Flanagan Block, a landmark investment at 2-10 South Central Ave in Mechanicville. This distinguished 11-unit building comes to market at an attractive 8% cap rate with strong rental history and a quality rent roll w/increase potential. The 14,306 SF building features predominantly spacious two-bedroom layouts, has exceptional ''bones'' providing durability and low maintenance and also has an efficient set up for utilities. Each unit is separately metered for electric and all appliances and water heaters are electric (electric expense passed through to tenants). Two natural gas boilers provide heat for the building at the landlords expense. Public water and sewer. Financials and interior unit details available upon execution of NDA. This is a rare opportunity in a prime location.
Details
Maps
Documents
Contract Information
Original List Price: 1100000
List Price/SqFt: 76.89
Status: Closed
Property Sub Type: Multi Family
Sold Price: $1,100,000
Current Price: $1,100,000
Listing Contract Date: 2025-02-26
Location
City/Town (Mail): Mechanicville
Street Number: 2-10
Street Direction Prefix: S
Street Name: Central
Street Suffix: Avenue
County: Saratoga
State/Province: NY
Postal Code: 12118
Geo Lat: 42.902927
Geo Lon: -73.687619
Property Detail
Number Of Units Total: 11
Rooms Total: 43
Bathrooms Half: 1
Garage Spaces: 0
Above Grade Finished Area: 14306
Above Grade Finished Area Source: Public Records
Parking Y/N: No
Below Grade Finished Area: 0
Below Grade Finished Area Source: Public Records
Living Area: 14306
Deed Restrictions: Unknown
Lot Size Acres: 0.12
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Bedrooms Total: 21
Bathrooms Full: 11
Year Built: 1899
Status Change Info
Sold Price/SqFt: 76.89
Status Change Date: 2025-08-07
Under Contract Date: 2025-03-07
Sold Date: 2025-06-11
Sold Price: $1,100,000
Parcel, Tax, HOA
Parcel Number: 262.61-3-19
Tax Annual Amount: 14378.18
Total Taxes Description: Actual
School District: Mechanicville
Association Y/N: No
Directions & Remarks
Directions: Take Rt 67 to Route 4 to Downtown Mechanicville. The property is in the city center.
Public Remarks: Introducing Flanagan Block, a landmark investment at 2-10 South Central Ave in Mechanicville. This distinguished 11-unit building comes to market at an attractive 8% cap rate with strong rental history and a quality rent roll w/increase potential. The 14,306 SF building features predominantly spacious two-bedroom layouts, has exceptional ''bones'' providing durability and low maintenance and also has an efficient set up for utilities. Each unit is separately metered for electric and all appliances and water heaters are electric (electric expense passed through to tenants). Two natural gas boilers provide heat for the building at the landlords expense. Public water and sewer. Financials and interior unit details available upon execution of NDA. This is a rare opportunity in a prime location.
Sewer
Public Sewer: 1
Architectural Style
Apartment 4 Plus Unit: 1
Electric
200+ Amp Service: 1
Fencing
Back Yard: 1
Wood: 1
Financial Details
Full Market Assessment: 551136
Tax Assessed Value: 485000
General Taxes: 7687.2
General Taxes Description: Estimated
School Taxes: 6690.98
School Taxes Description: Estimated
Cooling
Window Unit(s): 1
Basement
Exterior Entry: 1
Full: 1
Unfinished: 1
Bath Levels
Full Bath 1: 1st
Full Bath 2: 1st
Full Bath 3: 1st
Full Bath 4: 2nd
Full Bath 5: 2nd
Full Bath 6: 2nd
Full Bath 7: 2nd
Full Bath 8: 3rd
Full Bath 9: 3rd
Full Bath 10: 3rd
Half Bath 1: 3rd
Lot Features
Cleared: 1
Road Frontage: 1
Construction Materials
Brick: 1
Photos - the contractual owner of the photos
Photo Owner: Broker
Possession
At Closing: 1
Subject To Tenant Rights: 1
Exterior Features
None: 1
Flooring
Hardwood: 1
Showing Requirements
Agent to Accompany: 1
Call Listing Agent: 1
No Sign: 1
Showing Service: 1
Special Listing Conditions
Standard: 1
Utilities
Cable Available: 1
Cable Connected: 1
Roof
Rubber: 1
Water Source
Public: 1
Foundation Details
Stone: 1
Heating
Baseboard: 1
Natural Gas: 1
Parking Features
None: 1
Levels
Three Or More: 1
Separate Utilities
Electric: 1
Water Heater: 1
Number Of Separate Electric Meters: 11
Tenant Pays
Electricity: 1
Hot Water: 1
Internet: 1
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 1st
Total Rooms MF Unit 1: 4
Total Bedrooms MF Unit 1: 2
Total Full Baths MF Unit 1: 1
Total Half Baths MF Unit 1: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 1st
Total Rooms MF Unit 2: 4
Total Bedrooms MF Unit 2: 2
Total Full Baths MF Unit 2: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 1st
Total Rooms MF Unit 3: 3
Total Bedrooms MF Unit 3: 1
Total Full Baths MF Unit 3: 1
Multi-Family Unit 4 Detail
Unit Location MF Unit 4: 2nd
Total Rooms MF Unit 4: 4
Total Bedrooms MF Unit 4: 2
Total Full Baths MF Unit 4: 1
Multi-Family Unit 5 Detail
Unit Location MF Unit 5: 2nd
Total Rooms MF Unit 5: 3
Total Bedrooms MF Unit 5: 1
Total Full Baths MF Unit 5: 1
Multi-Family Unit 6 Detail
Unit Location MF Unit 6: 2nd
Total Rooms MF Unit 6: 3
Total Bedrooms MF Unit 6: 1
Total Full Baths MF Unit 6: 1
Multi-Family Unit 7 Detail
Unit Location MF Unit 7: 2nd
Total Rooms MF Unit 7: 5
Total Bedrooms MF Unit 7: 3
Total Full Baths MF Unit 7: 1
Multi-Family Unit 8 Detail
Unit Location MF Unit 8: 3rd
Total Rooms MF Unit 8: 4
Total Bedrooms MF Unit 8: 2
Total Full Baths MF Unit 8: 1
Property Features
Architectural Style: Apartment 4 Plus Unit
Basement: Exterior Entry; Full; Unfinished
Construction Materials: Brick
Cooling: Window Unit(s)
Electric: 200+ Amp Service
Exterior Features: None
Fencing: Back Yard; Wood
Flooring: Hardwood
Foundation Details: Stone
Heating: Baseboard; Natural Gas
Levels: Three Or More
Lot Features: Cleared; Road Frontage
Parking Features: None
Possession: At Closing; Subject To Tenant Rights
Roof: Rubber
Separate Utilities: Electric; Water Heater
Sewer: Public Sewer
Showing Requirements: Agent to Accompany; Call Listing Agent; No Sign; Showing Service
Special Listing Conditions: Standard
Tenant Pays: Electricity; Hot Water; Internet
Utilities: Cable Available; Cable Connected
Water Source: Public
GIS Aerial 
Listing Courtesy of Realize Brokers
Listing Agent: Nicholas Ketter
518-656-0556 | nic@realizebrokers.com
518-656-0556 | nic@realizebrokers.com
