$1,936,000
Malta, NY 12118
MLS# 202525912
Status: Contingent - Continue to Show
1 / 22
Property Description
Fully approved 88-unit senior apartment development — shovel ready with all permits in place. This prime Route 9 site in Malta features excellent visibility, high traffic counts, and immediate access to a major corridor, just minutes from I-87 Exit 12 and only 15 minutes to Saratoga Springs. With strong regional demand for senior housing, the project is strategically positioned for success. Complete site plans, engineering, and architectural drawings are included, and some site work has already been completed. A rare opportunity for immediate development in one of the Capital Region's most desirable locations. Competitively priced at $35k a unit.
Details
Maps
Documents
Contract Information
Original List Price: 3080000
Lease Considered: No
List Price/SqFt: 16041.67
List Price/Acres: 300621.12
Status: Contingent - Continue to Show
Property Sub Type: Multi Family
List Price: $1,936,000
Listing Contract Date: 2025-09-13
Current Price: $1,936,000
Location
City/Town (Mail): Malta
Street Number: 2272
Street Name: Route 9
County: Saratoga
State/Province: NY
Postal Code: 12118
Geo Lat: 42.949602
Geo Lon: -73.791358
Property Detail
Parking Y/N: Yes
Lot Size Square Feet: 280526
Zoning: Multi Residence
Lot Size Dimensions: 385 FF
Lot Size Acres: 6.44
Status Change Info
Proposed Closing Date: 2026-05-15
Status Change Date: 2026-03-31
Under Contract Date: 2026-03-27
Contingent: Contingent - Continue to Show
Parcel, Tax, HOA
New Construction Y/N: Yes
Parcel Number: 414089 240.-2-28.1
Tax Annual Amount: 5240.78
Tax Section: 240.00
Total Taxes Description: Estimated
Tax Block: 2
Tax Lot: 28.001
School District: Shenendehowa
High School: Shenendehowa
Association Y/N: No
Directions & Remarks
Directions: Exit 11 - 187N take by pass to Route 9 Malta. or exit 12 I87N to Route 9 south. 2 miles on left.
Public Remarks: Fully approved 88-unit senior apartment development — shovel ready with all permits in place. This prime Route 9 site in Malta features excellent visibility, high traffic counts, and immediate access to a major corridor, just minutes from I-87 Exit 12 and only 15 minutes to Saratoga Springs. With strong regional demand for senior housing, the project is strategically positioned for success. Complete site plans, engineering, and architectural drawings are included, and some site work has already been completed. A rare opportunity for immediate development in one of the Capital Region's most desirable locations. Competitively priced at $35k a unit.
Sewer
Public Sewer: 1
Current Use
Unimproved: 1
Apartment Plus: 1
Land: 1
Architectural Style
Apartments: 1
Land Only: 1
Mixed Use: 1
Multiple Dwelling Unit: 1
Cooling
Other: 1
Lot Features
Cleared: 1
Level: 1
Construction Materials
Other: 1
Photos - the contractual owner of the photos
Photo Owner: Photographer
Possession
At Closing: 1
Showing Requirements
Call Listing Agent: 1
Sign on Property: 1
Special Listing Conditions
Standard: 1
Water Source
Public: 1
Heating
Natural Gas: 1
Parking Features
Parking Total: 96
Off Street: 1
Private: 1
Public Parking: 1
Secured Garage/Parking: 1
Possible Use
Apartment Plus: 1
Mixed: 1
Multi-Family: 1
Property Features
Architectural Style: Apartments; Land Only; Mixed Use; Multiple Dwelling Unit
Construction Materials: Other
Cooling: Other
Current Use: Unimproved; Apartment Plus; Land
Heating: Natural Gas
Lot Features: Cleared; Level
Parking Features: Off Street; Private; Public Parking; Secured Garage/Parking
Possession: At Closing
Possible Use: Apartment Plus; Mixed; Multi-Family
Sewer: Public Sewer
Showing Requirements: Call Listing Agent; Sign on Property
Special Listing Conditions: Standard
Water Source: Public
Rental Comps 
Listing Courtesy of KW Platform
Listing Agent: Patrick Dunn
518-407-9834 | patrick-dunn@kw.com
518-407-9834 | patrick-dunn@kw.com
