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650 W German St
Herkimer, NY 13350

Price Upon Request

Apartments For Sale  •  36,500 SF

Property Details

  • Property Type Apartments
  • Total Building Size 36,500 SF
  • Lot Size 1.15 AC
  • Building Class C
  • Year Built 1910
  • Zoning C
50 Walk Score

Highlights

https://bracketre.com/listing/d25df389-149f-4011-9bfc-eec5270e0419
Strategic Location: Centrally located in Herkimer, NY, specifically catering to the student population of nearby institutions like Herkimer CC
Diverse Income Model: Features a robust mix of residential, commercial, and amenity-based revenue streams, including a restaurant, convenience store,
High-Occupancy Infrastructure: A 36,500 SF masonry building with an elevator, 24-hour access, and a total capacity for 57 students.
Opportunity Zone Benefits: Located within a designated Opportunity Zone, providing significant tax advantages for long-term investors
Parking Advantage: Features a 1.29/bed parking ratio (40 surface spaces), a rare and valuable competitive edge in the local student housing market

Major Tenants

Tenant SF Occupied Lease End Date
Scalise Properties
Trans World Fiber Optics

Amenities

  • 24 Hour Access
  • Laundry Facilities
  • Washer/Dryer
  • Heating
  • Eat-in Kitchen
  • Refrigerator
  • Sprinkler System
  • Range
  • Carpet
  • Wi-Fi
  • Community-Wide WiFi
  • Freezer

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 40
Type: Surface
Included in Rent: Yes
Jonathan Diamond 214-707-8009 Bracket Real Estate, Inc.
Jonathan Diamond 214-707-8009 Bracket Real Estate, Inc.