2 - 10 S Central Avenue
Mechanicville, NY 12118
$1,550,000
Excellent opportunity to acquire the historic Flanagan Block, an 11-unit multifamily investment in the heart of Downtown Mechanicville. Current ownership has completed improvements throughout the property, including facelifts to many units, while placing new tenants and strengthening the rent roll. Currently 10 of 11 units are occupied, with the vacant unit available for showings. The property features predominantly spacious 2-bedroom apartments and generates strong in-place income with additional upside. Units are separately metered for electric, paid by tenants, while landlord provides heat through natural gas boilers. Strong financials and rental history with approximately $138,450 NOI. Rent roll and financials available upon request.
| Listing Id: | 202627584 |
|---|---|
| List Price: | $1,550,000 |
| Property Type: | Multi-Family |
| Property Sub Type: | Multi Family |
| Status: | Active |
| Bedrooms Total: | 19 |
| Bathrooms Full: | 11 |
| Living Area: | 11,016 |
| Tax Annual Amount: | $18,579 |
| Lot Size Square Feet: | 5,227.2 |
| Lot Size Acres: | 0.12 |
| Architectural Style: | Apartment 4 Plus Unit, High Rise |
| Waterfront?: | No |
| City: | Mechanicville |
| County Or Parish: | Saratoga |
| Subdivision Name: | Select One |
| Postal Code: | 12118 |
| Year Built: | 1924 |
| Number Of Units Total: | 11 |
| List Agent Full Name: | Ryan Mortka |
| Co List Agent Full Name: | Nancy A Ragosta |
| Exterior Features: | Other |
| Lot Size Units: | Acres |
| Accessibility Features: | Accessible Transportation or Bus, Other |
| Heating?: | Yes |
| Bathrooms Total Integer: | 11 |
| Basement: | true |
| Basement: | Unfinished, Full, Other |
| State Or Province: | NY |
| Lot Features: | Cleared, Level |
| Special Listing Conditions: | Standard |
| View: | City, Downtown |
| Foundation Details: | Block |
| Sewer: | Public Sewer |
| Fencing: | Back Yard |
| Roof: | Rubber, Flat |
| Lot Size Area: | 0.12 |
| Parking Features: | Other, Off Street |
| Zoning: | Commercial |
| Documents Change Timestamp: | 2026-10-05T17:39:35Z |
| Heating: | Electric |
| Directions: | Route 67 to Route 4/S Central Ave. Property is located in the heart of Downtown Mechanicville. |
| Listing Contract Date: | 2026-10-05 |
| Parcel Number: | 411000 262.61-3-19 |
| List Agent Key: | 20211012215128060600000000 |
| Construction Materials: | Block, Brick, Other |
| Parking Total: | 6 |
| Water Source: | Public |
| Co List Office Key: | 20260305151510387521000000 |
| Co List Agent Key: | 20211012220214634655000000 |
| High School District: | Mechanicville |
| Above Grade Finished Area: | 11,016.0 |
| Other Equipment: | Negotiable |
| Below Grade Finished Area: | 4,700.0 |
| Tenant Pays: | Internet, Electricity |
| Postal City: | Mechanicville |
| Other Structures: | None |
| Above Grade Finished Area Source: | CRS |
| Original List Price: | $1,550,000 |
| Possession: | At Closing, Rental Agreement |
| Cross Street: | Park Ave |
| Below Grade Finished Area Source: | CRS |
| Bathrooms Total Decimal: | $11.00 |
| Property Detail Main Road Frontage: | $72.00 |
| Property Detail Enhanced Accessible Yn2: | Yes |
| Parcel Tax Hoa Total Taxes Description: | Estimated |
| Bath Levels Full Bath 1: | 1st |
| Bath Levels Full Bath 2: | 1st |
| Bath Levels Full Bath 3: | 2nd |
| Bath Levels Full Bath 4: | 2nd |
| Bath Levels Full Bath 5: | 2nd |
| Bath Levels Full Bath 6: | 2nd |
| Bath Levels Full Bath 7: | 3rd |
| Bath Levels Full Bath 8: | 3rd |
| Bath Levels Full Bath 9: | 3rd |
| Bath Levels Full Bath 10: | 3rd |
| Income And Expenses Rental Income: | $179,000.00 |
| Separate Utilities Number Of Separate Electric Meters: | 12 |
| Multi Family Unit 1 Detail Unit Location Mf Unit 1: | 1 |
| Multi Family Unit 1 Detail Total Rooms Mf Unit 1: | 5 |
| Multi Family Unit 1 Detail Total Bedrooms Mf Unit 1: | 2 |
| Multi Family Unit 1 Detail Total Full Baths Mf Unit 1: | 1 |
| Multi Family Unit 2 Detail Unit Location Mf Unit 2: | 1 |
| Multi Family Unit 2 Detail Total Rooms Mf Unit 2: | 5 |
| Multi Family Unit 2 Detail Total Bedrooms Mf Unit 2: | 2 |
| Multi Family Unit 2 Detail Total Full Baths Mf Unit 2: | 1 |
| Multi Family Unit 3 Detail Unit Location Mf Unit 3: | 2 |
| Multi Family Unit 3 Detail Total Rooms Mf Unit 3: | 5 |
| Multi Family Unit 3 Detail Total Bedrooms Mf Unit 3: | 2 |
| Multi Family Unit 3 Detail Total Full Baths Mf Unit 3: | 1 |
| Multi Family Unit 4 Detail Unit Location Mf Unit 4: | 2 |
| Multi Family Unit 4 Detail Total Rooms Mf Unit 4: | 5 |
| Multi Family Unit 4 Detail Total Bedrooms Mf Unit 4: | 2 |
| Multi Family Unit 4 Detail Total Full Baths Mf Unit 4: | 1 |
| Multi Family Unit 5 Detail Unit Location Mf Unit 5: | 2 |
| Multi Family Unit 5 Detail Total Rooms Mf Unit 5: | 5 |
| Multi Family Unit 5 Detail Total Bedrooms Mf Unit 5: | 2 |
| Multi Family Unit 5 Detail Total Full Baths Mf Unit 5: | 1 |
| Multi Family Unit 6 Detail Unit Location Mf Unit 6: | 2 |
| Multi Family Unit 6 Detail Total Rooms Mf Unit 6: | 4 |
| Multi Family Unit 6 Detail Total Bedrooms Mf Unit 6: | 1 |
| Multi Family Unit 6 Detail Total Full Baths Mf Unit 6: | 1 |
| Multi Family Unit 7 Detail Unit Location Mf Unit 7: | 3 |
| Multi Family Unit 7 Detail Total Rooms Mf Unit 7: | 4 |
| Multi Family Unit 7 Detail Total Bedrooms Mf Unit 7: | 1 |
| Multi Family Unit 7 Detail Total Full Baths Mf Unit 7: | 1 |
| Multi Family Unit 8 Detail Unit Location Mf Unit 8: | 3 |
| Multi Family Unit 8 Detail Total Rooms Mf Unit 8: | 5 |
| Multi Family Unit 8 Detail Total Bedrooms Mf Unit 8: | 2 |
| Multi Family Unit 8 Detail Total Full Baths Mf Unit 8: | 1 |
| Open Parking?: | Yes |
| Levels: | Three Or More |
| Approval Status: | Yes |
| Photos - the contractual owner of the photos Photo Owner 3: | Combination Ownership |
| Separate Utilities: | Electric |
| Architectural Style: | Apartment 4 Plus Unit, High Rise |
| Exterior Features: | Other, Lighting |
Listing Courtesy of: Realty One Group Key
Listing Agent: Ryan Mortka
518-534-3714
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Data last updated October 08, 2026 05:02 PM - ET.
Property Last Updated: October 08, 2026 05:02 PM - ET
