2272 Route 9 2272 Route 9 Lot | Terrain commercial | 2,61 ha | À vendre | 2 681 694 € | Malta, NY 12118

Rare opportunity to acquire a fully approved, shovel-ready 88-unit senior apartment development in Malta. All engineering, site plans, and permitting are complete, allowing immediate construction. The project features two 44-unit buildings with a balanced mix of one and two-bedroom layouts. Located directly on Route 9, the site benefits from excellent visibility, level topography, and daily traffic counts of 12,000–16,000 vehicles.
Projected stabilized rents support a cap rate in the 10% range, highlighting both the income potential and the long-term value of the asset. Public water and natural gas are at the road, and preliminary site work has already begun, saving valuable time and resources.
Adding to the rarity of this opportunity, Malta currently has a moratorium on new apartment development — but with these approvals already in place, you are fully cleared to move forward. This makes 2272 Route 9 one of the only projects in the market positioned for immediate success.