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Estee Commons Apartment Building

Estee Commons Apartment Building

Lofts at Union Square Purchased as a distressed asset in November 2016 at a 60% discount, this property represents an opportunistic buy on a stable, cash flowing property.  The Property consists of a 47,655 square foot Building that includes 39 professionally designed apartment units; (3) Studios, (18) 1 bedrooms, (15) 2 bedrooms, and (3) 3 bedrooms. Parking is available for tenants in the 42 space lot on the Property. Situated on ±1.2 acres, the garden style apartment building features many amenities including an open and contemporary concept with high ceilings, fitness center, community...

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Residences at Capital Center

Residences at Capital Center

Lofts at Union Square Once complete in late 2017, the $7 million conversion of the upper floors of this 100,000 sq. ft. building in the heart of downtown Albany, NY will be known as the Capital Center Apartments.  The 36 upscale residential units will boast such amenities as hardwood floors, granite countertops, roman showers, washer/dryers, and the building will have sought after amenities such as a fitness center, rooftop deck & dog park, theatre room, on-site self storage, and more! Professionally managed by Maddalone & Associates 518-346-8600...

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50 South Pearl Street

50 South Pearl Street

50 South Pearl Street HPD has invested $2.5 million to transform the 21,500 sq. ft. Albany, NY property, mostly vacant since 2011, into 16 luxury market-rate apartments combined with street level retail and commercial space. The property is directly across the street from the Times Union Center and within walking distance of all of downtown Albany. The development team is getting interest from business owners seeing the opportunities, including a nationally recognized restaurant franchise. As is typical of HPD properties the apartment finishes will be of high luxury quality and the design...

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Penta on Broadway

Penta on Broadway

State Street Apartments This five story, 18,000 square foot 19th century building sat vacant for 7 years after a flood damaged the property. In 2012 HPD secured the property and invested $1.4mm to convert the building to 14 beautiful apartments with a commercial office space occupied by a prestigious law firm. Conveniently located in Albany’s downtown business district the property features amenities such as an exercise room, roof top deck, and tenant...

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New Holland Apartments

New Holland Apartments

27 Lafayette This building sits in the heart of downtown Schenectady and is conveniently located within walking distance of the many amenities offered by this rapidly developing city. Prior to HPD’s 2011 purchase of the property, it was a 24 unit rooming house known as The Holland and was a blight on the community. The company invested over $500,000 to convert this 8,000 square foot, 150 year old brick building to 12 high end, market rate, one bedroom apartments. The property has enjoyed near 100% occupancy for the past three years, a change that was met with great excitement by the...

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70 Morris St

70 Morris St

70 Morris St This charming building dates back to the early 1900s and now is a great example of the revitalization we see happening in the Park South neighborhood of Albany. This property sat vacant for over 20 years prior to HPD’s approximately $900,000 investment, converting the 10,000 square foot building to 9 high end, market rate apartments. Completed in 2010, the building is now the gem of Morris Street....

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