BALLSTON SPA, N.Y. — Regional brokerage firm Adirondack Capital Partners has negotiated the sale of Northway Eleven Communities, a 952-unit community in Ballston Spa, 30 miles north of Albany, New York. The exact sales price was not disclosed, but Adirondack says that the property traded hands for more than $100 million.
Northway Eleven Communities consists of 240 buildings on a 131-acre site. The community offers 1,027-square-foot, two-bedroom apartments and 1,385-square-foot, two-level townhomes, according to the property website.
Michael Hunter Coghill of Adirondack Capital Partners represented the seller, an entity doing business as Country Club Acres Inc., in the deal. The buyer was not disclosed. However, the property is listed on the website of Eagle Rock Properties.