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AVAILABLE FOR SALE VIA TEN X AUCTION Schenectady ......When complete, Mohawk Harbor will consist of...

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AVAILABLE FOR SALE-VIA TEN-X AUCTION MOHAWK HARBOR/RIVERS CASINO AND RESORT DEVELOPMENT PARCEL 1435 Erie Boulevard/315 Front Street Schenectady, NY JF Real Estate has obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. This 1.1-Acre Development Parcel is located immediately adjacent to the $480 million Mohawk Harbor development that includes the brand new Rivers Casino and Resort (opened February 2017). Exclusive Agent: Martin McDermott [email protected] Phone: (315) 472-2020 Ext. 101 Cell: (315) 427-5737 Fax: (315) 472-8774 The Atrium 2 Clinton Square, Suite 120 Syracuse, NY 13202 Visit our website at www.jfrealestate.com Subject Property Mohawk Harbor
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Page 1: AVAILABLE FOR SALE VIA TEN X AUCTION Schenectady ......When complete, Mohawk Harbor will consist of over 1 million sf including 206 apartments, 50 condominiums, 15 townhouses, 2 hotels,

AVAILABLE FOR SALE-VIA TEN-X AUCTION

MOHAWK HARBOR/RIVERS CASINO AND RESORT

DEVELOPMENT PARCEL

1435 Erie Boulevard/315 Front Street

Schenectady, NY

JF Real Estate has obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

This 1.1-Acre Development Parcel is located immediately adjacent to the $480 million

Mohawk Harbor development that includes the brand new Rivers Casino and Resort

(opened February 2017).

Exclusive Agent: Martin McDermott [email protected] Phone: (315) 472-2020 Ext. 101 Cell: (315) 427-5737 Fax: (315) 472-8774 The Atrium 2 Clinton Square, Suite 120 Syracuse, NY 13202 Visit our website at www.jfrealestate.com

Subject Property

Mohawk Harbor

Page 2: AVAILABLE FOR SALE VIA TEN X AUCTION Schenectady ......When complete, Mohawk Harbor will consist of over 1 million sf including 206 apartments, 50 condominiums, 15 townhouses, 2 hotels,

AVAILABLE FOR SALE-VIA TEN-X AUCTION

MOHAWK HARBOR/RIVERS CASINO AND RESORT

DEVELOPMENT PARCEL

1435 Erie Boulevard/315 Front Street

Schenectady, NY

JF Real Estate has obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

SITE DESCRIPTION

The subject property is encumbered with a 27,500 s.f. building, however, the highest

and best use for the property is a commercial re-development that may include a

stand-alone restaurant, retail or other service establishments. Building demolition

estimates have been included in the Auction Due Diligence Package.

Page 3: AVAILABLE FOR SALE VIA TEN X AUCTION Schenectady ......When complete, Mohawk Harbor will consist of over 1 million sf including 206 apartments, 50 condominiums, 15 townhouses, 2 hotels,

AVAILABLE FOR SALE-VIA TEN-X AUCTION

MOHAWK HARBOR/RIVERS CASINO AND RESORT

DEVELOPMENT PARCEL

1435 Erie Boulevard/315 Front Street

Schenectady, NY

JF Real Estate has obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

Page 4: AVAILABLE FOR SALE VIA TEN X AUCTION Schenectady ......When complete, Mohawk Harbor will consist of over 1 million sf including 206 apartments, 50 condominiums, 15 townhouses, 2 hotels,

AVAILABLE FOR SALE-VIA TEN-X AUCTION

MOHAWK HARBOR/RIVERS CASINO AND RESORT

DEVELOPMENT PARCEL

1435 Erie Boulevard/315 Front Street

Schenectady, NY

JF Real Estate has obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

SITE DESCRIPTION

This offering consists of two contiguous tax parcels within the City of Schenectady, NY

39.56-3-13 (Approximately .21 acres)

39.56-3-14 (Approximately .89 acres)

Page 5: AVAILABLE FOR SALE VIA TEN X AUCTION Schenectady ......When complete, Mohawk Harbor will consist of over 1 million sf including 206 apartments, 50 condominiums, 15 townhouses, 2 hotels,

AVAILABLE FOR SALE-VIA TEN-X AUCTION

MOHAWK HARBOR/RIVERS CASINO AND RESORT

DEVELOPMENT PARCEL

1435 Erie Boulevard/315 Front Street

Schenectady, NY

JF Real Estate has obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

MOHAWK HARBOR DEVELOPMENT

Rivers Casino and Resort

Located along the Mohawk River in downtown Schenectady, NY, the Mohawk Harbor

is a 60-acre development that integrates luxury living, high-tech offices, restaurants and

retail along one mile of waterfront. When complete, Mohawk Harbor will consist of

over 1 million sf including 206 apartments, 50 condominiums, 15 townhouses, 2 hotels,

100,000 square feet of harbor side retail/dining, and 74,025 sf of Class A Office space.

Page 6: AVAILABLE FOR SALE VIA TEN X AUCTION Schenectady ......When complete, Mohawk Harbor will consist of over 1 million sf including 206 apartments, 50 condominiums, 15 townhouses, 2 hotels,

AVAILABLE FOR SALE-VIA TEN-X AUCTION

MOHAWK HARBOR/RIVERS CASINO AND RESORT

DEVELOPMENT PARCEL

1435 Erie Boulevard/315 Front Street

Schenectady, NY

JF Real Estate has obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

MOHAWK HARBOR DEVELOPMENT

Rivers Casino and Resort

Page 7: AVAILABLE FOR SALE VIA TEN X AUCTION Schenectady ......When complete, Mohawk Harbor will consist of over 1 million sf including 206 apartments, 50 condominiums, 15 townhouses, 2 hotels,

AVAILABLE FOR SALE-VIA TEN-X AUCTION

MOHAWK HARBOR/RIVERS CASINO AND RESORT

DEVELOPMENT PARCEL

1435 Erie Boulevard/315 Front Street

Schenectady, NY

JF Real Estate has obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

MOHAWK HARBOR DEVELOPMENT

Hotel, Condos and Apartments

Page 8: AVAILABLE FOR SALE VIA TEN X AUCTION Schenectady ......When complete, Mohawk Harbor will consist of over 1 million sf including 206 apartments, 50 condominiums, 15 townhouses, 2 hotels,

AVAILABLE FOR SALE-VIA TEN-X AUCTION

MOHAWK HARBOR/RIVERS CASINO AND RESORT

DEVELOPMENT PARCEL

1435 Erie Boulevard/315 Front Street

Schenectady, NY

JF Real Estate has obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

As part of the Mohawk Harbor Development, a $5 million upgrade to Erie Boulevard was

recently completed. This redesign and reconstruction of Erie Boulevard received the

“Project of the Year Award” from the American Public Works Association (APWA).

MOHAWK HARBOR DEVELOPMENT

Erie Boulevard Improvements

Page 9: AVAILABLE FOR SALE VIA TEN X AUCTION Schenectady ......When complete, Mohawk Harbor will consist of over 1 million sf including 206 apartments, 50 condominiums, 15 townhouses, 2 hotels,

AVAILABLE FOR SALE-VIA TEN-X AUCTION

MOHAWK HARBOR/RIVERS CASINO AND RESORT

DEVELOPMENT PARCEL

1435 Erie Boulevard/315 Front Street

Schenectady, NY

JF Real Estate has obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

MOHAWK HARBOR DEVELOPMENT

Erie Boulevard Improvements

According to Mayor Gary McCarthy, "The redesign of Erie Boulevard into a pedestrian

friendly and commercially welcoming area represents a major milestone for the city of

Schenectady's ongoing transformation. This new image for the gateway to our downtown

reinforces the idea that we are a city where people want to live and work." This section

of Erie Boulevard follows the alignment of the old Erie Canal.

Page 10: AVAILABLE FOR SALE VIA TEN X AUCTION Schenectady ......When complete, Mohawk Harbor will consist of over 1 million sf including 206 apartments, 50 condominiums, 15 townhouses, 2 hotels,

AVAILABLE FOR SALE-VIA TEN-X AUCTION

MOHAWK HARBOR/RIVERS CASINO AND RESORT

DEVELOPMENT PARCEL

1435 Erie Boulevard/315 Front Street

Schenectady, NY

JF Real Estate has obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

MOHAWK HARBOR DEVELOPMENT

Surrounding Development

Other major community neighbors includes Price Chopper’s corporate headquarters,

Union College facilities, and other riverfront lodging and restaurant attractions.

Page 11: AVAILABLE FOR SALE VIA TEN X AUCTION Schenectady ......When complete, Mohawk Harbor will consist of over 1 million sf including 206 apartments, 50 condominiums, 15 townhouses, 2 hotels,

AVAILABLE FOR SALE-VIA TEN-X AUCTION

MOHAWK HARBOR/RIVERS CASINO AND RESORT

DEVELOPMENT PARCEL

1435 Erie Boulevard/315 Front Street

Schenectady, NY

JF Real Estate has obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

MOHAWK HARBOR DEVELOPMENT

Surrounding Development

Adjacent to the Subject Property, a $5 million 52-unit, market-rate apartment complex is

nearing completion. In addition, at the nearby Erie Boulevard traffic circle, a new 4,000 s.f.

building accommodating Capital Bank and Dunkin Donuts was recently completed.

Page 12: AVAILABLE FOR SALE VIA TEN X AUCTION Schenectady ......When complete, Mohawk Harbor will consist of over 1 million sf including 206 apartments, 50 condominiums, 15 townhouses, 2 hotels,

AVAILABLE FOR SALE-VIA TEN-X AUCTION

MOHAWK HARBOR/RIVERS CASINO AND RESORT

DEVELOPMENT PARCEL

1435 Erie Boulevard/315 Front Street

Schenectady, NY

JF Real Estate has obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.


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