Looking into Menands NY & Colonie NY

[Calvin Thomas]

I am looking to expand outside of downtown Albany, and two of my brokers recommended to look into Menands NY & Colonie NY.  I wanted to get the tone from the people here @ BiggerPockets.  I know real estate values have gone up quite a bit in Colonie.  However, in Menands, there is some additional room to grow.  Plus, there seems to be stable rents and decent tenants.

Can others give me their take?  Much appreciated.

[Brian Degener]

I have a few buildings in troy and cohoes for sale if you want to message me for details.

Thank you

Brian

[Calvin Thomas]

Thanks, but looking for info on Menands NY & Colonie NY, not properties in Troy or Cohoes.

[Kyle Gendron]

what type of property are you looking for in menands and colonie ? 2 fam 3 fam commercial ? and why are you looking to leave albany ? and by broker u mean realtors ?

[Calvin Thomas]

Yes, I mean my realtor.  I am not leaving Albany, just expanding to the suburbs to expand my portfolio.  I am purchasing multi family, and I already have 12 of them in Albany.  My realtor suggested both Menands & Colonie as two suburbs to consider.  The info I've been pulling in from my research seem positive for both.  Both stable markets, decent rents and growth appreciation.  Albany common is great in terms of rents, however, growth, not too much with multi families. 

[Kyle Gendron]

Oh okay well i don't mean to pull the focus away from your question I was jw why you would want to leave albany as i just started here.