Mechanicville, NY 12118 · Saratoga County

Gennaro Commons is a townhouse development in Mechanicville with 40 completed and approved units, situated off Cold Spring Road near Stillwater. Built in 2018 across 8.44 acres, the development combines modern design with practical amenities: each unit includes a private garage, hardwood floors, in-unit washer and dryer, and outdoor space. The location offers proximity to regional employers, retailers, and services while remaining in a quieter area north of the city center, where Mechanicville's historic riverfront downtown and established infrastructure are nearby. Financial projections indicate strong income potential with operating margins that appeal to investment-focused owners.
Gennaro Commons is an approved subdivision featuring 40 approved high-end townhouse-style units with 24 additional units planned that will need final approvals making this a total of 64 units. . Located off Cold springs Road and Brickyard Road in Mechanicville, this development offers an exceptional residential experience slightly north of the city proper, bordering the charming area of Stillwater. This location seamlessly blends tranquility with convenience, as it is nearby major local industrial hubs, retailers, businesses, and manufacturers. Residents will enjoy the benefits of living in a serene environment while having easy access to urban amenities. There are a total 40 townhouse-style units of which 16 units are completed, and 24 units are approved and ready for permit issuance. Each townhouse is thoughtfully designed to offer modern comforts and style: Private garage for each unit, Hardwood floors throughout, Washer and dryer in each unit, balconies and front porches for relaxation The financial projections for Gennaro Commons are promising. The potential annual income from all 40 units is estimated at $700,000. With expenses projected to be below $300,000, the development offers a lucrative opportunity for investors and stakeholders. This community not only promises a high standard of living for its residents but also presents a sound investment in the thriving Mechanicville-Stillwater region.
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Assigned districts can change and are not guaranteed. Confirm enrollment boundaries with the district directly before relying on them.
Mechanicville is in Saratoga County, NY. There are currently 24 active listings here, ranging from $120,000 to $3,550,000. Listings in this address fall under the Mechanicville school district. Priced 668% above the Mechanicville median of $462,389.
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Julie & Co Realty LLC · Listed by Amy Farchione-Sgromo (32112)
Contact: 315-863-2777
MLS #202621869 · Source: Global MLS, Inc.
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Real numbers from current MLS data. Not a third-party estimate.
Every change captured by Global MLS since this listing went live.
Public assessment record for the Stillwater roll · Mechanicville school district · Apartments
| Year | Assessed value | Full market value | Change |
|---|---|---|---|
| 2025 | $1,400,000 | $2,352,941 | +5.9% |
| 2024 | $1,400,000 | $2,222,222 | +6.3% |
| 2023 | $1,400,000 | $2,089,552 | +13.4% |
| 2022 | $1,400,000 | $1,842,105 | +13.2% |
| 2021 | $1,400,000 | $1,627,907 |
Assessed and full market values come from the local assessor and lag the market; the tax bill is the assessed value times the town, county and school rates, which the seller’s disclosure will show. STAR and other exemptions are not reflected here.
Outside FEMA-mapped flood hazard areas
This point is not inside any Special Flood Hazard Area or moderate-risk zone on the current FEMA flood map. Flood insurance is optional here and usually inexpensive.
See the official FEMA flood map for this pointSource: FEMA National Flood Hazard Layer, checked 2026-09-10. Zones are drawn by FEMA and can change; an elevation certificate governs insurance.