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Listed by Kyle J Bradley • Carrow Real Estate Services LLC
$ 3,600,000
Est. payment | /mo
26,718 SqFt
$ 3,600,000
Est. payment | /mo
26,718 SqFt
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 26,718 sqft
Price per Sqft $134
MLS Listing ID 202624413
Year Built 1907
Annual Tax Amount $18,072
Lot Size 0.270 Acres
Acres 0.27
Lot Dimensions 137'x87'
Property Sub-Type Mixed Use
Source Global MLS
Property Description
100% occupied 11 Unit Mixed-Use asset in the heart of Downtown Schenectady. +/- 26,718 sf, 4 story building featuring one (1) studio, five (5) one-bedroom units, five (5) three-bedroom units & one commercial space. Ground floor retail space is occupied by long term tenant with 5 years of term remaining. Property was completely renovated in 2021 featuring industrial, loft-style finishes. Priced at a 7.40% cap rate on in place income and includes a PILOT program in place through 2031. Located in Downtown Schenectady right off State Street; steps from numerous dining and entertainment options. Priced significantly below replacement cost.
Location
State NY
County Schenectady
Zoning Commercial
Direction Take State Street west towards Schenectady, turn right onto Broadway, continue to 132.
Interior
Heating Forced Air, Natural Gas
Exterior
Roof Type Rubber
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 421500 39.72-2-42.1
Nearby Locations
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Charles Goodridge
Associate Broker