Turnkey Restaurant and Bar
1490 State Street Schenectady, NY 12304
For Sale
$950,000
COMMERCIAL - Schenectady, NY
Property Size2,368 SF
Lot Size0.12 Acres
Price / SF$401.18
Days on Market196
Property Features for 1490 State Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Bathrooms
4
Rooms
Bathroom 2, Bathroom 4, Bathroom 3, Bathroom 1
Parking
12
Standard status
Active
APN
421500 49.76-4-14
Size
2,368 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
6227
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1986
Building materials
Aluminum Siding, Brick
Listing Agency:
KW Platform
(518) 724-5800
Listed By:
Joanne Bongalo · License #10301216639
(518) 209-8004
Added: Jan 14
Changed: Jul 24
Last Checked: Jul 29 at 5:06AM
MLS# 202610544
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained and renovated restaurant and bar building is offered turnkey with furniture, fixtures, and equipment included. The interior includes dining areas, a commercial kitchen, storage room, full basement, and a private office, along with separate men’s and women’s restrooms. The property also features an apartment or in-law suite with a private entrance, plus outdoor patio seating.
Located at 1490 State Street in the heart of Schenectady’s high-traffic corridor, the building includes off-street parking. It is currently operating as a Caribbean restaurant with live music.
The overall configuration supports both customer service space and back-of-house operations, with the added flexibility of a separately entered residential suite.
Located at 1490 State Street in the heart of Schenectady’s high-traffic corridor, the building includes off-street parking. It is currently operating as a Caribbean restaurant with live music.
The overall configuration supports both customer service space and back-of-house operations, with the added flexibility of a separately entered residential suite.
Key Highlights
- 1986‑built commercial building with aluminum siding and brick exterior
- Restaurant and bar with all furniture, fixtures, and equipment included
- Commercial kitchen, dining areas, storage room, private office, and a full basement
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.3k | $19.56 |
| − Vacancy | −$1.9k | −$0.82 |
| EGI | $44.4k | $18.74 |
| − OpEx | −$11.1k | −$4.68 |
| NOI | $33.3k | $14.05 |
2,368 SF · lease $19.56/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$475.4K
$416.0K – $554.7K
NOI $33,280 @ 7.0% cap · market cap 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$708.8K
$620.2K – $826.9K
NOI $49,614 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully equipped restaurant and bar with dining areas, kitchen, storage, basement, office, restrooms, and off-street parking.
Where is this conventional restaurant located?
The property is located at 1490 State Street Schenectady, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 1986‑built commercial building with aluminum siding and brick exterior; Restaurant and bar with all furniture, fixtures, and equipment included; Commercial kitchen, dining areas, storage room, private office, and a full basement
