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    Iconic Restaurant/Bar in Schenectady Title is generated by Realmo AI

    1857 Van Vranken Avenue, Schenectady, NY 12308

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    Claim this Listing
    For Sale
    $499,900

    Commercial - Schenectady, NY

    Property size:
    3,521 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $141/SF
    Added:
    Jan 23, 2026
    Days on Market:
    113
    Last Refresh:
    May 16 at 4:06 pm

    Property Features for 1857 Van Vranken Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Rooms
    Basement, Kitchen
    Parking features
    Garage
    Basement Y/N
    1
    Standard status
    Active
    APN
    421500 39.35-3-13.1
    Size
    3,521 SF
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Annual Amount
    10078

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1910
    Year renovated
    1910
    Floors in Building
    2
    Flooring type
    Carpet, Tile
    Building materials
    Vinyl Siding
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Christine Serafini

    Listing agent Christine Serafini

    Listing office Miranda Real Estate Group Inc 1801 Altamont Ave Ste 1, Schenectady, NY

    Listing date Jan 23, 2026

    MLS# 11636912 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime Location: Steps from Mohawk Harbor, Rivers Casino, and future Mohawk Harbor Arena.
    • Turnkey Business Opportunity: Includes business, building, furniture, and equipment.
    • Fully Remodeled: Updated in 2011 with a large commercial kitchen and outdoor stone patio with roof.
    • Indoor/Outdoor Seating: Accommodates 75+ guests.
    • Ample Parking: Private parking lot plus plenty of public parking.
    • Owner Financing Available.

    Overview

    This commercial property in Schenectady, New York, presents an opportunity to own a restaurant and bar with over 50 years of history. The property is located near Mohawk Harbor, Rivers Casino, and the future Mohawk Harbor Arena. The building, business, furniture, and equipment are included in the sale. The restaurant has indoor and outdoor seating for over 75 guests. A remodel in 2011 included a large commercial kitchen equipped with ovens, fryers, a walk-in cooler, and prep space. The property also features an outdoor stone patio with a roof, constructed in 2011, as well as updated plumbing and electrical systems. The 0.14-acre lot includes a private parking lot, with additional public parking available. Garage door access to the basement facilitates deliveries. The property, with a size of 3521 square feet, is turnkey and ready for operation. Owner financing is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Elegance Hookah Lounge — 1810 Van Vranken Ave. #3, Schenectady, NY 12308
    • Druthers Brewing Company — 221 Harborside Dr, Schenectady, NY 12305
    • The Bunker Mohawk Harbor — 221 Harborside Dr, Schenectady, NY 12305
    • Rookies Sports Bar & Grill — 1526 Van Vranken Ave., Schenectady, NY 12308
    • The Shaker & Vine — 221 Harborside Dr, Schenectady, NY 12305

    Location Insight

    • Map
    • Local Demand
    City
    Schenectady
    County
    Schenectady
    State
    New York
    Longitude
    -73.922439
    Latitude
    42.827179

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    FAQs

    What type of property is this?
    Bar & Pub - Turnkey restaurant/bar with indoor/outdoor seating near Mohawk Harbor.
    Where is this bar & pub located?
    The property is located at 1857 Van Vranken Avenue Schenectady, NY.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: Prime Location: Steps from Mohawk Harbor, Rivers Casino, and future Mohawk Harbor Arena.; Turnkey Business Opportunity: Includes business, building, furniture, and equipment.; Fully Remodeled: Updated in 2011 with a large commercial kitchen and outdoor stone patio with roof.
    (518) 514-8830
    We can help!
    Listing Contact
    Christine Serafini
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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