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    The Largest CRE Database in the US with Over 1 Million Listings

    34 Williams St Mechanicville, NY 12118

    Sponsored
    For Sale
    $3,499,000

    MULTI_FAMILY - Other - Mechanicville, NY

    Property size:
    29,000 SF
    Lot size:
    0.53 Acres
    Days on Market:
    21
    Last Refresh:
    Feb 5 at 1:06 pm

    Property Features for 34 Williams St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Security features
    Security Lighting
    Window features
    Double Pane Windows, Blinds, Insulated Windows, Bay Window(s), Aluminum Frames, Screens, ENERGY STAR Qualified WIndows
    Rooms
    Bedroom 50, Bedroom 26, Bathroom 3, Bathroom 9, Bathroom 6, Bedroom 60, Bedroom 12, Bedroom 52, Bedroom 56, Bedroom 6, Bedroom 21, Bathroom 12, Bedroom 29, Bedroom 11, Bathroom 10, Bedroom 31, Bedroom 45, Bedroom 37, Bedroom 53, Bedroom 23, Bathroom 20, Bathroom 19, Bedroom 17, Bedroom 44, Bedroom 54, Bedroom 4, Bedroom 59, Bedroom 1, Bedroom 57, Bedroom 34, Bedroom 33, Bathroom 7, Bedroom 2, Bedroom 43, Bathroom 18, Bedroom 36, Bedroom 30, Bedroom 18, Bedroom 16, Bathroom 17, Bedroom 22, Bedroom 9, Bathroom 15, Bedroom 48, Bedroom 32, Bedroom 13, Bedroom 49, Bedroom 3, Bedroom 47, Bedroom 35, Bathroom 11, Bedroom 27, Bathroom 14, Bedroom 51, Bedroom 20, Bedroom 7, Bathroom 5, Bedroom 25, Bathroom 13, Bedroom 42, Bathroom 16, Bedroom 19, Bathroom 21, Bathroom 8, Bedroom 14, Bathroom 1, Bedroom 8, Bathroom 4, Bedroom 46, Bedroom 38, Bedroom 24, Bathroom 2, Bedroom 5, Bedroom 15, Bedroom 28, Bedroom 41, Bathroom 23, Bedroom 55, Bedroom 10, Bedroom 39, Bedroom 40, Bathroom 22, Bedroom 58
    Bedrooms
    60
    Bathrooms
    19
    APN
    411000 262.54-1-28
    Parking
    24
    Patio and Porch features
    Deck, Patio
    Interior features
    Wall Paneling, Vaulted Ceiling(s), High Speed Internet, Walk-In Closet(s), Wet Bar, Built-in Features, Cathedral Ceiling(s), Ceramic Tile Bath, Chair Rail, Crown Molding, Elevator
    Exterior features
    Garden, Gas Grill
    Fencing
    Fenced
    Basement
    Walk-Out Access, Exterior Entry, Interior Entry, Full
    Accessibility
    Accessible Elevator Installed, Accessible Approach with Ramp
    Size
    29,000 SF
    Lot size
    0.53 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1925
    Number of units
    15
    Flooring type
    Laminate, Hardwood, Wood, Vinyl, Carpet
    Building materials
    Stone, Block, Brick, Masonite
    Roof type
    Metal, Rubber, Flat
    Architectural style
    Other

    We can help!

    Listing Contact
    Joseph I Starr

    Red Door Realty NY, Inc (518) 444-2009

    Listing agent Joseph I Starr (518) 727-6333 License #10401377109

    Listing date Jan 16, 2026

    MLS# 202521145 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Turnkey Apartment Building Investment

    This is a fully occupied, turnkey investment property featuring 15 high-end apartments. The building, originally constructed as Saint Paul's, was converted in late 2020, blending 1920s elegance with modern style and comforts. The property includes all new windows, doors, roof, and mechanical systems. Configured with common spaces, the building offers a lounge, banquet space, prep kitchen, rooftop terrace, private outdoor patios, and a gym, along with two offices and 12 storage units. There is potential to add four more apartments. Off-street parking is available. Each unit operates independently with its own electric, furnace, and water heater, and includes a washer and dryer, wifi thermostats, granite countertops, and stainless steel appliances. The property is situated on a 0.53-acre lot and encompasses 29,000 square feet. It is located in Mechanicville, NY. The building was set up like a hotel with lots of common space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Mechanicville
    County
    Saratoga
    State
    New York
    Longitude
    -73.685717
    Latitude
    42.906477

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    FAQs

    What type of property is this?
    Apartment building - Fully occupied, high-end apartments with modern amenities and strong cap rate.
    Where is this apartment building located?
    The property is located at 34 Williams St Mechanicville, NY.
    What is the asking price?
    The asking price for this property is $3,499,000.
    What are key features of this property?
    This property features: - Turn-key investment property with a nearly 9% cap rate.; - Fully occupied building with **15 high-end apartments.**; - Building renovated in late 2020 with all new windows, doors, roof, and mechanicals.
    (518) 727-6333
    Request Owner's contact information
    34 Williams St Mechanicville, NY 12118
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    Mechanicville, NY 12118
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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.

    More about this property
    34 Williams St Mechanicville, NY 12118
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    We can help!
    Listing Contact
    Joseph I Starr
    Real Estate License ID: 10401377109
    (518) 727-6333
    Learn more
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