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

    415 Broadway Mechanicville, NY 12118

    Sponsored
    For Sale
    Pending
    $215,000

    MULTI_FAMILY - Other - Mechanicville, NY

    Property size:
    2,843 SF
    Lot size:
    0.13 Acres
    Days on Market:
    45
    Last Refresh:
    Jan 31 at 1:06 pm

    Property Features for 415 Broadway

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Window features
    Blinds
    Rooms
    Bedroom 5, Bedroom 3, Bathroom 3, Bedroom 6, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 4
    Bedrooms
    6
    Bathrooms
    3
    APN
    411000 261.68-2-16
    Parking
    5
    Parking features
    Garage, Off Street, Driveway
    Patio and Porch features
    Porch, Deck
    Interior features
    Solid Surface Counters, Paddle Fan
    Exterior features
    Garden
    Basement
    Unfinished
    Size
    2,843 SF
    Lot size
    0.13 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Oil, Hot Water(Heating)
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1895
    Number of units
    2
    Building materials
    Aluminum Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Victoria Romeo
    Victoria Romeo

    Romeo Team Realty (518) 788-8865

    Listing agent Victoria Romeo (518) 788-8865 License #10491206585

    Listing date Dec 18, 2025

    MLS# 202530726 Listing URL

    Copyright © 2025 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

    Spacious Mechanicville Duplex with Garage

    This spacious duplex in Mechanicville, NY, presents an opportunity for both owner-occupants and investors. The property features three levels of living space and a large detached two-car garage with a workshop. The first-floor unit offers an open layout with a living room featuring new carpet installed in 2025 that flows into the dining room. French doors lead to the full bath and a kitchen with updated flooring from 2020 and a refrigerator from 2023. In-unit washer and dryer hookups are available, along with two newly added closets. This level includes three bedrooms with tall ceilings, a front porch, and an enclosed glass porch. The upstairs unit features a living area with dining space, a kitchen with a new stove and refrigerator from 2024, and a large primary bedroom with an attached sitting area suitable for a home office, studio, or extra living space. Additional features include a second bedroom, washer and dryer, an open front porch, an enclosed rear porch, and an elevated deck. Interior and exterior access to the third floor lead to an additional bedroom and a second full bathroom, with new baseboards installed. Additional improvements include new or replaced light fixtures, removal of lath and plaster with new insulation and drywall in various rooms, new ceilings in many rooms, updated basement outtake plumbing, new plumbing to the first-floor bath and second-floor kitchen, a new sump pump from 2025, and a resealed rubber roof from 2025. The property is situated on a 0.13-acre lot and offers 2,843 square feet of living space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Mechanicville
    County
    Saratoga
    State
    New York
    Longitude
    -73.692224
    Latitude
    42.904661

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    FAQs

    What type of property is this?
    Duplex - Three-level duplex with detached garage, updated features, and ample parking.
    Where is this duplex located?
    The property is located at 415 Broadway Mechanicville, NY.
    What is the asking price?
    The asking price for this property is $215,000.
    What are key features of this property?
    This property features: - Spacious duplex with three levels of living space and separate entrances.; - Large, detached 2-car garage with workshop and ample parking.; - Numerous recent major updates including new insulation, drywall, ceilings, plumbing, and sump pump ('25). Resealed rubber roof ('25).
    (518) 788-8865
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    415 Broadway 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
    415 Broadway Mechanicville, NY 12118
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    We can help!
    Listing Contact
    Victoria Romeo
    Victoria Romeo
    Real Estate License ID: 10491206585
    (518) 788-8865
    Learn more
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