1011 Union Street, Schenectady, NY 12308
- Added:
- Feb 3, 2026
- Days on Market:
- 127
- Last Refresh:
- Jun 10 at 9:06 am
Property Features for 1011 Union Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Multi Residence
- Bathrooms
- 16
- Rooms
- Bathroom 1, Bathroom 14, Bathroom 10, Bathroom 11, Bathroom 12, Bathroom 15, Bathroom 7, Bathroom 13, Bathroom 8, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 16, Bathroom 5, Bathroom 9, Bathroom 6
- Parking
- 18
- Parking features
- On Street
- Security features
- Security Lighting
- Interior features
- High Speed Internet, Built-in Features, Ceramic Tile Bath
- Basement
- Walk-Out Access, Unfinished, Full, Interior Entry, Exterior Entry
- Standard status
- Pending
- APN
- 421500 39.75-1-23
- Size
- 10,809 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Annual Amount
- 17349
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas, Baseboard, Zoned, Electric (Heating)
- Water source
- Public
Building Details
- Year built
- 1984
- Floors in Building
- 3
- Flooring type
- Hardwood, Vinyl, Tile - Ceramic
- Building materials
- Brick
- Roof type
- Flat, Rubber
- Architectural style
- Other
Listing agent Richard Carr License #10491207486 (518) 488-2434
Listing office Carr Real Estate Group, LLC 79 Blue Jay Way, Rexford, NY (518) 488-2434
Listing date Feb 3, 2026
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.
HighLights
- 16‑unit brick multifamily with 19 total bedrooms and 51 total rooms
- Gross rents of $17,780/month and $213,360 gross annual scheduled rent roll
- Sprinkler system in common areas across all four levels
- New rubber roof installed in 2022; flat rubber roof
- Utilities: public water and public sewer
- Heating includes zoned forced air with natural gas and electric/baseboard options; on‑street parking
Overview
Local Financial Insights For Apartment 5plus
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 | $214.0k | $19.80 |
| − Vacancy | −$13.3k | −$1.23 |
| EGI | $200.7k | $18.57 |
| − OpEx | −$90.3k | −$8.36 |
| NOI | $110.4k | $10.21 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Schenectady
- County
- Schenectady
- State
- New York
- Longitude
- -73.92583
- Latitude
- 42.812937
