Quadplex With Private
103B Point Breeze Road, Saratoga Springs, NY 12866
For Sale
$1,200,000
Pending
Four two-bedroom apartments combine private balconies, in-unit laundry, and direct access to Saratoga Lake.
Property Size4,760 SF
Days on Market265
Property Features for 103B Point Breeze Road
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Amenities
private balconies
central air
storage sheds
paver patio
private dock
in-unit laundry
Building Details
Year Built
Buildings
Listing Agency:
Newcomb Realty Group LLC
(518) 250-9827
Listed By:
Wayne A Newcomb, Jr. · License NY 40NE0858576
(518) 424-6821
Source:
Simplywoodardrealestate
Added: Feb 19
Changed: Nov 9
Last Checked: Nov 9 at 9:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Newcomb Realty Group LLC
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Investment Insights
Based on property information with market context.
This 4,760-square-foot quadplex, built in 2014, contains four apartments, each with two bedrooms, a living room, a kitchen with appliances and granite countertops, and a bathroom with laundry. Central air conditioning and crown molding are included in the units. Private front balconies provide views of Saratoga Lake, and separate storage sheds serve the building.
The property offers direct lake access and includes a private dock. A paver patio provides additional outdoor space. Downtown Saratoga Springs and I-87 are nearby.
The four-unit configuration is presented as a rental property, with the option for an owner occupant to live in one apartment and lease the others.
The property offers direct lake access and includes a private dock. A paver patio provides additional outdoor space. Downtown Saratoga Springs and I-87 are nearby.
The four-unit configuration is presented as a rental property, with the option for an owner occupant to live in one apartment and lease the others.
Key Highlights
- Four apartments, each with two bedrooms
- 4,760 square feet; built in 2014
- Direct Saratoga Lake access and a private dock
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,642
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,412,840
$1.4M
Cap Rate 7%
$1,009,171
$1.0M
Cap Rate 9%
$784,911
$784.9K
Market Conditions
NOI Build-Up for 4,760 SF
Gross rent
$105.7K $22.20/SF
− Vacancy
−$4.8K −$1.00/SF
EGI
$100.9K $21.20/SF
− OpEx
−$30.3K −$6.36/SF
NOI
$70.6K $14.84/SF
Area
Saratoga County, NY
Vacancy
4.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,412,840
Cap Rate 7%
$1,009,171
Cap Rate 9%
$784,911
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$883.0K – $1.18M
NOI $70,642 @ 7.0% cap · market cap 5.89%
Second Best
Apartment 5plus
$902.9K
$790.0K – $1.05M
NOI $63,203 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$1.42M
$1.25M – $1.66M
NOI $99,732 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
72
Businesses Nearby
Explore this area
Business Placement
Demographics for 12866, NY
40,355
Population
20,462
Households
2
Avg Household Size
44
Median Age
55%
College-Educated
95%
High-School Grad
64.3 sq mi
ZIP Area
628
Density / Sq Mi
$98,374
Median Household Income
$53,265
Median Earnings
$1,460
Median Rent
$419,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom apartments combine private balconies, in-unit laundry, and direct access to Saratoga Lake.
Where is this quadplex located?
The property is located at 103B Point Breeze Road Saratoga Springs, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Four apartments, each with two bedrooms; 4,760 square feet; built in 2014; Direct Saratoga Lake access and a private dock
