River-View Mixed-Use
11 2nd Street Coeymans, NY 12045
11 2nd Street, Coeymans, NY, 12045
$225,000
For Sale
$225,000
Duplex with two apartment decks overlooking the river, a garage with approved bagel shop use, and separate utilities.
Property Size1,920 SF
Price / SF$117.19
Days on Market118
Property Features for 11 2nd Street
General Information
- Standard status
- Active
- Size
- 1,920 SF
- Property subtype
- Multi Family / Duplex
Building Details
- Year Built
- 1880
Listing agency
Coldwell Banker Prime Properties
(518) 253-0403
Listed by
Kathleen R Palmer · License #10401340095
(518) 253-0403
Source
Compass
Added: Mar 27 Updated: Jul 20 at 9:10PM Checked: Jul 21 at 8:14AM
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 Coldwell Banker Prime Properties
Investment Insights
Based on property information with market context.
This river-view duplex features two large apartment decks and a ground-floor garage with zoning approval for a bagel shop. The top floor is occupied by a long-term tenant. The second floor was recently refreshed with new carpet, new paint, new exterior decking, and a replaced front door.
Convenience is part of the appeal, with public parking directly across the street. The property is described as within walking distance to Yanni’s for dinner during summer, with concerts in the park visible from the apartments.
The units have separate utilities. Both tenants would like to remain, offering potential for continuity while the approved mixed-use configuration supports a bagel shop on the ground level.
Convenience is part of the appeal, with public parking directly across the street. The property is described as within walking distance to Yanni’s for dinner during summer, with concerts in the park visible from the apartments.
The units have separate utilities. Both tenants would like to remain, offering potential for continuity while the approved mixed-use configuration supports a bagel shop on the ground level.
Key Highlights
- Duplex with two large apartment decks overlooking the river
- Ground‑floor garage has zoning approval for a bagel shop use
- Second floor recently refreshed with new carpet, new paint, and new exterior decking; front door replaced
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 | $39.2k | $20.40 |
| − Vacancy | −$1.9k | −$0.98 |
| EGI | $37.3k | $19.42 |
| − OpEx | −$16.8k | −$8.74 |
| NOI | $20.5k | $10.68 |
1,920 SF · lease $20.40/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$316.7K
$277.1K – $369.5K
NOI $22,170 @ 7.0% cap · market cap 9.85%
Second Best
Apartment 5plus
$293.0K
$256.4K – $341.8K
NOI $20,508 @ 7.0% cap · market cap 9.11%
Theoretical Best
Office A
$599.1K
$524.2K – $699.0K
NOI $41,939 @ 7.0% cap · market cap 18.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex with two apartment decks overlooking the river, a garage with approved bagel shop use, and separate utilities.
Where is this duplex located?
The property is located at 11 2nd Street Coeymans, NY.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Duplex with two large apartment decks overlooking the river; Ground‑floor garage has zoning approval for a bagel shop use; Second floor recently refreshed with new carpet, new paint, and new exterior decking; front door replaced
