110 Broad Street Gloversville, NY 12078
Multifamily property with 8 units and additional development opportunity.
- Added:
- Apr 27, 2026
- Days on Market:
- 78
- Last Refresh:
- Jul 5 at 8:58 am
Property Features for 110 Broad Street
General Information
- Standard status
- Active
- Size
- 3,992 SF
- Property subtype
- Multi Family / Multi Family
Building Details
- Year Built
- 1935
Listing office Schermerhorn Realty Group LLC (518) 812-7178
Listing date Apr 27, 2026
Source Compass
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 Schermerhorn Realty Group LLC
Investment Insights
Based on property information with market context.
Key Highlights
- High Income Potential: Currently grossing $71,244 with an immediate increase to $83,184 expected this week.
- Multiple Units: Features 8 units, offering diversified income streams.
- 6 of the 8 units have been remodeled, reducing immediate renovation costs.
Local Financial Insights For Mixed Use
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 | $86.2k | $21.60 |
| − Vacancy | −$8.6k | −$2.16 |
| EGI | $77.6k | $19.44 |
| − OpEx | −$29.1k | −$7.29 |
| NOI | $48.5k | $12.15 |
