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    1049 River Rd Selkirk, NY 12158

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    For Sale
    $425,000

    8-room motel with multi-family home, currently a halfway house.

    Property size:
    4,246 SF

    Property Features for 1049 River Rd

    General Information

    Size
    4,246 SF
    Source: Pyramidbrokerage

    Listing Agent: Pyramid Brokerage Albany

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Motel with Additional Residential Units

    This property features an 8-room motel and a multi-family home with 2 additional units. Currently operating as a halfway house for military veterans, the property also includes a caretaker's apartment on the first floor of the home. The property offers potential for investors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Creekside Docs Housing Society

    Suggested Use

    Law Firm Auto Repair Shop Hotel & Motel HVAC Service Furniture Store

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

    Similar Places Nearby

    Mansion at Cedar Hill, Creekside Docs

    Location Insight

    • Map
    • Local Demand
    City
    Selkirk
    County
    Albany
    State
    New York
    Longitude
    -73.77034
    Latitude
    42.550304

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    FAQs

    What type of property is this?
    Motel - 8-room motel with multi-family home, currently a halfway house.
    Where is this motel located?
    The property is located at 1049 River Rd Selkirk, NY.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: - Operating as a halfway house for military veterans, offering immediate social impact and potential government funding opportunities.; - Includes an 8-room motel and a multi-family home with 2 additional units, providing diverse income streams.; - Features a caretaker's apartment on the first floor, ensuring on-site management and security.
    (518) 452-2700
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    1049 River Rd Selkirk, NY 12158
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    Selkirk, NY 12158
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    Realmo Value Estimation

    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.

    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.

    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
    1049 River Rd Selkirk, NY 12158
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