954 State St, Schenectady, NY
Retail property in downtown Schenectady, approximately 8,320 square feet.
- Added:
- Jan 30, 2025
- Days on Market:
- 517
- Last Refresh:
- May 20 at 8:15 pm
Property Features for 954 State St
General Information
- Standard status
- Active
- Size
- 8,320 SF
- Lot size
- 0.94 Acres
- Property subtype
- RETAIL
Listing office NNN Pro Group (332) 345-2408
Listing date Jan 30, 2025
Source Moodyscre
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 NNN Pro Group
HighLights
- Located in Downtown Schenectady, NY
- Strong Real Estate Fundamentals
- Average Household Income Exceeds $89,600 Within a 5‑Mile Radius
- Over 110,200 Individuals Residing in a Three‑Mile Radius
- Average Household Income Exceeds $78,900 Within a 3‑Mile Radius
- Approximately 17 Miles From The State Capital, Albany, NY
Overview
Local Financial Insights For Retail
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 | $149.8k | $18.00 |
| − Vacancy | −$6.3k | −$0.76 |
| EGI | $143.5k | $17.24 |
| − OpEx | −$43.0k | −$5.17 |
| NOI | $100.4k | $12.07 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Schenectady
- County
- Schenectady
- State
- New York
- Longitude
- -73.9309
- Latitude
- 42.8036
