Subdividable Mixed-Use
For Sale
Contact for pricing
120 Erie Boulevard, Schenectady, NY 12305
Retail, office, and mixed-use configurations are identified for this Erie Boulevard property.
Property Size22,240 SF
Days on Market104
Property Features for 120 Erie Boulevard
General Information
Standard status
Active
Size
22,240 SF
Property subtype
Business
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Property Use
Office
Building Details
Year Built
1983
Listing Agency:
Berkshire Hathaway Home Services Blake
(518) 464-0870
Listed By:
Karen Zalewski-Wildzunas · License #10301219752
(518) 858-4719
Source:
Simplywoodardrealestate
Added: Jul 22
Changed: Nov 1
Last Checked: Nov 1 at 2:59PM
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 Berkshire Hathaway Home Services Blake
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Investment Insights
Based on property information with market context.
At 120 Erie Boulevard in Schenectady, this 22,240-square-foot mixed-use property was built in 1983. The building is described as subdividable, with retail, office, and mixed-use development among the identified configuration options.
Mohawk Harbor, Rivers Casino, and Union College are nearby. The property is also described as having access to major highways and public transportation.
Mohawk Harbor, Rivers Casino, and Union College are nearby. The property is also described as having access to major highways and public transportation.
Key Highlights
- 22,240‑square‑foot mixed‑use property
- Built in 1983
- Subdividable property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$306,912
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,138,240
$6.1M
Cap Rate 7%
$4,384,457
$4.4M
Cap Rate 9%
$3,410,133
$3.4M
Market Conditions
NOI Build-Up for 22,240 SF
Gross rent
$533.8K $24.00/SF
− Vacancy
−$42.7K −$1.92/SF
EGI
$491.1K $22.08/SF
− OpEx
−$184.1K −$8.28/SF
NOI
$306.9K $13.80/SF
Area
Schenectady County, NY
Vacancy
8.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,138,240
Cap Rate 7%
$4,384,457
Cap Rate 9%
$3,410,133
Alternative Uses
Best Use
Mixed Use
$4.38M
$3.84M – $5.12M
NOI $306,912 @ 7.0% cap · market cap 30,691,200.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.66M
$5.82M – $7.77M
NOI $465,972 @ 7.0% cap · market cap 46,597,200.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,862
Businesses Nearby
Explore this area
Business Placement
Demographics for 12305, NY
6,085
Population
4,103
Households
1.5
Avg Household Size
37
Median Age
34%
College-Educated
88%
High-School Grad
1.5 sq mi
ZIP Area
4,057
Density / Sq Mi
$50,308
Median Household Income
$34,228
Median Earnings
$1,067
Median Rent
$162,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail, office, and mixed-use configurations are identified for this Erie Boulevard property.
Where is this mixed-use property located?
The property is located at 120 Erie Boulevard Schenectady, NY.
What are key features of this property?
This property features: 22,240‑square‑foot mixed‑use property; Built in 1983; Subdividable property
