Building Details

Year Built 1900

Listing Agency: The Property Shop j***@live.com Show Phone

Listed By: Daniel Oh · License #10401266104 Show Phone

Source: Simplywoodardrealestate

Added: Jul 26 Changed: Nov 1 Last Checked: Nov 1 at 3:45PM

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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 The Property Shop

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Investment Insights

Based on property information with market context.

Located at 129 Remsen Street in downtown Cohoes, this street-level retail space is arranged with multiple private suites, a reception area, and a rear room. The layout includes ventilation and sinks, with the rear room available for storage or staff use. The property previously operated as a beauty salon.

Its downtown Cohoes setting places the space on Remsen Street, among businesses serving the area. The suite’s existing rooms and plumbing-related features provide a defined interior configuration for a retail or personal-service operation.

Key Highlights

• Streetfront retail space at 129 Remsen Street in Cohoes
• Multiple private suites with ventilation and sinks
• Reception area and separate rear room

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$48,742

Suggested Prices Based on Cap Rates

Cap Rate 5%

$974,840 $974.8K

Cap Rate 7%

$696,314 $696.3K

Cap Rate 9%

$541,578 $541.6K

What to ask about pricing

Market Conditions

NOI Build-Up for 4,038 SF

Gross rent

$72.7K $18.00/SF

− Vacancy

−$3.1K −$0.76/SF

EGI

$69.6K $17.24/SF

− OpEx

−$20.9K −$5.17/SF

NOI

$48.7K $12.07/SF

Area

Albany County, NY

Vacancy

4.20%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$974,840

Cap Rate 7%

$696,314

Cap Rate 9%

$541,578

Alternative Uses

Best Use

Retail

$696.3K

$609.3K – $812.4K (±1% cap)

NOI $48,742 @ 7.0% cap · market cap 3,260.33%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.26M

$1.10M – $1.47M (±1% cap)

NOI $88,202 @ 7.0% cap · market cap 5,899.80%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Michael Kowal DDS Dental Office Renewal Skin Studio Alternative Medicine Practice Renewal Skin Studio ... Spa & Massage Center

Suggested Use

Top Pick Law Firm Parking Lot & Garage Real Estate Agency Cafe & Coffee Shop Grocery & Convenience Store Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

726

Businesses Nearby

88k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 60% Dining 40%

Burger King Dining

18,053 visits/mo 0.2 miles

Dunkin' Donuts Dining

16,106 visits/mo 0.2 miles

Cap Com Federal Credit Union Shops & Services

12,874 visits/mo 0.3 miles

Sunoco Shops & Services

12,113 visits/mo 0.2 miles

Dollar Tree Shops & Services

11,392 visits/mo 0.2 miles

Demographics for 12047, NY

23,347

Population

10,963

Households

2.1

Avg Household Size

40

Median Age

33%

College-Educated

91%

High-School Grad

8.8 sq mi

ZIP Area

2,653

Density / Sq Mi

$66,970

Median Household Income

$46,476

Median Earnings

$1,213

Median Rent

$237,200

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Multiple private suites are complemented by a reception area and a separate rear room.

Where is this retail space located?

The property is located at 129 Remsen Street #1 Cohoes, NY.

What are key features of this property?

This property features: Streetfront retail space at 129 Remsen Street in Cohoes; Multiple private suites with ventilation and sinks; Reception area and separate rear room