Mixed-Use Property with
For Sale
$799,000
939 Crane Street, Schenectady, NY 12303
Four residential units complement an on-site bar and restaurant operation.
Property Size4,920 SF
Price / SF$162.40
Days on Market586
Property Features for 939 Crane Street
General Information
Standard status
Active
Size
4,920 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$6,585
Building Details
Building Size
4,920 SF
Stories
4
Listing Agency:
Affordable Realty Corp
(718) 468-4000
Listed By:
Nazim K. Mohamed · License #31MO0775980
(917) 213-2105
Source:
Croninreale
Added: Mar 24, 2025
Changed: Oct 25
Last Checked: Oct 29 at 8:39PM
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 Affordable Realty Corp
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Investment Insights
Based on property information with market context.
This 4,920-square-foot mixed-use property pairs a four-family residential component with a bar and restaurant. The offering includes business equipment, a finished basement, and a private driveway. An attic may accommodate a fifth apartment, subject to feasibility.
An additional 45 x 164 lot is included. Nearby destinations and services include a school, parks, public transportation, Metro-North Railroad, a highway, shopping, and restaurants.
An additional 45 x 164 lot is included. Nearby destinations and services include a school, parks, public transportation, Metro-North Railroad, a highway, shopping, and restaurants.
Key Highlights
- Four‑family property with an on‑site bar and restaurant
- 4,920 square feet of mixed‑use space
- Additional 45 x 164 lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,145
Cap Rate
8.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,382,900
$1.4M
Cap Rate 7%
$987,786
$987.8K
Cap Rate 9%
$768,278
$768.3K
Market Conditions
NOI Build-Up for 4,920 SF
Gross rent
$96.2K $19.56/SF
− Vacancy
−$4.0K −$0.82/SF
EGI
$92.2K $18.74/SF
− OpEx
−$23.0K −$4.68/SF
NOI
$69.1K $14.05/SF
Area
Schenectady County, NY
Vacancy
4.20%
Lease Rate
$19.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,382,900
Cap Rate 7%
$987,786
Cap Rate 9%
$768,278
Alternative Uses
Best Use
Specialty Retail
$987.8K
$864.3K – $1.15M
NOI $69,145 @ 7.0% cap · market cap 8.65%
Second Best
Mixed Use
$969.9K
$848.7K – $1.13M
NOI $67,896 @ 7.0% cap · market cap 8.50%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,084 @ 7.0% cap · market cap 12.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
Explore this area
Business Placement
Demographics for 12303, NY
30,893
Population
12,533
Households
2.5
Avg Household Size
41
Median Age
35%
College-Educated
90%
High-School Grad
15.6 sq mi
ZIP Area
1,980
Density / Sq Mi
$77,615
Median Household Income
$50,051
Median Earnings
$1,120
Median Rent
$227,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four residential units complement an on-site bar and restaurant operation.
Where is this mixed-use property located?
The property is located at 939 Crane Street Schenectady, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Four‑family property with an on‑site bar and restaurant; 4,920 square feet of mixed‑use space; Additional 45 x 164 lot
