Seven-Unit Apartment
For Sale
$799,999
144-146 Vley Road, Scotia, NY 12302
Two buildings include a separate office area and a warehouse/storage building alongside the apartments.
Property Size8,274 SF
Price / SF$96.69
Days on Market27
Property Features for 144-146 Vley Road
General Information
Standard status
Active
Size
8,274 SF
Total Parking Spaces
12
Property subtype
Multi Family Home
Zoning
Mixed
Units
Unit Mix
5 x 2BR, 2 x 1BR
Multifamily Units
7
Additional Details
Warehouse Space
3,000 SF
Tenant in Place
Yes
Property Use
Warehouse
Taxes and HOA fees
Annual Taxes
$21,247
Building Details
Building Size
8,274 SF
Year Built
1940
Buildings
2
Units
7
Listing Agency:
Burns Management
(518) 456-7155
Listed By:
Patrick Poirier
(518) 524-7509
Source:
Junellrealty
Added: Oct 5
Changed: Oct 27
Last Checked: Oct 31 at 5:22AM
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 Burns Management
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Scotia multifamily property comprises seven apartments across two buildings: five two-bedroom units and two one-bedroom units. A separate third-floor area is configured as an open office, and the site also includes an approximately 3,000-square-foot warehouse/storage building. The two tax parcels at 144 and 146 Vley Road are being offered together in one sale.
Apartment improvements include kitchen and bathroom updates, two newly created apartments at 146 Vley Road, and a new front porch at 144 Vley Road. The buildings date to 1940, and the property is zoned Mixed. Current residents hold written leases, with leasing managed by a licensed real estate professional.
Apartment improvements include kitchen and bathroom updates, two newly created apartments at 146 Vley Road, and a new front porch at 144 Vley Road. The buildings date to 1940, and the property is zoned Mixed. Current residents hold written leases, with leasing managed by a licensed real estate professional.
Key Highlights
- Seven apartments: five two‑bedroom units and two one‑bedroom units
- Apartments are distributed across two buildings on separate tax parcels offered together
- Approximately 3,000‑square‑foot warehouse/storage building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,138
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,242,760
$1.2M
Cap Rate 7%
$887,686
$887.7K
Cap Rate 9%
$690,422
$690.4K
Market Conditions
NOI Build-Up for 8,274 SF
Gross rent
$78.4K $9.48/SF
− Vacancy
−$5.3K −$0.64/SF
EGI
$73.1K $8.84/SF
− OpEx
−$11.0K −$1.33/SF
NOI
$62.1K $7.51/SF
Area
Schenectady County, NY
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,242,760
Cap Rate 7%
$887,686
Cap Rate 9%
$690,422
Alternative Uses
Best Use
Mixed Use
$1.63M
$1.43M – $1.90M
NOI $114,181 @ 7.0% cap · market cap 14.27%
Second Best
Apartment 5plus
$1.21M
$1.06M – $1.41M
NOI $84,517 @ 7.0% cap · market cap 10.56%
Theoretical Best
Office A
$2.48M
$2.17M – $2.89M
NOI $173,357 @ 7.0% cap · market cap 21.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
445
Businesses Nearby
Explore this area
Business Placement
Demographics for 12302, NY
27,618
Population
12,406
Households
2.2
Avg Household Size
45
Median Age
42%
College-Educated
95%
High-School Grad
43.3 sq mi
ZIP Area
638
Density / Sq Mi
$94,156
Median Household Income
$55,305
Median Earnings
$1,207
Median Rent
$240,700
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Two buildings include a separate office area and a warehouse/storage building alongside the apartments.
Where is this apartment building located?
The property is located at 144-146 Vley Road Scotia, NY.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: Seven apartments: five two‑bedroom units and two one‑bedroom units; Apartments are distributed across two buildings on separate tax parcels offered together; Approximately 3,000‑square‑foot warehouse/storage building
