Duplex With Two-Car
16 Pennsylvania Avenue, East Greenbush, NY 12144
For Sale
$289,900
The two-family property includes a partially finished basement and a level backyard.
Property Size1,638 SF
Price / SF$176.98
Days on Market34
Property Features for 16 Pennsylvania Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Highway Access
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
High Speed Internet
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Coldwell Banker Prime Properties
(518) 477-1000
Listed By:
Joan Rapp · License NY 30RA0560927
(518) 331-2458
Source:
Davalarealestate
Added: Oct 8
Changed: Nov 9
Last Checked: Nov 9 at 12:04PM
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 Coldwell Banker Prime Properties
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Investment Insights
Based on property information with market context.
This 1,638-square-foot duplex, built in 1954, has hardwood floors, updated bathrooms, windows, furnace, and hot water heater. The first-floor unit is vacant and recently updated. A full basement includes a partially finished area, and the property has a two-car garage and level backyard.
The property is in the East Greenbush School District, on a dead-end street, with Regeneron, the Empire State Trail, shopping, I-787, and I-90 described as nearby.
The property is in the East Greenbush School District, on a dead-end street, with Regeneron, the Empire State Trail, shopping, I-787, and I-90 described as nearby.
Key Highlights
- 1,638‑square‑foot duplex built in 1954
- Vacant first‑floor unit with recent updates
- Two‑car garage and full basement with partially finished space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,454
Cap Rate
7.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$429,080
$429.1K
Cap Rate 7%
$306,486
$306.5K
Cap Rate 9%
$238,378
$238.4K
Market Conditions
NOI Build-Up for 1,638 SF
Gross rent
$32.4K $19.80/SF
− Vacancy
−$1.8K −$1.09/SF
EGI
$30.6K $18.71/SF
− OpEx
−$9.2K −$5.61/SF
NOI
$21.5K $13.10/SF
Area
Rensselaer County, NY
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$429,080
Cap Rate 7%
$306,486
Cap Rate 9%
$238,378
Alternative Uses
Best Use
Multifamily LT 5
$306.5K
$268.2K – $357.6K
NOI $21,454 @ 7.0% cap · market cap 7.40%
Second Best
Apartment 5plus
$284.0K
$248.5K – $331.4K
NOI $19,882 @ 7.0% cap · market cap 6.86%
Theoretical Best
Office A
$409.5K
$358.3K – $477.7K
NOI $28,663 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
212
Businesses Nearby
Explore this area
Business Placement
Demographics for 12144, NY
21,277
Population
10,474
Households
2
Avg Household Size
40
Median Age
38%
College-Educated
93%
High-School Grad
18.3 sq mi
ZIP Area
1,163
Density / Sq Mi
$88,357
Median Household Income
$51,893
Median Earnings
$1,379
Median Rent
$235,300
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Rensselaer County, NY
Properties on Market for Duplexes in Rensselaer County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The two-family property includes a partially finished basement and a level backyard.
Where is this duplex located?
The property is located at 16 Pennsylvania Avenue East Greenbush, NY.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: 1,638‑square‑foot duplex built in 1954; Vacant first‑floor unit with recent updates; Two‑car garage and full basement with partially finished space
