Two-Story Mixed-Use
New
For Sale
$225,000
162 Lafayette Street, Schenectady, NY 12305
Separate utility meters serve the salon-level space and upper-floor office, which includes a kitchenette and rear deck.
Property Size1,677 SF
Price / SF$134.17
Days on Market6
Property Features for 162 Lafayette Street
General Information
Standard status
Active
Size
1,677 SF
Property subtype
Commercial
Additional Details
Asking Price
$500,000
Amenities
kitchenette
rear deck
forced hot air (natural gas)
separate gas and electric meters
street parking
off-street parking
Building Details
Year Built
1940
Stories
2
Tenancy
Multi
Listing Agency:
Armida Rose Realty Group
Listed By:
Anthony Durante · License #10401327706
(518) 878-8261
Source:
Signatureonerealtygroup
Added: Sep 26
Changed: Sep 30
Last Checked: Oct 1 at 11:43AM
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 Armida Rose Realty Group
Investment Insights
Based on property information with market context.
This 1,677-square-foot mixed-use property is configured across two floors, with a hair salon on the ground level and office space above. The upper-floor office includes a kitchenette and a rear deck with a city outlook. Both spaces have forced hot air supplied by natural gas, and each has separate gas and electric meters. The building dates to 1940 and carries mixed zoning.
The property is offered as a package with 151 Barret Street, which provides rear access and off-street parking. Street parking is available in front of the building.
The property is offered as a package with 151 Barret Street, which provides rear access and off-street parking. Street parking is available in front of the building.
Key Highlights
- Two‑story building with 1,677 square feet
- Ground floor arranged as a hair salon; second floor used as an office
- Upper‑floor office has a kitchenette and rear deck overlooking the city
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,243
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$404,860
$404.9K
Cap Rate 7%
$289,186
$289.2K
Cap Rate 9%
$224,922
$224.9K
Market Conditions
NOI Build-Up for 1,677 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$30.2K $18.00/SF
− Vacancy
−$1.3K −$0.76/SF
EGI
$28.9K $17.24/SF
− OpEx
−$8.7K −$5.17/SF
NOI
$20.2K $12.07/SF
Area
Schenectady 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$404,860
Cap Rate 7%
$289,186
Cap Rate 9%
$224,922
Alternative Uses
Best Use
Mixed Use
$330.6K
$289.3K – $385.7K
NOI $23,143 @ 7.0% cap · market cap 10.29%
Second Best
Retail
$289.2K
$253.0K – $337.4K
NOI $20,243 @ 7.0% cap · market cap 9.00%
Theoretical Best
Office A
$502.0K
$439.2K – $585.6K
NOI $35,137 @ 7.0% cap · market cap 15.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,205
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Separate utility meters serve the salon-level space and upper-floor office, which includes a kitchenette and rear deck.
Where is this mixed-use property located?
The property is located at 162 Lafayette Street Schenectady, NY.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two‑story building with 1,677 square feet; Ground floor arranged as a hair salon; second floor used as an office; Upper‑floor office has a kitchenette and rear deck overlooking the city
