Office Units in Downtown Business
For Sale
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1626 Union, Schenectady, NY 12309
The 1997 property offers office space in a downtown business district.
Property Size3,610 SF
Price / SF$0.78
Days on Market143
Property Features for 1626 Union
General Information
Standard status
Active
Size
3,610 SF
Property subtype
Office
Additional Details
Property Use
Office
Building Details
Year Built
1997
Listing Agency:
M J J Realty
Listed By:
Z. Ron Xiong · License #49XI0932304
(518) 253-8878
Source:
Simplywoodardrealestate
Added: Jun 13
Changed: Nov 1
Last Checked: Nov 1 at 4:02PM
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 M J J Realty
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Investment Insights
Based on property information with market context.
Office units are available in a property built in 1997, located in Schenectady’s downtown business district. The source data identifies 2,200 square feet of office space and a total property size of 3,610 square feet.
Key Highlights
- 2,200 square feet of office space
- 3,610‑square‑foot property
- Built in 1997
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,828
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,216,560
$1.2M
Cap Rate 7%
$868,971
$869.0K
Cap Rate 9%
$675,867
$675.9K
Market Conditions
NOI Build-Up for 3,610 SF
Gross rent
$95.3K $26.40/SF
− Vacancy
−$14.2K −$3.93/SF
EGI
$81.1K $22.47/SF
− OpEx
−$20.3K −$5.62/SF
NOI
$60.8K $16.85/SF
Area
Schenectady County, NY
Vacancy
14.90%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,216,560
Cap Rate 7%
$868,971
Cap Rate 9%
$675,867
Alternative Uses
Best Use
Office B
$869.0K
$760.4K – $1.01M
NOI $60,828 @ 7.0% cap · market cap 2,172.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.08M
$945.5K – $1.26M
NOI $75,637 @ 7.0% cap · market cap 2,701.32%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
917
Businesses Nearby
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Business Placement
Demographics for 12309, NY
31,273
Population
13,623
Households
2.3
Avg Household Size
43
Median Age
59%
College-Educated
97%
High-School Grad
17.6 sq mi
ZIP Area
1,777
Density / Sq Mi
$119,830
Median Household Income
$68,167
Median Earnings
$1,472
Median Rent
$301,100
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The 1997 property offers office space in a downtown business district.
Where is this office unit located?
The property is located at 1626 Union Schenectady, NY.
What are key features of this property?
This property features: 2,200 square feet of office space; 3,610‑square‑foot property; Built in 1997
