Brick Duplex With Finished
For Sale
$525,000
1719 Eastern Parkway, Schenectady, NY 12309
All-brick two-family property with a custom kitchen, bonus family room, central air, and forced-air heating.
Property Size3,143 SF
Days on Market219
Property Features for 1719 Eastern Parkway
General Information
Standard status
Active
Size
3,143 SF
Property subtype
Duplex
Amenities
Fireplace
Natural Gas
Central Air
Forced Air
Porch, Asbestos Shingle
Building Details
Building Size
3,143 SF
Year Built
1925
Listing Agency:
Buy N Sell Realty Inc
Listed By:
Subhash D Sukhram
(518) 322-9877
Source:
Kw
Added: Jan 23
Changed: Aug 30
Last Checked: Aug 30 at 1:53AM
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 Buy N Sell Realty Inc
Investment Insights
Based on property information with market context.
Built in 1925, this all-brick duplex offers a two-family configuration with 6 bedrooms and 2 full baths. Interior features include a custom kitchen, bonus family room, fireplace, central air, and forced-air heating and cooling supported by high-efficiency units. Natural gas service is also present.
The property includes a finished 2-car garage and a porch. Exterior materials include brick and asbestos shingle elements, providing a combination of durable masonry construction and existing residential detailing. The address is 1719 Eastern Parkway in Schenectady, New York.
The property includes a finished 2-car garage and a porch. Exterior materials include brick and asbestos shingle elements, providing a combination of durable masonry construction and existing residential detailing. The address is 1719 Eastern Parkway in Schenectady, New York.
Key Highlights
- Two‑family layout with 6 bedrooms and 2 full baths
- Finished 2‑car garage
- All‑brick construction with porch
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
$35,793
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
6.82%
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%
$715,860
$715.9K
Cap Rate 7%
$511,329
$511.3K
Cap Rate 9%
$397,700
$397.7K
Market Conditions
NOI Build-Up for 3,143 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
$54.7K $17.40/SF
− Vacancy
−$3.6K −$1.13/SF
EGI
$51.1K $16.27/SF
− OpEx
−$15.3K −$4.88/SF
NOI
$35.8K $11.39/SF
Area
Schenectady County, NY
Vacancy
6.50%
Lease Rate
$17.40 /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%
$715,860
Cap Rate 7%
$511,329
Cap Rate 9%
$397,700
Alternative Uses
Best Use
Multifamily LT 5
$511.3K
$447.4K – $596.6K
NOI $35,793 @ 7.0% cap · market cap 6.82%
Second Best
Apartment 5plus
$458.6K
$401.3K – $535.1K
NOI $32,105 @ 7.0% cap · market cap 6.12%
Theoretical Best
Office A
$940.7K
$823.2K – $1.10M
NOI $65,852 @ 7.0% cap · market cap 12.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
883
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - All-brick two-family property with a custom kitchen, bonus family room, central air, and forced-air heating.
Where is this duplex located?
The property is located at 1719 Eastern Parkway Schenectady, NY.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two‑family layout with 6 bedrooms and 2 full baths; Finished 2‑car garage; All‑brick construction with porch
