Five-Unit Apartment
For Sale
$749,900
175 Beekman Street, Saratoga Springs, NY 12866
Five residential units offer varied bedroom configurations, shared laundry, parking, and a backyard.
Property Size3,902 SF
Price / SF$192.18
Days on Market10
Property Features for 175 Beekman Street
General Information
Standard status
Active
Size
3,902 SF
Total Parking Spaces
3
Property subtype
Multi-family
Units
Unit Mix
2 x 1BR, 1 x 1.5-2BR, 1 x 2BR, 1 x 3BR
Multifamily Units
5
Additional Details
Public Transit
Yes
Amenities
on-site laundry
large backyard
Building Details
Year Built
1930
Listing Agency:
KW Platform
Listed By:
Dominick Marchesiello
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Aug 2
Changed: Aug 9
Last Checked: Aug 10 at 4:35AM
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 KW Platform
Investment Insights
Based on property information with market context.
Built in 1930, this apartment property contains five units: two one-bedroom residences, one 1.5-to-2-bedroom residence, one two-bedroom residence, and one three-bedroom residence. The improvements include an on-site coin-operated laundry room, a large backyard, off-street parking for three vehicles, and additional street parking. Separate gas and electric meters serve all units.
Recent property updates include replacement of most windows, fresh painting, new vinyl siding on the rear, a roof replacement approximately three years ago, and updated natural-gas furnaces throughout. The property is located at 175 Beekman Street in Saratoga Springs, near downtown dining, shopping, and entertainment, with bus lines down the road and the Saratoga Race Course nearby.
Recent property updates include replacement of most windows, fresh painting, new vinyl siding on the rear, a roof replacement approximately three years ago, and updated natural-gas furnaces throughout. The property is located at 175 Beekman Street in Saratoga Springs, near downtown dining, shopping, and entertainment, with bus lines down the road and the Saratoga Race Course nearby.
Key Highlights
- Five‑unit mix with two 1‑bedroom units, one 1.5‑to‑2‑bedroom unit, one 2‑bedroom unit, and one 3‑bedroom unit
- Off‑street parking for three vehicles, plus additional street parking
- Separate gas and electric meters for ALL units
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
$51,810
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
6.91%
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%
$1,036,200
$1.0M
Cap Rate 7%
$740,143
$740.1K
Cap Rate 9%
$575,667
$575.7K
Market Conditions
NOI Build-Up for 3,902 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
$98.3K $25.20/SF
− Vacancy
−$4.1K −$1.06/SF
EGI
$94.2K $24.14/SF
− OpEx
−$42.4K −$10.86/SF
NOI
$51.8K $13.28/SF
Area
Saratoga County, NY
Vacancy
4.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
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%
$1,036,200
Cap Rate 7%
$740,143
Cap Rate 9%
$575,667
Alternative Uses
Best Use
Apartment 5plus
$740.1K
$647.6K – $863.5K
NOI $51,810 @ 7.0% cap · market cap 6.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,755 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
2,713
Businesses Nearby
Explore this area
Business Placement
Demographics for 12866, NY
40,355
Population
20,462
Households
2
Avg Household Size
44
Median Age
55%
College-Educated
95%
High-School Grad
64.3 sq mi
ZIP Area
628
Density / Sq Mi
$98,374
Median Household Income
$53,265
Median Earnings
$1,460
Median Rent
$419,200
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?
Apartment building - Five residential units offer varied bedroom configurations, shared laundry, parking, and a backyard.
Where is this apartment building located?
The property is located at 175 Beekman Street Saratoga Springs, NY.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Five‑unit mix with two 1‑bedroom units, one 1.5‑to‑2‑bedroom unit, one 2‑bedroom unit, and one 3‑bedroom unit; Off‑street parking for three vehicles, plus additional street parking; Separate gas and electric meters for ALL units
