Brick Duplex with Two-Car
For Sale
$299,000
1905 Hamburg Street, Rotterdam, NY 12304
Two updated units offer basement storage, off-street parking, and shared backyard space in the Mohonasen School District.
Property Size1,615 SF
Price / SF$185.14
Days on Market187
Property Features for 1905 Hamburg Street
General Information
Standard status
Active
Size
1,615 SF
Total Parking Spaces
6
Property subtype
Multi Family / Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,837
Amenities
hardwood floors
full unfinished basement
shared backyard space
Shingle
None, No
Forced Air, Hot Water, Natural Gas, Yes
Full, Heated, Unfinished
Circuit Breakers
Hardwood
High Speed Internet
Brick
Yes
Back Yard
Garage(s)
Building Details
Year Built
1920
Buildings
1
Construction
brick
Listing Agency:
Miranda Real Estate Group Inc
(518) 577-0618
Listed By:
Nancy A Bobar · License #10401274600
(518) 577-0618
Source:
Compass
Added: Feb 24
Changed: Aug 29
Last Checked: Aug 29 at 7:37PM
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 Miranda Real Estate Group Inc
Investment Insights
Based on property information with market context.
This 1,615-square-foot brick duplex, built in 1920, contains two residential units with remodeled interiors and hardwood flooring. The first-floor unit includes flexible additional space suitable for a den, office, or second bedroom. Both units have access to a full, heated, unfinished basement for storage. Building systems include forced-air and hot-water heat, natural gas, and circuit breakers, with high-speed internet listed among the interior features.
Exterior amenities include a two-car garage, a driveway accommodating up to 6 vehicles, and a shared backyard. The property is located in the Mohonasen School District and near shopping, restaurants, and other local amenities.
Exterior amenities include a two-car garage, a driveway accommodating up to 6 vehicles, and a shared backyard. The property is located in the Mohonasen School District and near shopping, restaurants, and other local amenities.
Key Highlights
- Two‑unit brick property with 1,615 SF of building area
- First‑floor unit includes additional den, office, or potential 2nd‑bedroom space
- Full, heated, unfinished basement provides storage access for both 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
$18,392
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
6.15%
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%
$367,840
$367.8K
Cap Rate 7%
$262,743
$262.7K
Cap Rate 9%
$204,356
$204.4K
Market Conditions
NOI Build-Up for 1,615 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
$28.1K $17.40/SF
− Vacancy
−$1.8K −$1.13/SF
EGI
$26.3K $16.27/SF
− OpEx
−$7.9K −$4.88/SF
NOI
$18.4K $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%
$367,840
Cap Rate 7%
$262,743
Cap Rate 9%
$204,356
Alternative Uses
Best Use
Multifamily LT 5
$262.7K
$229.9K – $306.5K
NOI $18,392 @ 7.0% cap · market cap 6.15%
Second Best
Apartment 5plus
$235.7K
$206.2K – $275.0K
NOI $16,497 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$483.4K
$423.0K – $564.0K
NOI $33,837 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
476
Businesses Nearby
Explore this area
Business Placement
Demographics for 12304, NY
21,513
Population
9,438
Households
2.3
Avg Household Size
40
Median Age
25%
College-Educated
88%
High-School Grad
6.7 sq mi
ZIP Area
3,211
Density / Sq Mi
$67,688
Median Household Income
$43,824
Median Earnings
$1,049
Median Rent
$171,500
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 - Two updated units offer basement storage, off-street parking, and shared backyard space in the Mohonasen School District.
Where is this duplex located?
The property is located at 1905 Hamburg Street Rotterdam, NY.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two‑unit brick property with 1,615 SF of building area; First‑floor unit includes additional den, office, or potential 2nd‑bedroom space; Full, heated, unfinished basement provides storage access for both units
