Updated Condo in
For Sale
$210,000
1976 Curry Road #E-136, Schenectady, NY 12303
Move-in ready, updated 2-bedroom condo near shopping and dining.
Property Size1,025 SF
Price / SF$204.88
Days on Market443
Property Features for 1976 Curry Road #E-136
General Information
Standard status
Active
Size
1,025 SF
Property subtype
Condominium
Amenities
Fireplace
Forced Air
Central Air
Natural Gas
Built-In Electric Oven
Dishwasher
Microwave
Refrigerator
Washer/Dryer
Patio, Porch, Asphalt
Building Details
Building Size
1,025 SF
Year Built
1990
Listing Agency:
KW Platform
Listed By:
Jessica Baxter · License #10401349913
(518) 925-3575
Source:
Kw
Added: Jun 19, 2025
Changed: Sep 3
Last Checked: Sep 4 at 4:49PM
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.
Located at 1976 Curry Rd #E136 in Schenectady, this updated condo offers 1,025 sq ft of single-level living space. The property features two bedrooms and one bathroom. Recent updates include new vinyl flooring throughout the unit, freshly painted walls, and upgraded appliances in the functional kitchen. A new furnace and hot water tank have also been installed. The condo includes a spacious living room and generously sized bedrooms. The location provides convenient access to shopping, dining, and major roads.
Key Highlights
- Move‑in ready condition with recent updates including new furnace and hot water tank.
- Single‑level living with 2 bedrooms and 1 bath in 1,025 sq ft.
- Updated with new vinyl flooring throughout and upgraded appliances.
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
$10,470
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
4.99%
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%
$209,400
$209.4K
Cap Rate 7%
$149,571
$149.6K
Cap Rate 9%
$116,333
$116.3K
Market Conditions
NOI Build-Up for 1,025 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
$20.3K $19.80/SF
− Vacancy
−$1.3K −$1.23/SF
EGI
$19.0K $18.57/SF
− OpEx
−$8.6K −$8.36/SF
NOI
$10.5K $10.21/SF
Area
Schenectady County, NY
Vacancy
6.20%
Lease Rate
$19.80 /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%
$209,400
Cap Rate 7%
$149,571
Cap Rate 9%
$116,333
Alternative Uses
Best Use
Apartment 5plus
$149.6K
$130.9K – $174.5K
NOI $10,470 @ 7.0% cap · market cap 4.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$306.8K
$268.5K – $357.9K
NOI $21,476 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
345
Businesses Nearby
Explore this area
Business Placement
Demographics for 12303, NY
30,893
Population
12,533
Households
2.5
Avg Household Size
41
Median Age
35%
College-Educated
90%
High-School Grad
15.6 sq mi
ZIP Area
1,980
Density / Sq Mi
$77,615
Median Household Income
$50,051
Median Earnings
$1,120
Median Rent
$227,500
Median Home Value
Market
Vacancy Rate% for Multifamily 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?
Apartment building - Move-in ready, updated 2-bedroom condo near shopping and dining.
Where is this apartment building located?
The property is located at 1976 Curry Road #E-136 Schenectady, NY.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Move‑in ready condition with recent updates including new furnace and hot water tank.; Single‑level living with 2 bedrooms and 1 bath in 1,025 sq ft.; Updated with new vinyl flooring throughout and upgraded appliances.
