Two-Story Restaurant
For Sale
Contact for pricing
2 Freemans Brg Rd, Schenectady, NY 12302
Includes FF&E, permits, docks, and shared rights to a large parking lot.
Property Size4,500 SF
Price / SF$366.67
Days on Market381
Property Features for 2 Freemans Brg Rd
General Information
Standard status
Active
Size
4,500 SF
Property subtype
RETAIL
Restaurant
Patio
Yes
Equipment Included
Yes
Additional Details
Furnished
Yes
Traffic Count
12,163 vehicles/day
Amenities
docks
river views
Building Details
Buildings
1
Stories
2
Listing Agency:
CBRE | Albany
(518) 281-6942
Listed By:
John MacAffer · License #30MA0901034
(518) 281-6942
Source:
Moodyscre
Added: Jul 18, 2025
Changed: Jul 31
Last Checked: Aug 1 at 10:05AM
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 CBRE | Albany
Investment Insights
Based on property information with market context.
This ±4,500 SF, two-story building includes a ±3,500 SF restaurant with indoor seating for 200 people and outdoor seating for 175 people. The offering includes the building, FF&E, docks, permits, and shared parking rights to a large ±250-space parking lot. The property has a 20-year operating history and views of the Mohawk River.
Located at 2 Freemans Brg Rd in Schenectady, the property has an AADT traffic count of 12,163 and is in close proximity to four hotels, several apartment complexes, and Rivers Casino and Resort. The restaurant’s existing configuration, equipment, seating areas, and parking rights support continued restaurant operations, with lease options also available.
Located at 2 Freemans Brg Rd in Schenectady, the property has an AADT traffic count of 12,163 and is in close proximity to four hotels, several apartment complexes, and Rivers Casino and Resort. The restaurant’s existing configuration, equipment, seating areas, and parking rights support continued restaurant operations, with lease options also available.
Key Highlights
- ±4,500 SF two‑story building with a ±3,500 SF restaurant
- Indoor seating for 200 people and outdoor seating for 175 people
- Building, FF&E, docks, and permits included
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $88.0k | $19.56 |
| − Vacancy | −$3.7k | −$0.82 |
| EGI | $84.3k | $18.74 |
| − OpEx | −$21.1k | −$4.68 |
| NOI | $63.2k | $14.05 |
4,500 SF · lease $19.56/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$903.5K
$790.5K – $1.05M
NOI $63,242 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,284 @ 7.0% cap · market cap 5.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
12,163 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
311
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12302, NY
27,618
Population
12,406
Households
2.2
Avg Household Size
45
Median Age
42%
College-Educated
95%
High-School Grad
43.3 sq mi
ZIP Area
638
Density / Sq Mi
$94,156
Median Household Income
$55,305
Median Earnings
$1,207
Median Rent
$240,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Includes FF&E, permits, docks, and shared rights to a large parking lot.
Where is this conventional restaurant located?
The property is located at 2 Freemans Brg Rd Schenectady, NY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: ±4,500 SF two‑story building with a ±3,500 SF restaurant; Indoor seating for 200 people and outdoor seating for 175 people; Building, FF&E, docks, and permits included
