Mixed-Use Property with Commercial
2 Sunset Road North Greenbush, NY 12144
2 Sunset Road, North Greenbush, NY, 12144
$575,000
For Sale
$575,000
COMMERCIAL - North Greenbush, NY
Property Size2,304 SF
Lot Size0.17 Acres
Price / SF$249.57
Days on Market12
Property Features for 2 Sunset Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Patio and Porch features
- Deck
- Standard status
- Active
- APN
- 383200 134.13-10-1
- Size
- 2,304 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5793
Utilities
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1965
- Flooring type
- Tile, Vinyl, Hardwood
- Building materials
- Shake Siding
- Roof type
- Asphalt
Listing Agency
Miranda Real Estate Group Inc
(518) 348-2060
1482 Rt 9, Clifton Park, NY
Listed by
Sarah Weloth
(518) 348-2060
Added: Jul 6 Checked: Jul 17 at 10:06 am
MLS# 11872655
Listing URL
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Well-maintained mixed-use property featuring two fully rented residential units and a versatile commercial space on the lower level with its own separate address. The building includes a basement that offers potential rental opportunity, with 1 full bathroom reported. The residential units are currently occupied, with flexibility for continued leasing, or for an owner to occupy one unit while operating a business from the commercial space.
The property is located in the East Greenbush School District and sits on a high-visibility road with outstanding frontage. It is positioned for convenience to shopping, restaurants, major highways, HVCC, Regeneron, and nearby transportation including the Rensselaer Train Station.
Any business use located in the commercial space will require a use variance and Town of North Greenbush zoning approval, as noted in the listing remarks.
The property is located in the East Greenbush School District and sits on a high-visibility road with outstanding frontage. It is positioned for convenience to shopping, restaurants, major highways, HVCC, Regeneron, and nearby transportation including the Rensselaer Train Station.
Any business use located in the commercial space will require a use variance and Town of North Greenbush zoning approval, as noted in the listing remarks.
Key Highlights
- Mixed‑use property with two fully rented residential units plus a commercial space on the lower level
- Commercial space on the lower level has its own separate address
- Basement offers potential rental opportunity with 1 full bathroom; estimated monthly rent of $1,500
Local Financial Insights For Multifamily LT 5
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 | $45.6k | $19.80 |
| − Vacancy | −$2.5k | −$1.09 |
| EGI | $43.1k | $18.71 |
| − OpEx | −$12.9k | −$5.61 |
| NOI | $30.2k | $13.10 |
2,304 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$431.1K
$377.2K – $503.0K
NOI $30,177 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$399.5K
$349.6K – $466.1K
NOI $27,966 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$576.0K
$504.0K – $672.0K
NOI $40,317 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Mixed-use property - Well-maintained mixed-use building with two fully rented residential units and a lower-level commercial space.
Where is this mixed-use property located?
The property is located at 2 Sunset Road North Greenbush, NY.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Mixed‑use property with two fully rented residential units plus a commercial space on the lower level; Commercial space on the lower level has its own separate address; Basement offers potential rental opportunity with 1 full bathroom; estimated monthly rent of $1,500
