Mixed-Use Property with
For Sale
$525,000
2 Sunset Road, North Greenbush, NY 12144
Residential Income, North Greenbush, NY
Property Size2,304 SF
Lot Size0.17 Acres
Price / SF$227.86
Days on Market97
Property Features for 2 Sunset Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 5, Bedroom 3
Parking features
Driveway
Patio and Porch features
Porch, Deck
Lot features
Corner Lot
High school district
000000
Directions
From the intersection of NY-4 and NY-43, continue onto NY-4N/N. Greenbush Rd for 0.5 miles. Destination will be on the right.
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
Number of units
2
Flooring type
Hardwood, Tile, Vinyl
Building materials
Shake Siding
Roof type
Asphalt
Listing Agency:
Miranda Real Estate Group Inc
(518) 348-2060
Listed By:
Sarah Weloth
(518) 258-8801
Added: Jul 6
Changed: Oct 10
Last Checked: Oct 10 at 10:06AM
MLS# 11872653
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.
This 2,304-square-foot mixed-use property contains two rented residential units and a commercial space on the lower level with a separate address. The 1965 building includes a deck and porch and occupies a 0.17-acre lot. Forced-air heating is fueled by natural gas, and water is supplied publicly.
The property is in the East Greenbush School District in North Greenbush. Shopping, restaurants, major highways, HVCC, Regeneron, and the Rensselaer Train Station are described as minutes away. Any business use requires a variance and approval from the Town of North Greenbush.
The property is in the East Greenbush School District in North Greenbush. Shopping, restaurants, major highways, HVCC, Regeneron, and the Rensselaer Train Station are described as minutes away. Any business use requires a variance and approval from the Town of North Greenbush.
Key Highlights
- Two rented residential units and a lower‑level commercial space
- Commercial space has a separate address
- 2,304 square feet on a 0.17‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,966
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$559,320
$559.3K
Cap Rate 7%
$399,514
$399.5K
Cap Rate 9%
$310,733
$310.7K
Market Conditions
NOI Build-Up for 2,304 SF
Gross rent
$53.6K $23.28/SF
− Vacancy
−$2.8K −$1.21/SF
EGI
$50.8K $22.07/SF
− OpEx
−$22.9K −$9.93/SF
NOI
$28.0K $12.14/SF
Area
Rensselaer County, NY
Vacancy
5.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$559,320
Cap Rate 7%
$399,514
Cap Rate 9%
$310,733
Alternative Uses
Best Use
Apartment 5plus
$399.5K
$349.6K – $466.1K
NOI $27,966 @ 7.0% cap · market cap 5.33%
Second Best
Mixed Use
$325.9K
$285.1K – $380.2K
NOI $22,810 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$576.0K
$504.0K – $672.0K
NOI $40,317 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
183
Businesses Nearby
Explore this area
Business Placement
Demographics for 12144, NY
21,277
Population
10,474
Households
2
Avg Household Size
40
Median Age
38%
College-Educated
93%
High-School Grad
18.3 sq mi
ZIP Area
1,163
Density / Sq Mi
$88,357
Median Household Income
$51,893
Median Earnings
$1,379
Median Rent
$235,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two occupied apartments sit above a separate-address commercial space, with business use subject to municipal approval.
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 $525,000.
What are key features of this property?
This property features: Two rented residential units and a lower‑level commercial space; Commercial space has a separate address; 2,304 square feet on a 0.17‑acre lot
