Mixed-Use Property with Commercial
2 Sunset Road, Rensselaer, NY 12144
For Sale
$525,000
Two occupied apartments are paired with a lower-level commercial area that has its own address.
Property Size2,304 SF
Price / SF$227.86
Days on Market32
Property Features for 2 Sunset Road
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Public Transit
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Miranda Real Estate Group Inc
Listed By:
Sarah Weloth
(518) 258-8801
Source:
Beachandbartolo
Added: Oct 7
Changed: Nov 7
Last Checked: Nov 6 at 3:02PM
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
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Investment Insights
Based on property information with market context.
Built in 1965, this mixed-use property combines two rented residential units with a commercial space on the lower level. The commercial area has a separate address. The basement includes one full bathroom and is identified as having potential for rental use.
The property is within the East Greenbush School District. Shopping, restaurants, major highways, HVCC, Regeneron, and the Rensselaer Train Station are described as a short drive away. A business use requires a variance and approval from the Town of North Greenbush.
The property is within the East Greenbush School District. Shopping, restaurants, major highways, HVCC, Regeneron, and the Rensselaer Train Station are described as a short drive away. A business use requires a variance and approval from the Town of North Greenbush.
Key Highlights
- Two residential units are occupied by tenants
- Lower‑level commercial space has a separate address
- Built in 1965
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.
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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
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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
$235,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Rensselaer County, NY
Properties on Market for Mixed-use properties in Rensselaer County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two occupied apartments are paired with a lower-level commercial area that has its own address.
Where is this mixed-use property located?
The property is located at 2 Sunset Road Rensselaer, 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 residential units are occupied by tenants; Lower‑level commercial space has a separate address; Built in 1965
