Building Details

Year built 1965

Flooring type Hardwood, Tile, Vinyl

Building materials Shake Siding

Roof type Asphalt

Listing Agency: Miranda Real Estate Group Inc Show Phone

Listed By: Sarah Weloth Show Phone

Added: Jul 6 Changed: Oct 10 Last Checked: Oct 10 at 8:06AM

Report an Issue

MLS# 11872655

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 occupied residential units and a commercial area on the lower level with a separate address. The 1965 building has hardwood, vinyl, and tile flooring, forced-air natural gas heat, and a deck. The 0.17-acre parcel also includes a basement with one full bathroom; the space may offer potential for rental use.

Shopping, restaurants, major highways, HVCC, Regeneron, and the Rensselaer Train Station are nearby. A business use requires a variance and approval from the Town of North Greenbush.

Key Highlights

• Two occupied residential units
• Lower‑level commercial space has a separate address
• 2,304 square feet on a 0.17‑acre parcel

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 (±1% cap)

NOI $27,966 @ 7.0% cap · market cap 5.33%

Second Best

Mixed Use

$325.9K

$285.1K – $380.2K (±1% cap)

NOI $22,810 @ 7.0% cap · market cap 4.34%

Theoretical Best

Office A

$576.0K

$504.0K – $672.0K (±1% cap)

NOI $40,317 @ 7.0% cap · market cap 7.68%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Mixed-use properties

Suggested Use

Top Pick Law Firm Auto Parts Store HVAC Service Electrical Service Big Box & Wholesale Store Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Multi-tenant

Tenancy

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mixed-use property - Two occupied apartments are paired with a ground-floor commercial area that has its own address.

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 occupied residential units; Lower‑level commercial space has a separate address; 2,304 square feet on a 0.17‑acre parcel