Building Details

Year Built 1980

Buildings 1

Listing Agency: Julie & Co Realty LLC

Listed By: Clancy Real Estate, Inc Show Phone

Source: Clancyrealestate

Added: Sep 9 Changed: Oct 28 Last Checked: Oct 30 at 1:56PM

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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 Julie & Co Realty LLC

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Investment Insights

Based on property information with market context.

This 10-unit apartment building contains 9,792 square feet and was built in 1980. Each residence is arranged across two levels, with a living room, eat-in kitchen, and half bath on the first floor, followed upstairs by two bedrooms and a full bathroom. Individual full basements provide additional private space for every unit.

The property includes rear parking and is located at 22 Church Street in Schuylerville, NY. Saratoga Springs and the greater Capital Region are accessible from the village, while the surrounding setting includes the character of a historic small town. The consistent unit configuration creates a straightforward multifamily layout across the building.

Key Highlights

• 10‑unit apartment building with 9,792 square feet
• Each unit includes two bedrooms and 1.5 baths across two levels
• Every residence has its own full basement

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$130,017

Cap Rate

7.76%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,600,340 $2.6M

Cap Rate 7%

$1,857,386 $1.9M

Cap Rate 9%

$1,444,633 $1.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,792 SF

Gross rent

$246.8K $25.20/SF

− Vacancy

−$10.4K −$1.06/SF

EGI

$236.4K $24.14/SF

− OpEx

−$106.4K −$10.86/SF

NOI

$130.0K $13.28/SF

Area

Saratoga County, NY

Vacancy

4.20%

Lease Rate

$25.20 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,600,340

Cap Rate 7%

$1,857,386

Cap Rate 9%

$1,444,633

Alternative Uses

Best Use

Apartment 5plus

$1.86M

$1.63M – $2.17M (±1% cap)

NOI $130,017 @ 7.0% cap · market cap 7.76%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.93M

$2.56M – $3.42M (±1% cap)

NOI $205,162 @ 7.0% cap · market cap 12.25%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

10

Residential units

Location Intelligence

Trade Area within ½ mile

240

Businesses Nearby

Explore this area Business Placement

Demographics for 12871, NY

3,934

Population

1,844

Households

2.1

Avg Household Size

41

Median Age

34%

College-Educated

94%

High-School Grad

27.9 sq mi

ZIP Area

141

Density / Sq Mi

$83,775

Median Household Income

$48,561

Median Earnings

$1,103

Median Rent

$246,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Apartment building - Uniform townhome-style residences offer two-level layouts with individual full basements.

Where is this apartment building located?

The property is located at 22 Church St Schuylerville, NY.

What is the asking price?

The asking price for this property is $1,675,000.

What are key features of this property?

This property features: 10‑unit apartment building with 9,792 square feet; Each unit includes two bedrooms and 1.5 baths across two levels; Every residence has its own full basement