10-Unit Apartment
New
For Sale
$1,675,000
22 Church St, Schuylerville, NY 12871
Uniform townhome-style residences offer two-level layouts with individual full basements.
Property Size9,792 SF
Price / SF$171.06
Days on Market6
Property Features for 22 Church St
General Information
Standard status
Active
Size
9,792 SF
Property subtype
Multi-Family
Units
Unit Mix
10 x 2BR/1.5BA
Multifamily Units
10
Building Details
Year Built
1980
Buildings
1
Listing Agency:
Country Boy Realty
Listed By:
Clancy Real Estate, Inc
(518) 861-7016
Source:
Clancyrealestate
Added: Sep 9
Changed: Sep 13
Last Checked: Sep 13 at 8:35AM
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 Country Boy Realty
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$130,017
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,600,340
$2.6M
Cap Rate 7%
$1,857,386
$1.9M
Cap Rate 9%
$1,444,633
$1.4M
Market Conditions
NOI Build-Up for 9,792 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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
NOI $205,162 @ 7.0% cap · market cap 12.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
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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?
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
