10-Unit Apartment Building with
New
For Sale
$1,675,000
22 Church Street, Schuylerville, NY 12871
MultiFamily, Schuylerville, NY
Property Size9,792 SF
Lot Size0.40 Acres
Price / SF$171.06
Days on Market1
Property Features for 22 Church Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Mixed
Bedrooms
20
Bathrooms
15
Full bathrooms
10
Half bathrooms
10
Rooms
Bathroom 6, Bathroom 18, Bedroom 12, Bedroom 7, Bedroom 9, Bathroom 11, Bathroom 19, Bathroom 5, Bathroom 15, Bathroom 9, Bathroom 1, Bedroom 5, Bedroom 10, Bedroom 14, Bathroom 10, Bedroom 8, Bathroom 20, Bedroom 16, Bedroom 20, Bathroom 16, Bedroom 3, Bathroom 7, Bathroom 17, Bedroom 4, Bedroom 18, Bedroom 13, Bathroom 3, Bedroom 17, Bathroom 2, Bathroom 4, Bedroom 1, Bedroom 15, Bedroom 19, Bathroom 12, Bathroom 8, Bathroom 13, Bedroom 2, Bedroom 11, Bathroom 14, Bedroom 6
Parking
10
Parking features
Off Street
Interior features
Paddle Fan, Ceramic Tile Bath
Basement
Walk-Out Access, Interior Entry
Lot features
Rolling Slope, Cleared
Elementary school
Schuylerville
High school
Schuylerville
Elementary school district
Schuylerville
Middle school district
Schuylerville
High school district
Schuylerville
Directions
Route 29 into Schuylerville, right on Church St
Standard status
Active
APN
415001 157.63-3-14
Size
9,792 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Annual Amount
13151
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Baseboard, Electric (Heating)
Water source
Public
Building Details
Year built
1980
Number of units
10
Flooring type
Carpet, Laminate, Tile
Building materials
Shingle Siding, Vinyl Siding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Coldwell Banker Prime Properties · Coldwell Banker Real Estate
(518) 427-9000
Listed By:
Nancy Klopfer · License #10301201701
(518) 229-7079
Added: Sep 8
Last Checked: Sep 8 at 6:06PM
MLS# 202625620
Copyright © 2026 Global MLS, Inc. 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.
Built in 1980, this 9,792-square-foot apartment property contains 10 uniform residences across a 0.4-acre site. Each unit is arranged over two levels, with a living room, eat-in kitchen, and half bath on the first floor, followed by two bedrooms and a full bathroom upstairs. Every residence also has its own full basement.
The building provides off-street parking at the rear and is served by public water and public sewer. Interior finishes include carpet, laminate, and tile flooring, while heating is provided by electric baseboard systems. Shingle and vinyl siding, an asphalt roof, cable availability, and mixed zoning are also included among the property features.
The property is located in Schuylerville, Saratoga County, with access to Saratoga Springs and the greater Capital Region.
The building provides off-street parking at the rear and is served by public water and public sewer. Interior finishes include carpet, laminate, and tile flooring, while heating is provided by electric baseboard systems. Shingle and vinyl siding, an asphalt roof, cable availability, and mixed zoning are also included among the property features.
The property is located in Schuylerville, Saratoga County, with access to Saratoga Springs and the greater Capital Region.
Key Highlights
- 10‑unit apartment building on a 0.4‑acre site
- 9,792 square feet built in 1980
- Two‑level layouts with two bedrooms per unit
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
Property Profile
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Two-level townhome-style residences include individual full basements and off-street parking.
Where is this apartment building located?
The property is located at 22 Church Street 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 on a 0.4‑acre site; 9,792 square feet built in 1980; Two‑level layouts with two bedrooms per unit
