Storefront With Kitchen
For Sale
Contact for pricing
2232 Broadway, Schenectady, NY 12306
A compact commercial space includes a refrigerator, bathroom, storage, and off-street parking.
Property Size925 SF
Price / SF$1.35
Days on Market44
Property Features for 2232 Broadway
General Information
Standard status
Active
Size
925 SF
Total Parking Spaces
2
Property subtype
Mixed Use
Amenities
kitchen area
refrigerator
bathroom
storage space
Building Details
Year Built
1972
Listing Agency:
Coldwell Banker Prime Properties
(518) 370-2100
Listed By:
Julie M Riccio Friedow · License #10301220769
(518) 229-7908
Source:
Simplywoodardrealestate
Added: Sep 20
Changed: Nov 1
Last Checked: Nov 1 at 4:06PM
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 Coldwell Banker Prime Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This storefront property at 2232 Broadway offers 925 square feet of commercial space. Its interior includes a kitchen area with a refrigerator, a bathroom, and storage. The building dates to 1972.
Two off-street parking spaces are included, with additional on-street parking available. The property is located in Schenectady, New York.
Two off-street parking spaces are included, with additional on-street parking available. The property is located in Schenectady, New York.
Key Highlights
- 925 SF of commercial space
- Kitchen area with refrigerator
- Bathroom and storage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,165
Suggested Prices Based on Cap Rates
Cap Rate 5%
$223,300
$223.3K
Cap Rate 7%
$159,500
$159.5K
Cap Rate 9%
$124,056
$124.1K
Market Conditions
NOI Build-Up for 925 SF
Gross rent
$16.7K $18.00/SF
− Vacancy
−$699 −$0.76/SF
EGI
$16.0K $17.24/SF
− OpEx
−$4.8K −$5.17/SF
NOI
$11.2K $12.07/SF
Area
Schenectady County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$223,300
Cap Rate 7%
$159,500
Cap Rate 9%
$124,056
Alternative Uses
Best Use
Retail
$159.5K
$139.6K – $186.1K
NOI $11,165 @ 7.0% cap · market cap 893.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$276.9K
$242.3K – $323.0K
NOI $19,381 @ 7.0% cap · market cap 1,550.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
391
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12306, NY
26,935
Population
12,481
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
94%
High-School Grad
43.9 sq mi
ZIP Area
614
Density / Sq Mi
$80,583
Median Household Income
$46,702
Median Earnings
$1,221
Median Rent
$212,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Dom Gallo Florist — 2241 broadway, schenectady, ny 12306
Frequently Asked Questions
What type of property is this?
Storefront property - A compact commercial space includes a refrigerator, bathroom, storage, and off-street parking.
Where is this storefront property located?
The property is located at 2232 Broadway Schenectady, NY.
What are key features of this property?
This property features: 925 SF of commercial space; Kitchen area with refrigerator; Bathroom and storage space
