2609 2nd Avenue, Watervliet, NY
Neighborhood retail center with strong draw, near I-787.
- Added:
- Sep 25, 2025
- Days on Market:
- 285
- Last Refresh:
- Jun 30 at 8:39 am
Property Features for 2609 2nd Avenue
General Information
- Standard status
- Active
- Size
- 8,775 SF
- Property subtype
- Retail
Listing office Pyramidbrokerage (518) 489-9199
Listing date Sep 25, 2025
Source Pyramidbrokerage
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HighLights
- Top performing Family Dollar location nationally, a key investment highlight.
- Strong draw from neighboring towns, benefiting all tenants.
- Great neighborhood retail center, a community hub.
- Retail plaza for sale, presenting an excellent investment opportunity.
- Ideally located near I‑787, offering easy access.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $158.0k | $18.00 |
| − Vacancy | −$6.6k | −$0.76 |
| EGI | $151.3k | $17.24 |
| − OpEx | −$45.4k | −$5.17 |
| NOI | $105.9k | $12.07 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Watervliet
- County
- Albany
- State
- New York
- Longitude
- -73.7011
- Latitude
- 42.7363
