Building Details

Year Built 1903

Listing Agency: Bicentennial Realty

Listed By: Lisa Joy-Rupinski · License #30JO0772155 Show Phone

Source: Capmarkrealty

Added: Oct 9 Changed: Oct 10 Last Checked: Oct 12 at 4:55PM

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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 Bicentennial Realty

Investment Insights

Based on property information with market context.

Built in 1903, this two-family property contains 4+ bedrooms and 2 full baths across two units. The main residence has 3 bedrooms, an eat-in kitchen, an open living area, and hardwood floors installed in 2021. Updates include kitchens, bathrooms, lighting, flooring, and interior and exterior paint. Finished bonus space is available in the basement, and the primary bedroom has two walk-in closets.

The second unit has previously been used as an Airbnb. Property features also include central air, gas hot-air heat, a one-meter utility setup, a detached two-car garage, and additional parking. The home is in the Mohonasen School District.

Key Highlights

• Two‑family property with 4+ bedrooms and 2 full baths
• Main residence includes 3 bedrooms and an eat‑in kitchen
• Hardwood floors installed in 2021

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,134

Cap Rate

7.69%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$502,680 $502.7K

Cap Rate 7%

$359,057 $359.1K

Cap Rate 9%

$279,267 $279.3K

Market Conditions

NOI Build-Up for 2,207 SF

Gross rent

$38.4K $17.40/SF

− Vacancy

−$2.5K −$1.13/SF

EGI

$35.9K $16.27/SF

− OpEx

−$10.8K −$4.88/SF

NOI

$25.1K $11.39/SF

Area

Schenectady County, NY

Vacancy

6.50%

Lease Rate

$17.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$502,680

Cap Rate 7%

$359,057

Cap Rate 9%

$279,267

Alternative Uses

Best Use

Multifamily LT 5

$359.1K

$314.2K – $418.9K (±1% cap)

NOI $25,134 @ 7.0% cap · market cap 7.69%

Second Best

Apartment 5plus

$322.1K

$281.8K – $375.7K (±1% cap)

NOI $22,544 @ 7.0% cap · market cap 6.89%

Theoretical Best

Office A

$660.6K

$578.0K – $770.7K (±1% cap)

NOI $46,241 @ 7.0% cap · market cap 14.14%

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

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Dental Office HVAC Service Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

455

Businesses Nearby

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 Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Two units provide 4+ bedrooms and 2 full baths; one has previously operated as an Airbnb.

Where is this duplex located?

The property is located at 2734 Broadway Rotterdam, NY.

What is the asking price?

The asking price for this property is $327,000.

What are key features of this property?

This property features: Two‑family property with 4+ bedrooms and 2 full baths; Main residence includes 3 bedrooms and an eat‑in kitchen; Hardwood floors installed in 2021