Two-Home Multifamily
For Sale
$549,900
2764 New Scotland Road, Voorheesville, NY 12186
Family members occupy both houses, and the property currently produces no rental income.
Property Size2,598 SF
Price / SF$211.66
Days on Market17
Property Features for 2764 New Scotland Road
General Information
Standard status
Active
Size
2,598 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Building Details
Year Built
1987
Listing Agency:
518 Realty.Com Inc
Listed By:
Steven J Sbardella · License #10311202174
(518) 456-6518
Source:
Signatureonerealtygroup
Added: Oct 10
Changed: Oct 26
Last Checked: Oct 26 at 4:59PM
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 518 Realty.Com Inc
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Investment Insights
Based on property information with market context.
The property is configured with two houses and is occupied by family members. It was built in 1987 and is located at 2764 New Scotland Road in Voorheesville, New York. No rental income is currently generated.
Key Highlights
- Two houses are included on the property
- Built in 1987
- Currently occupied by family members; no rental income is generated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,750
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$555,000
$555.0K
Cap Rate 7%
$396,429
$396.4K
Cap Rate 9%
$308,333
$308.3K
Market Conditions
NOI Build-Up for 2,598 SF
Gross rent
$53.0K $20.40/SF
− Vacancy
−$2.5K −$0.98/SF
EGI
$50.5K $19.42/SF
− OpEx
−$22.7K −$8.74/SF
NOI
$27.8K $10.68/SF
Area
Albany County, NY
Vacancy
4.80%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$555,000
Cap Rate 7%
$396,429
Cap Rate 9%
$308,333
Alternative Uses
Best Use
Apartment 5plus
$396.4K
$346.9K – $462.5K
NOI $27,750 @ 7.0% cap · market cap 5.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$810.7K
$709.4K – $945.8K
NOI $56,748 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
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Business Placement
Demographics for 12186, NY
6,485
Population
2,718
Households
2.4
Avg Household Size
46
Median Age
52%
College-Educated
96%
High-School Grad
33.1 sq mi
ZIP Area
196
Density / Sq Mi
$116,053
Median Household Income
$49,267
Median Earnings
$1,132
Median Rent
$338,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Family members occupy both houses, and the property currently produces no rental income.
Where is this multifamily property located?
The property is located at 2764 New Scotland Road Voorheesville, NY.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Two houses are included on the property; Built in 1987; Currently occupied by family members; no rental income is generated
