Multi-Suite Mixed-Use
For Sale
Contact for pricing
Pending
2793 Hamburg Street, Rotterdam, NY 12303
Two suites and a garage/warehouse can be combined for one tenant, with the garage/warehouse paired with at least one suite.
Property Size3,000 SF
Days on Market228
Property Features for 2793 Hamburg Street
General Information
Standard status
Pending
Size
3,000 SF
Property subtype
Retail
Zoning
mixed-use
Additional Details
Property Use
Mixed Use
Building Details
Year Built
1970
Listing Agency:
Realty One Group Key
(518) 630-5360
Listed By:
Philip Battaglino · License #40BA1130611
(518) 210-6488
Source:
Simplywoodardrealestate
Added: Mar 20
Changed: Nov 1
Last Checked: Nov 1 at 4:12PM
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 Realty One Group Key
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Investment Insights
Based on property information with market context.
This mixed-use property, built in 1970, includes two individual suites and a garage/warehouse. The suites and garage can be combined to accommodate one tenant; the garage/warehouse must be leased with at least one suite. Mixed-use zoning supports a range of commercial functions.
The property is at 2793 Hamburg Street in Rotterdam, with on-site parking and access to major roadways.
The property is at 2793 Hamburg Street in Rotterdam, with on-site parking and access to major roadways.
Key Highlights
- Two individual suites and a garage/warehouse
- Suites and garage/warehouse can be combined for one tenant
- Garage/warehouse must be rented with at least one individual suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,212
Suggested Prices Based on Cap Rates
Cap Rate 5%
$724,240
$724.2K
Cap Rate 7%
$517,314
$517.3K
Cap Rate 9%
$402,356
$402.4K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$54.0K $18.00/SF
− Vacancy
−$2.3K −$0.76/SF
EGI
$51.7K $17.24/SF
− OpEx
−$15.5K −$5.17/SF
NOI
$36.2K $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%
$724,240
Cap Rate 7%
$517,314
Cap Rate 9%
$402,356
Alternative Uses
Best Use
Mixed Use
$591.4K
$517.5K – $690.0K
NOI $41,400 @ 7.0% cap · market cap 4,600.00%
Second Best
Retail
$517.3K
$452.7K – $603.5K
NOI $36,212 @ 7.0% cap · market cap 4,023.56%
Theoretical Best
Office A
$897.9K
$785.7K – $1.05M
NOI $62,856 @ 7.0% cap · market cap 6,984.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
255
Businesses Nearby
Explore this area
Business Placement
Demographics for 12303, NY
30,893
Population
12,533
Households
2.5
Avg Household Size
41
Median Age
35%
College-Educated
90%
High-School Grad
15.6 sq mi
ZIP Area
1,980
Density / Sq Mi
$77,615
Median Household Income
$50,051
Median Earnings
$1,120
Median Rent
$227,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two suites and a garage/warehouse can be combined for one tenant, with the garage/warehouse paired with at least one suite.
Where is this mixed-use property located?
The property is located at 2793 Hamburg Street Rotterdam, NY.
What are key features of this property?
This property features: Two individual suites and a garage/warehouse; Suites and garage/warehouse can be combined for one tenant; Garage/warehouse must be rented with at least one individual suite
