Vacant
28 STEUBEN Street, Schenectady, NY 12307
For Sale
Contact for pricing
Pending
The two-family residence is vacant and requires roof replacement.
Property Size1,908 SF
Days on Market2167
Property Features for 28 STEUBEN Street
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
eXp Realty
(888) 276-0630
Listed By:
Chynna Walters · License NY #10401309597
(518) 730-6358
Source:
Simplywoodardrealestate
Added: Dec 5, 2020
Changed: Nov 9
Last Checked: Nov 9 at 9:44AM
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 eXp Realty
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 1,908-square-foot duplex has two family units and is currently vacant. A new roof is needed. The building dates to 1908 and is located at 28 Steuben Street in Schenectady, New York.
Key Highlights
- Two‑family duplex totaling 1,908 square feet
- Vacant building
- Roof replacement needed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,490
Suggested Prices Based on Cap Rates
Cap Rate 5%
$389,800
$389.8K
Cap Rate 7%
$278,429
$278.4K
Cap Rate 9%
$216,556
$216.6K
Market Conditions
NOI Build-Up for 1,908 SF
Gross rent
$37.8K $19.80/SF
− Vacancy
−$2.3K −$1.23/SF
EGI
$35.4K $18.57/SF
− OpEx
−$15.9K −$8.36/SF
NOI
$19.5K $10.21/SF
Area
Schenectady County, NY
Vacancy
6.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$389,800
Cap Rate 7%
$278,429
Cap Rate 9%
$216,556
Alternative Uses
Best Use
Multifamily LT 5
$310.4K
$271.6K – $362.2K
NOI $21,729 @ 7.0% cap
Second Best
Apartment 5plus
$278.4K
$243.6K – $324.8K
NOI $19,490 @ 7.0% cap
Theoretical Best
Office A
$571.1K
$499.7K – $666.3K
NOI $39,976 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,219
Businesses Nearby
Explore this area
Business Placement
Demographics for 12307, NY
7,567
Population
3,491
Households
2.2
Avg Household Size
32
Median Age
14%
College-Educated
74%
High-School Grad
0.7 sq mi
ZIP Area
10,810
Density / Sq Mi
$33,191
Median Household Income
$28,878
Median Earnings
$1,110
Median Rent
$95,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Schenectady, NY
Properties on Market for Duplexes in Schenectady
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The two-family residence is vacant and requires roof replacement.
Where is this duplex located?
The property is located at 28 STEUBEN Street Schenectady, NY.
What are key features of this property?
This property features: Two‑family duplex totaling 1,908 square feet; Vacant building; Roof replacement needed
