319 Speigletown Road, Schaghticoke, NY 12182

Building Details

Tenancy Multi More

Listing Agency: BERKSHIRE HATHAWAY HOME SERVICES BLAKE Show Phone

Listed By: KAREN ZALEWSKI-WILDZUNAS · License #10401299136 Show Phone

Source: Corcoran

Added: Sep 24, 2025 Changed: Nov 6 Last Checked: Oct 3 at 1:38AM

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Investment Insights

Based on property information with market context.

This offering presents a three-building, 12-unit apartment portfolio designed for a residential income strategy. The package includes properties at 319 Speigletown Rd, 23-25 Prospect Ave, and 1105 Hutton St in Troy, New York. The transaction is structured as a combined sale, with the portfolio presented to simplify acquisition and streamline ownership.

The portfolio includes three separate addresses within Troy, NY, and is being offered together as part of a single package. Each site is referenced in the public remarks as part of the overall 12-unit structure, with additional details handled through the individual listings.

For buyers evaluating multifamily acquisition opportunities, the package format can be helpful for consolidating multiple buildings under one ownership plan. This could suit investors or owner-operators looking to add a small, multi-property residential income portfolio to their holdings. Prospective purchasers should review the individual listings referenced for each address to confirm unit-level details and any building-specific considerations before making a decision.

Key Highlights

• Three‑building, 12‑unit residential income portfolio sold as a package
• Package includes 319 Speigletown Rd, Troy, NY
• Package includes 23‑25 Prospect Ave, Troy, NY

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$127,050

Cap Rate

7.32%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,541,000 $2.5M

Cap Rate 7%

$1,815,000 $1.8M

Cap Rate 9%

$1,411,667 $1.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,467 SF

Gross rent

$243.7K $23.28/SF

− Vacancy

−$12.7K −$1.21/SF

EGI

$231.0K $22.07/SF

− OpEx

−$104.0K −$9.93/SF

NOI

$127.1K $12.14/SF

Area

Rensselaer County, NY

Vacancy

5.20%

Lease Rate

$23.28 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,541,000

Cap Rate 7%

$1,815,000

Cap Rate 9%

$1,411,667

Alternative Uses

Best Use

Apartment 5plus

$1.81M

$1.59M – $2.12M (±1% cap)

NOI $127,050 @ 7.0% cap · market cap 7.32%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.62M

$2.29M – $3.05M (±1% cap)

NOI $183,161 @ 7.0% cap · market cap 10.56%

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

12

Residential units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

22

Businesses Nearby

Explore this area Business Placement

Demographics for 12182, NY

14,657

Population

7,314

Households

2

Avg Household Size

42

Median Age

29%

College-Educated

89%

High-School Grad

13.7 sq mi

ZIP Area

1,070

Density / Sq Mi

$54,663

Median Household Income

$47,077

Median Earnings

$1,012

Median Rent

$195,300

Median Home Value

Market

Average Price Trend$/SF for Apartment buildings in Rensselaer County, NY

$151 Jul

$177 Aug

$154 Sep

$163 Oct

Properties on Market for Apartment buildings in Rensselaer County

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Apartment building - Three-building, 12-unit residential income portfolio offered as a package sale.

Where is this apartment building located?

The property is located at 319 Speigletown Road Schaghticoke, NY.

What is the asking price?

The asking price for this property is $1,735,000.

What are key features of this property?

This property features: Three‑building, 12‑unit residential income portfolio sold as a package; Package includes 319 Speigletown Rd, Troy, NY; Package includes 23‑25 Prospect Ave, Troy, NY