Halfmoon Duplex in Shenendehowa
For Sale
$469,900
Pending
33 Cambridge Drive, Halfmoon, NY 12065
MULTI_FAMILY - Other - Halfmoon, NY
Property Size2,088 SF
Lot Size0.69 Acres
Days on Market135
Property Features for 33 Cambridge Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 4, Bathroom 1, Bathroom 2, Bathroom 4, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3
Parking
6
Parking features
Driveway
Window features
Blinds
Interior features
High Speed Internet
Basement
Full
Lot features
Level, Wooded, Cul-De-Sac
Elementary school
Shatekon
High school
Shenendehowa
Elementary school district
Shenendehowa
Middle school district
Shenendehowa
High school district
Shenendehowa
Directions
I-87 North to Exit 8A Grooms Rd. Take right onto Grooms Rd Take first left on to Woodin Rd Take first right onto Cambridge Dr. #33 is on left on the cul de sac.
Standard status
Pending
APN
413800 278.14-3-1
Size
2,088 SF
Lot size
0.69 Acres
Taxes and HOA fees
Tax Annual Amount
6646
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
2001
Number of units
2
Flooring type
Laminate, Carpet, Vinyl
Building materials
Vinyl Siding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Berkshire Hathaway Home Services Blake · Berkshire Hathaway HomeServices
(518) 452-4298
Listed By:
Judy L Kaiser · License #10401232889
(518) 858-2422
Added: Mar 31
Changed: Jul 24
Last Checked: Aug 12 at 7:06PM
MLS# 202614149
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained side-by-side duplex is located on a quiet dead-end Cul-De-Sac in Halfmoon, NY, within the highly desirable Shenendehowa Central School District. The property, situated on a 0.69-acre lot, features a total building size of 2088 square feet. Each unit offers 2 bedrooms and 1.5 baths, along with a full basement featuring washer/dryer hookups and a utility sink. Unit 2 (B) has been recently updated with all new appliances, flooring, and carpeting. The spacious layout includes two large bedrooms, one with a walk-in closet. Residents can enjoy private back patios overlooking a peaceful wooded backyard. The property also features a large shared driveway. Conveniently located near major highways, shopping, restaurants, and schools, this duplex is ideal for investors or owner-occupants.
Key Highlights
- Well‑maintained side‑by‑side duplex built in 2001, located on a quiet dead‑end cul‑de‑sac
- Each unit features 2 bedrooms and 1.5 baths with a spacious layout, including a walk‑in closet in one bedroom
- Full basement in each unit with washer/dryer hookups and a utility sink
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,987
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$619,740
$619.7K
Cap Rate 7%
$442,671
$442.7K
Cap Rate 9%
$344,300
$344.3K
Market Conditions
NOI Build-Up for 2,088 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$46.4K $22.20/SF
− Vacancy
−$2.1K −$1.00/SF
EGI
$44.3K $21.20/SF
− OpEx
−$13.3K −$6.36/SF
NOI
$31.0K $14.84/SF
Area
Saratoga County, NY
Vacancy
4.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$619,740
Cap Rate 7%
$442,671
Cap Rate 9%
$344,300
Alternative Uses
Best Use
Multifamily LT 5
$442.7K
$387.3K – $516.5K
NOI $30,987 @ 7.0% cap · market cap 6.59%
Second Best
Apartment 5plus
$396.1K
$346.6K – $462.1K
NOI $27,724 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$625.0K
$546.9K – $729.1K
NOI $43,748 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
245
Businesses Nearby
Explore this area
Business Placement
Demographics for 12065, NY
43,893
Population
19,506
Households
2.3
Avg Household Size
42
Median Age
53%
College-Educated
95%
High-School Grad
35.1 sq mi
ZIP Area
1,251
Density / Sq Mi
$115,681
Median Household Income
$61,692
Median Earnings
$1,419
Median Rent
$356,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex in a desirable school district, ideal for investors.
Where is this duplex located?
The property is located at 33 Cambridge Drive Halfmoon, NY.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: Well‑maintained side‑by‑side duplex built in 2001, located on a quiet dead‑end cul‑de‑sac; Each unit features 2 bedrooms and 1.5 baths with a spacious layout, including a walk‑in closet in one bedroom; Full basement in each unit with washer/dryer hookups and a utility sink
