River-View Duplex with
For Sale
$399,900
36-38 Riverview Drive, Rotterdam, NY 12150
Updated two-unit property with remodeled kitchens, private basements, and mountain and river scenery.
Property Size2,400 SF
Price / SF$166.63
Days on Market132
Property Features for 36-38 Riverview Drive
General Information
Standard status
Active
Size
2,400 SF
Total Parking Spaces
6
Property subtype
Multi Family / Duplex
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,780
Amenities
private basement with washer and dryer
spacious backyard
Shingle
Ductless, Wall Unit(s), Other, Yes
Baseboard, Electric, Yes
Full, Unfinished
True
Brick, Vinyl Siding
Building Details
Year Built
1976
Listing Agency:
Find Advisors
(216) 374-6711
Listed By:
Donald D Baker · License #10401369963
(216) 374-6711
Source:
Compass
Added: Apr 23
Changed: Aug 30
Last Checked: Aug 30 at 3:19PM
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 Find Advisors
Investment Insights
Based on property information with market context.
This 2,400-square-foot duplex at 36-38 Riverview Drive in Rotterdam, NY, contains two side-by-side apartments, each with two bedrooms and just over 1,000 square feet. Both units feature remodeled main levels with kitchens, bar seating, stainless steel appliances, living rooms, and updated half baths. The upper levels include two bedrooms and updated full bathrooms, while private unfinished basements provide laundry areas with washers and dryers.
Property improvements include energy-efficient windows, a 2-year-old asphalt shingle roof, high-efficiency hot water heaters installed in 2024 and 2025, and new garage doors. The two-car garage is accompanied by additional off-street parking on a recently repaved driveway. A spacious backyard overlooks the Mohawk River and surrounding mountains, and no flood insurance is required.
Property improvements include energy-efficient windows, a 2-year-old asphalt shingle roof, high-efficiency hot water heaters installed in 2024 and 2025, and new garage doors. The two-car garage is accompanied by additional off-street parking on a recently repaved driveway. A spacious backyard overlooks the Mohawk River and surrounding mountains, and no flood insurance is required.
Key Highlights
- Two side‑by‑side apartments, each with 2 bedrooms and just over 1,000 sq ft
- 2,400‑square‑foot duplex with 2‑car garage and additional off‑street parking
- Main levels remodeled with kitchens, bar seating, stainless steel appliances, and updated half baths
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
$27,332
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
6.83%
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%
$546,640
$546.6K
Cap Rate 7%
$390,457
$390.5K
Cap Rate 9%
$303,689
$303.7K
Market Conditions
NOI Build-Up for 2,400 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
$41.8K $17.40/SF
− Vacancy
−$2.7K −$1.13/SF
EGI
$39.0K $16.27/SF
− OpEx
−$11.7K −$4.88/SF
NOI
$27.3K $11.39/SF
Area
Schenectady County, NY
Vacancy
6.50%
Lease Rate
$17.40 /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%
$546,640
Cap Rate 7%
$390,457
Cap Rate 9%
$303,689
Alternative Uses
Best Use
Multifamily LT 5
$390.5K
$341.7K – $455.5K
NOI $27,332 @ 7.0% cap · market cap 6.83%
Second Best
Apartment 5plus
$350.2K
$306.5K – $408.6K
NOI $24,516 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$718.4K
$628.6K – $838.1K
NOI $50,285 @ 7.0% cap · market cap 12.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Explore this area
Business Placement
Demographics for 12150, NY
799
Population
323
Households
2.5
Avg Household Size
45
Median Age
11%
College-Educated
100%
High-School Grad
1.2 sq mi
ZIP Area
666
Density / Sq Mi
$73,977
Median Household Income
$35,338
Median Earnings
$199,700
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 - Updated two-unit property with remodeled kitchens, private basements, and mountain and river scenery.
Where is this duplex located?
The property is located at 36-38 Riverview Drive Rotterdam, NY.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two side‑by‑side apartments, each with 2 bedrooms and just over 1,000 sq ft; 2,400‑square‑foot duplex with 2‑car garage and additional off‑street parking; Main levels remodeled with kitchens, bar seating, stainless steel appliances, and updated half baths
