Office Building with Basement Conference
424 North Greenbush Road, North Greenbush, NY 12180
For Sale
$429,000
Pending
Configured for professional use with private offices, administrative space, and a finished basement conference room.
Property Size1,526 SF
Days on Market108
Property Features for 424 North Greenbush Road
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Condition
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
Shingle, Asphalt
Ductless, Yes
Baseboard, Ductless, Natural Gas, Yes
Finished, Full, Heated
150 Amp Service
Aluminum Siding
1,526.00
Building Details
Year Built
Listing Agency:
Venture Fox Realty Group LLC
Listed By:
Erin Robilotta · License #10301223726
(518) 461-4710
Source:
Compass
Added: Jul 24
Changed: Nov 7
Last Checked: Nov 7 at 9:14PM
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 Venture Fox Realty Group LLC
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.
The 1,526-square-foot office building, constructed in 1949, contains four private offices, an administrative area, two bathrooms, and a kitchen area. A finished, heated basement includes a conference room. Building systems include ductless and baseboard heating, natural gas, and 150-amp electrical service; zoning is mixed.
The sale also includes the adjacent lot at 422 North Greenbush Road, alongside the property at 424 North Greenbush Road in North Greenbush, New York.
The sale also includes the adjacent lot at 422 North Greenbush Road, alongside the property at 424 North Greenbush Road in North Greenbush, New York.
Key Highlights
- Four private offices plus an administrative area
- Finished, heated basement with conference room
- 1,526‑square‑foot building constructed in 1949
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,723
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,460
$374.5K
Cap Rate 7%
$267,471
$267.5K
Cap Rate 9%
$208,033
$208.0K
Market Conditions
NOI Build-Up for 1,526 SF
Gross rent
$31.7K $20.76/SF
− Vacancy
−$6.7K −$4.40/SF
EGI
$25.0K $16.36/SF
− OpEx
−$6.2K −$4.09/SF
NOI
$18.7K $12.27/SF
Area
Rensselaer County, NY
Vacancy
21.20%
Lease Rate
$20.76 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,460
Cap Rate 7%
$267,471
Cap Rate 9%
$208,033
Alternative Uses
Best Use
Office B
$267.5K
$234.0K – $312.1K
NOI $18,723 @ 7.0% cap · market cap 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$381.5K
$333.8K – $445.1K
NOI $26,703 @ 7.0% cap · market cap 6.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
Explore this area
Business Placement
Demographics for 12180, NY
55,907
Population
25,527
Households
2.2
Avg Household Size
33
Median Age
40%
College-Educated
90%
High-School Grad
56.2 sq mi
ZIP Area
995
Density / Sq Mi
$73,767
Median Household Income
$41,787
Median Earnings
$1,188
Median Rent
$233,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Configured for professional use with private offices, administrative space, and a finished basement conference room.
Where is this office building located?
The property is located at 424 North Greenbush Road North Greenbush, NY.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Four private offices plus an administrative area; Finished, heated basement with conference room; 1,526‑square‑foot building constructed in 1949
