Building Details

Year Built 1988

Buildings 1

Listing Agency: Miranda Real Estate Group Inc

Listed By: Jennifer C Whipple Show Phone

Source: Signatureonerealtygroup

Added: Aug 4 Changed: Aug 9 Last Checked: Aug 10 at 4:28AM

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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 Miranda Real Estate Group Inc

Investment Insights

Based on property information with market context.

Built in 1988, this duplex contains two residential units, each with two bedrooms and 1.5 bathrooms. Both apartments have updated kitchens and bathrooms, central air, newer mechanical systems, and individual decks. Each unit also includes a dedicated basement storage area with a washer and dryer.

The property encompasses 2.8 acres at 4550-4552 Duanesburg Road in Duanesburg, NY 12056, within the Schalmont School District. Garage rental is available, adding a separate leasing option to the property’s existing residential configuration.

Key Highlights

• Two‑unit duplex with 2 bedrooms and 1.5 bathrooms per unit
• Updated kitchens and bathrooms in both units
• Central air and newer mechanical systems

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

$23,551

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

5.89%

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%

$471,020 $471.0K

Cap Rate 7%

$336,443 $336.4K

Cap Rate 9%

$261,678 $261.7K

Market Conditions

NOI Build-Up for 2,068 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

$36.0K $17.40/SF

− Vacancy

−$2.3K −$1.13/SF

EGI

$33.6K $16.27/SF

− OpEx

−$10.1K −$4.88/SF

NOI

$23.6K $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%

$471,020

Cap Rate 7%

$336,443

Cap Rate 9%

$261,678

Alternative Uses

Best Use

Multifamily LT 5

$336.4K

$294.4K – $392.5K (±1% cap)

NOI $23,551 @ 7.0% cap · market cap 5.89%

Second Best

Apartment 5plus

$301.8K

$264.1K – $352.1K (±1% cap)

NOI $21,124 @ 7.0% cap · market cap 5.28%

Theoretical Best

Office A

$619.0K

$541.6K – $722.2K (±1% cap)

NOI $43,329 @ 7.0% cap · market cap 10.83%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Auto Repair Shop Bakery Building Supply Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

48

Businesses Nearby

Explore this area Business Placement

Demographics for 12056, NY

2,192

Population

805

Households

2.7

Avg Household Size

50

Median Age

33%

College-Educated

99%

High-School Grad

18.8 sq mi

ZIP Area

117

Density / Sq Mi

$117,652

Median Household Income

$82,545

Median Earnings

$1,277

Median Rent

$346,400

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two residential units feature refreshed interiors, private decks, basement storage, and central air.

Where is this duplex located?

The property is located at 4550-4552 Duanesburg Road Duanesburg, 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‑unit duplex with 2 bedrooms and 1.5 bathrooms per unit; Updated kitchens and bathrooms in both units; Central air and newer mechanical systems