Building Details

Year Built 1920

Listing Agency: Howard Hanna Capital Inc

Listed By: Michael Field · License #10491203035 Show Phone

Source: Fieldrealty

Added: Sep 30 Last Checked: Oct 1 at 11:53AM

Report an Issue

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 Howard Hanna Capital Inc

Investment Insights

Based on property information with market context.

This updated duplex contains 2,088 square feet across two units on 1.28 acres. The first-floor apartment has one bedroom and an open layout, while the upstairs unit includes two bedrooms and a loft used for storage. A screened three-season porch and attached three-car garage add to the property’s features; the garage is being sold as-is. The home was built in 1920.

The property is in Schodack and falls within the East Greenbush School District. A creek and a bike path/rail trail are noted nearby.

Key Highlights

• Two‑unit duplex with 2,088 square feet on 1.28 acres
• First‑floor unit has one bedroom and an open layout
• Second‑floor unit includes two bedrooms and a loft for storage

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

$27,348

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

7.49%

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%

$546,960 $547.0K

Cap Rate 7%

$390,686 $390.7K

Cap Rate 9%

$303,867 $303.9K

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

$41.3K $19.80/SF

− Vacancy

−$2.3K −$1.09/SF

EGI

$39.1K $18.71/SF

− OpEx

−$11.7K −$5.61/SF

NOI

$27.3K $13.10/SF

Area

Rensselaer County, NY

Vacancy

5.50%

Lease Rate

$19.80 /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%

$546,960

Cap Rate 7%

$390,686

Cap Rate 9%

$303,867

Alternative Uses

Best Use

Multifamily LT 5

$390.7K

$341.9K – $455.8K (±1% cap)

NOI $27,348 @ 7.0% cap · market cap 7.49%

Second Best

Apartment 5plus

$362.1K

$316.8K – $422.4K (±1% cap)

NOI $25,345 @ 7.0% cap · market cap 6.94%

Theoretical Best

Office A

$522.0K

$456.7K – $609.0K (±1% cap)

NOI $36,538 @ 7.0% cap · market cap 10.01%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Duplexes

Suggested Use

Top Pick Auto Repair Shop Electrical Service Building Supply Garden Center

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

Location Intelligence

Trade Area within ½ mile

24

Businesses Nearby

Explore this area Business Placement

Demographics for 12063, NY

443

Population

299

Households

1.5

Avg Household Size

44

Median Age

41%

College-Educated

100%

High-School Grad

1.3 sq mi

ZIP Area

341

Density / Sq Mi

$84,817

Median Household Income

$50,000

Median Earnings

$272,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Duplex - Two residential units offer separate layouts, with a screened porch and a three-car garage.

Where is this duplex located?

The property is located at 51 E Hill Rd East Schodack, NY.

What is the asking price?

The asking price for this property is $365,000.

What are key features of this property?

This property features: Two‑unit duplex with 2,088 square feet on 1.28 acres; First‑floor unit has one bedroom and an open layout; Second‑floor unit includes two bedrooms and a loft for storage