Side-by-Side
For Sale
$399,999
Pending
7 Woodridge Circle, Halfmoon, NY 12065
Two attached residences offer matching three-bedroom layouts within the Shenendehowa School District.
Property Size2,112 SF
Days on Market213
Property Features for 7 Woodridge Circle
General Information
Standard status
Pending
Size
2,112 SF
Total Parking Spaces
6
Property subtype
Multi Family / Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,000
Amenities
Shingle, Asphalt
Wall Unit(s), Yes
Baseboard, Electric, Solar, Yes
Full, Heated
True
Laminate
Concrete Perimeter
Vinyl Siding
Garden
Porch, Rear Porch
Building Details
Year Built
1987
Listing Agency:
Miranda Real Estate Group Inc
(518) 512-1349
Listed By:
Ryan Gocool · License #10401383848
(518) 512-1349
Source:
Compass
Added: Jan 30
Changed: Aug 30
Last Checked: Aug 30 at 7:01PM
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.
This side-by-side duplex contains 2112 square feet and was built in 1987. Each residence provides three bedrooms, one full bathroom, and one half bathroom, creating a consistent layout across both units. Interior features include laminate flooring, electric baseboard heat, wall unit cooling, and full heated basements. The exterior has vinyl siding, a rear porch, and garden space.
Located at 7 Woodridge Circle in Halfmoon, the property is within the Shenendehowa School District. Shopping, dining, parks, and major commuter routes are accessible from the property. The duplex configuration supports separate residential occupancy while maintaining a shared building structure.
Located at 7 Woodridge Circle in Halfmoon, the property is within the Shenendehowa School District. Shopping, dining, parks, and major commuter routes are accessible from the property. The duplex configuration supports separate residential occupancy while maintaining a shared building structure.
Key Highlights
- Side‑by‑side duplex with 2112 square feet
- Each unit includes 3 bedrooms, 1 full bath, and 1 half bath
- Built in 1987
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
$31,344
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
7.84%
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%
$626,880
$626.9K
Cap Rate 7%
$447,771
$447.8K
Cap Rate 9%
$348,267
$348.3K
Market Conditions
NOI Build-Up for 2,112 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
$46.9K $22.20/SF
− Vacancy
−$2.1K −$1.00/SF
EGI
$44.8K $21.20/SF
− OpEx
−$13.4K −$6.36/SF
NOI
$31.3K $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%
$626,880
Cap Rate 7%
$447,771
Cap Rate 9%
$348,267
Alternative Uses
Best Use
Multifamily LT 5
$447.8K
$391.8K – $522.4K
NOI $31,344 @ 7.0% cap · market cap 7.84%
Second Best
Apartment 5plus
$400.6K
$350.5K – $467.4K
NOI $28,043 @ 7.0% cap · market cap 7.01%
Theoretical Best
Office A
$632.2K
$553.1K – $737.5K
NOI $44,251 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
397
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 - Two attached residences offer matching three-bedroom layouts within the Shenendehowa School District.
Where is this duplex located?
The property is located at 7 Woodridge Circle Halfmoon, NY.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Side‑by‑side duplex with 2112 square feet; Each unit includes 3 bedrooms, 1 full bath, and 1 half bath; Built in 1987
