4-Unit Mixed-Use
9 N Broadway, Schenectady, NY 12305
For Sale
New
$579,000
Commercial Sale, Schenectady, NY
Property Size3,043 SF
Lot Size0.05 Acres
Price / SF$190.27
Days on Market2
Property Features for 9 N Broadway
General Information
Property type
Property subtype
Zoning
Parking features
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Mixed-Use Components
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Building Details
Floors in Building
Building materials
Roof type
Listing Agency:
Berkshire Hathaway Home Services Blake · Berkshire Hathaway HomeServices
(518) 464-0870
Listed By:
Karen Zalewski-Wildzunas · License NY #10301219752
(518) 858-4719
Added: Nov 12
Changed: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 202630065
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,043-square-foot mixed-use building contains four units: one commercial space and three apartments. The residential portion includes two two-bedroom apartments and one one-bedroom apartment. Updated finishes are present throughout. Construction includes frame and block, with forced-air and baseboard heating and a flat roof.
The property is near downtown Schenectady, with shops, restaurants, entertainment, and public transit nearby. On-street parking serves the building, and it has public water and public sewer. The parcel measures 0.05 acres and is zoned Mixed.
The property is near downtown Schenectady, with shops, restaurants, entertainment, and public transit nearby. On-street parking serves the building, and it has public water and public sewer. The parcel measures 0.05 acres and is zoned Mixed.
Key Highlights
- Four units: one commercial space and three apartments
- Residential mix includes two two‑bedroom apartments and one one‑bedroom apartment
- 3,043‑square‑foot building on a 0.05‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,993
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$839,860
$839.9K
Cap Rate 7%
$599,900
$599.9K
Cap Rate 9%
$466,589
$466.6K
Market Conditions
NOI Build-Up for 3,043 SF
Gross rent
$73.0K $24.00/SF
− Vacancy
−$5.8K −$1.92/SF
EGI
$67.2K $22.08/SF
− OpEx
−$25.2K −$8.28/SF
NOI
$42.0K $13.80/SF
Area
Schenectady County, NY
Vacancy
8.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$839,860
Cap Rate 7%
$599,900
Cap Rate 9%
$466,589
Alternative Uses
Best Use
Mixed Use
$599.9K
$524.9K – $699.9K
NOI $41,993 @ 7.0% cap · market cap 7.25%
Second Best
Retail
$524.7K
$459.1K – $612.2K
NOI $36,731 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$910.8K
$797.0K – $1.06M
NOI $63,757 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,987
Businesses Nearby
Explore this area
Business Placement
Demographics for 12305, NY
6,085
Population
4,103
Households
1.5
Avg Household Size
37
Median Age
34%
College-Educated
88%
High-School Grad
1.5 sq mi
ZIP Area
4,057
Density / Sq Mi
$50,308
Median Household Income
$34,228
Median Earnings
$1,067
Median Rent
$162,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Schenectady County, NY
Properties on Market for Mixed-use properties in Schenectady County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - One commercial space is paired with three apartments, including two two-bedroom units.
Where is this mixed-use property located?
The property is located at 9 N Broadway Schenectady, NY.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: Four units: one commercial space and three apartments; Residential mix includes two two‑bedroom apartments and one one‑bedroom apartment; 3,043‑square‑foot building on a 0.05‑acre lot
