4-Unit Mixed-Use
96-98 Railroad Street, Mechanicville, NY 12118
For Sale
$550,000
Four apartments and commercial space are combined within one building.
Property Size3,740 SF
Price / SF$147.06
Days on Market57
Property Features for 96-98 Railroad Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Units
Listing Agency:
Premier Homes Elite Realty LLC
Listed By:
Chrystal Chadwick
(518) 289-1042
Source:
Chadmajewski
Added: Sep 18
Changed: Nov 7
Last Checked: Nov 12 at 3:47PM
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 Premier Homes Elite Realty LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 96-98 Railroad Street in Mechanicville, this mixed-use property contains four apartments alongside commercial space. The residential unit mix comprises two 2-bedroom apartments and two 1-bedroom apartments, with the commercial area providing a separate business component.
The property measures 3,740 square feet, was built in 1900, and has Mixed zoning.
The property measures 3,740 square feet, was built in 1900, and has Mixed zoning.
Key Highlights
- Four residential units: two 2‑bedroom apartments and two 1‑bedroom apartments
- Commercial space included in the mixed‑use property
- 3,740 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,659
Cap Rate
9.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$993,180
$993.2K
Cap Rate 7%
$709,414
$709.4K
Cap Rate 9%
$551,767
$551.8K
Market Conditions
NOI Build-Up for 3,740 SF
Gross rent
$94.2K $25.20/SF
− Vacancy
−$4.0K −$1.06/SF
EGI
$90.3K $24.14/SF
− OpEx
−$40.6K −$10.86/SF
NOI
$49.7K $13.28/SF
Area
Saratoga County, NY
Vacancy
4.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$993,180
Cap Rate 7%
$709,414
Cap Rate 9%
$551,767
Alternative Uses
Best Use
Multifamily LT 5
$792.9K
$693.8K – $925.1K
NOI $55,504 @ 7.0% cap · market cap 10.09%
Second Best
Apartment 5plus
$709.4K
$620.7K – $827.7K
NOI $49,659 @ 7.0% cap · market cap 9.03%
Theoretical Best
Office A
$1.12M
$979.5K – $1.31M
NOI $78,360 @ 7.0% cap · market cap 14.25%
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
400
Businesses Nearby
Explore this area
Business Placement
Demographics for 12118, NY
16,618
Population
8,079
Households
2.1
Avg Household Size
42
Median Age
33%
College-Educated
93%
High-School Grad
35.3 sq mi
ZIP Area
471
Density / Sq Mi
$91,182
Median Household Income
$54,079
Median Earnings
$1,105
Median Rent
$315,100
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Saratoga County, NY
Properties on Market for Mixed-use properties in Saratoga County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four apartments and commercial space are combined within one building.
Where is this mixed-use property located?
The property is located at 96-98 Railroad Street Mechanicville, NY.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Four residential units: two 2‑bedroom apartments and two 1‑bedroom apartments; Commercial space included in the mixed‑use property; 3,740 square feet
