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Financial
Distress signals
Property profile

101 State St OFFICE Schenectady, NY 12305

FOR LEASE
Office buildings
Property ID
US63-0178608
5,388 SF 0.07 ac lot Built 1981
Last sale Mar 2023 · $250,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional property at 101 State Street in Schenectady, NY, presents a unique opportunity. Built in 1760, this two-story building boasts 5,388 square feet of vacant space, perfect for a single tenant seeking a distinctive location. The building's rich history and architectural character are undeniable assets, offering a unique ambiance for any business. With a 9-foot ceiling height, the space is versatile and adaptable to various office or retail configurations. The 0.07-acre lot…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?
Assessed value · 2023$257k
Assessed land$10k
Assessed improvement$247k

Value estimate

· Oct 2026
$245k
$221k – $270k
AI approach$245k
NOI build-up
Gross scheduled income$97k
Vacancy & credit loss−$4k
Operating expenses−$28k
NOI · 6,503,700.00% cap applied$65k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$99/SF
Submarket average, outlier-cleaned · 34 recorded sales of this use type
Observed band · Q1–Q3$45 – $141
Qualifying comparables5

Cap rate analysis

How does the asset earn?
6,503,700.00%
$65k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
05 - COMMERCIAL
JurisdictionSCHENECTADY

Location intelligence

Which uses thrive at this corner?
Best fit: Tailor Shop
Demand index
Tailor Shop9.5
Dry Cleaner9.3
Storage Facility8.9

Location

101 State St, Unit OFFICE Schenectady, NY 12305
County assessor Recorded deeds · 4 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
148 Barrett, Schenectady, NY 12305-2004 $550,000 May 2024 9,636 SF
213 State, Schenectady, NY 12305 $450,000 Jan 2024 4,655 SF
115 Clinton, Schenectady, NY 12305-2001 $160,000 Jan 2024 2,862 SF
620 Un, Schenectady, NY 12305-1503 $660,000 Dec 2022 13,288 SF
323 Clinton, Schenectady, NY 12305-2405 $500,000 May 2022 3,591 SF
318 Broadway, Schenectady, NY 12305-2520 $250,000 Feb 2021 4,160 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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