Financial
Distress signals
Property profile

1626 Union St Schenectady, NY 12309

FOR LEASE
Other investment properties
Property ID
US63-0089589
3,610 SF 0.12 ac lot Built 1997
Last sale Jan 2026 · $410,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This property is a former AAA office suite containing 2,200 square feet of office space, configured as an established, move-in-ready office layout based on its prior use. The suite is located at 1626 Union, Unit 1626, in Schenectady, New York, within a downtown business district characterized by office-oriented tenants and daytime activity. The space is suited for professional and client-facing office use, with an internal layout designed for office operations; any prospective occupant should

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.

Mortgages

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$379k
Assessed land$17k
Assessed improvement$362k

Value estimate

· Sep 2026
$235k
$212k – $259k
AI approach$235k
NOI build-up
Gross scheduled income$95k
Vacancy & credit loss−$14k
Operating expenses−$20k
NOI · 2,172.43% cap applied$61k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$72/SF
ZIP average, outlier-cleaned · 18 recorded sales of this use type
Observed band · Q1–Q3$66 – $83
Qualifying comparables7

Cap rate analysis

How does the asset earn?
2,172.43%
$61k 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: Parking Facility
Demand index
Parking Facility12.5
Wholesale Shop12.1
Auto Parts Store10.8

Location

1626 Union St Schenectady, NY 12309
County assessor Recorded deeds · 2 transfers 7 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1712 Un, Schenectady, NY 12309-6222 $370,000 Sep 2023 3,533 SF
1628 Un, Schenectady, NY 12309-6283 $430,000 Mar 2023 4,235 SF
976 Balltown, Schenectady, NY 12309-6428 $175,000 Mar 2023 3,204 SF
1542 Un, Schenectady, NY 12309-6002 $300,000 Nov 2022 4,058 SF
1545 Un, Schenectady, NY 12309-6022 $290,000 Jun 2022 3,607 SF
1537 Un, Schenectady, NY 12309-6001 $300,000 Dec 2021 3,330 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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