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Property profile & analytics
FOR LEASE
Strip malls
1400 Altamont Ave Schenectady, NY 12303
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-0519850
For Lease
1 / 2
Contact for pricing
1400 Altamont Ave, Schenectady, NY 12303
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Lot
0.43 ac (18,731 SF)
Zoning code
B-2
APN
422800 59.6-6-3.111/3
UPID
US63-0519850
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
China Star Restaurant
-
Hannaford Pharmacy Pharmacy
-
Hannaford Plaza Specialty Food Shop Supermarket
-
SureSafe Insurance Service Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Santay Realty Of Schenectady LLC · 3 yrs held
Santay Realty Of Schenectady LLC
since 2023
4 recorded transactions
Zoning & alternative use
B-2 · Schenectady, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Schenectady submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Schenectady submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$237,500
Assessed 2023
Previous assessed
$237,500
+0.0% YoY
Assessed land
$108,000
Assessed improvement
$129,500
Land market value
$142,105
Improvement market value
$170,395
Total market value
$312,500
Applied tax rate
422,803.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Heating
NONE
Lot
0.43 ac (18,731 SF)
Zoning code
B-2
APN
422800 59.6-6-3.111/3
UPID
US63-0519850
Jurisdiction
SCHENECTADY
Zoning & alternative use
B-2 · Schenectady, NY
Zoning B-2 · permitted uses
B-2 · Schenectady, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Schenectady. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.43 ac
Current owner
From public records · entity-resolved
Santay Realty Of Schenectady LLC
Entity
Free & Clear · 3 yrs held
Mailing address
27 RADIO CIR DR STE 201A, MOUNT KISCO, NY 10549-2639
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2023
$1,275,000
Santay Realty Of Schenectady LLC
Sasi Properties LLC
Bargain & Sale Deed
—
Jun 2, 2022
$999,000
Sasi Properties LLC
Msci 2006 Hq1o Altamont Avenue LLC
Bargain & Sale Deed
—
Mar 27, 2017
$11,655,000
Wood Stone IV Holdings Rotterd
Ccms 2005-cd1 Retail 1400 LLC
Grant Deed
related
—
Oct 21, 2014
$9,900,000
Ccms 2005-cd1 Retail 1400 LLC
Referee Of Schenectady County
Trustees Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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