Financial
Distress signals
Property profile

1599 Union St Schenectady, NY 12309

FOR SALE
Turn key restaurants
Property ID
US63-0513684
1,109 SF 0.09 ac lot Built 1984
Entity Owned Owner of record is a legal entity (LLC / corporation). 23-yr Hold Held for 23 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

The property is a restaurant space used for Italian specialties and pizza operations, located in the Upper Union Street Business District of Schenectady. The interior area is approximately 1,100 square feet and is configured with commercial food-service equipment, including multiple coolers, ovens, commercial gas stoves, deep fryers, shelving and display units, as well as tables and chairs. The space includes fixtures and equipment typically associated with sit-down and take-out restaurant use.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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$111k
Assessed land$12k
Assessed improvement$99k

Value estimate

· Sep 2026
$110k
$99k – $121k
NOI build-up
Gross scheduled income$22k
Vacancy & credit loss−$911
Operating expenses−$5k
NOI · 23.98% cap applied$16k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$149/SF
Submarket average, outlier-cleaned · 25 recorded sales of this use type
Observed band · Q1–Q3$58 – $235

Cap rate analysis

How does the asset earn?
23.98%
$16k 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 Facility15.6
Clothing Store12.6
Wholesale Shop12.5

Location

1599 Union St Schenectady, NY 12309
County assessor Recorded deeds · not on file Comp sales · not on file 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 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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