Property profile

1687 Foster Ave Schenectady, NY 12308

OFF-MARKET
Investment properties
Property ID
US63-0512290
3,232 SF 0.09 ac lot Built 1981
Individually Owned 20-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional mixed-use property at 1687 Foster Avenue in Schenectady, NY, presents a unique investment opportunity. The 3,232 square foot building, constructed in 1920, currently operates as a successful restaurant, offering a turnkey operation for a new owner. The sale includes the adjacent parking lot at 1671 Foster Ave, adding significant value and convenience. The building sits on a 0.1-acre lot (4,125 square feet) and features 9-foot ceilings throughout the main restaurant space. The property's mixed-use zoning allows for the re-establishment of a second-floor apartment, providing potential for additional income or owner occupancy. The property's address is 1687 Foster Ave, Schenectady, NY 12308, and its Assessor's Parcel Number (APN) is 42150039.42-1-9. This is an ideal opportunity for an experienced restaurateur looking to acquire an established business with immediate revenue potential, or for an investor seeking a strong return on investment with the added benefit of potential rental income from a renovated apartment. The asking price for this prime Schenectady location is $189,900. Don't miss this chance to own a thriving business and valuable real estate in a desirable area.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1981
Total area 3,232 SF
Lot 0.09 ac (4,125 SF)
Zoning code 03 - MULTI-FAMILY
APN 421500 39.42-1-9
UPID US63-0512290

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1687 Foster Ave Schenectady, NY 12308-1818
Schenectady metro Census 20200 ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

since 2005
1 recorded transaction
2005
Price N/A

Zoning & alternative use

03 - MULTI-FAMILY · Schenectady, NY

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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