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    Property profile & analytics

    1687 Foster Ave Schenectady, NY 12308-1818

    • Investment properties
    • 3,232 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimation
    $255,000
    Location Intelligence
    Property ID
    US63-0512290
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 1687 Foster Ave

    Year built
    1981
    Lot size
    0.09 lot acres
    Property size
    3,232 SF
    Zone code
    03 - MULTI-FAMILY
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    421500 39.42-1-9
    APU
    421500394219

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $240,000

    • CAP approach

      CAP return
      Estimation
      6%
      $265,000
      6.5%
      $280,000
      7%
      $285,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $295,000
      Geo Method
      $230,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $295,000
      Retail
      $275,000
      Mixed-Use
      $255,000
      Hospitality
      $255,000
      Educational
      $280,000
      Residential Income
      $330,000
      Energy
      $285,000
      Income-Based Land
      $300,000
      Food Service
      $270,000

    Location Insight

    • Map
    • Local Demand
    City
    Schenectady
    County
    Schenectady
    State
    New York
    Longitude
    -73.9273
    Latitude
    42.8247
    CBSA code
    10580
    CBSA name
    ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $12,800
    $142,200
    $155,000
    -
    $16,203
    $180,000
    $196,203

    Comparable in this City

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    • Value Estimation by Request
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      1847 Van Vranken Ave

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    • Value Estimation
      $200,000
      2,922 SF

      1477 Lowell Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,922 SF
      1477 Lowell Rd, Schenectady, NY 12308
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    • Value Estimation
      $245,000
      3,953 SF

      1474 Lowell Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,953 SF
      1474 Lowell Rd, Schenectady, NY 12308-2516
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    • Value Estimation
      $255,000
      3,812 SF

      503 Nott St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,812 SF
      503 Nott St, Schenectady, NY 12308-1814
      View Details
    • Value Estimation
      $260,000
      3,925 SF

      547 Nott St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,925 SF
      547 Nott St, Schenectady, NY 12308-2232
      View Details

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    1687 Foster Ave
    Schenectady, NY 12308-1818
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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