Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1744 Albany St Schenectady, NY 12304-2920
    Back to Search
    Property profile & analytics

    1744 Albany St, Schenectady, NY 12304-2920

    View on Map
    • Investment properties
    • 2,760 SF
    • 0.09 lot acres
    Off-Market
    Last Sale Apr 29, 2024
    $316,000
    Property ID
    US63-0711485
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 1744 Albany St

    Year built
    1981
    Lot size
    0.09 lot acres
    Zone code
    03 - MULTI-FAMILY
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    421500 49.84-1-8
    APU
    421500498418

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 29, 2024 $316,000 Wayne Hopwood JR Mohamed Luqman Warranty Deed $310k · Sunmark FCU
    May 12, 2021 — City Of Schenectady Schenectady Urban Renewal Agency Quit Claim Deed · related —
    May 12, 2021 $20,000 Mohamed Luqman City Of Schenectady Quit Claim Arm's Length For Ne States —
    Mar 18, 2019 — Schenectady Urban Renewal Agcy City Of Schenectady Correction Deed · related —
    Mar 6, 2019 — Schenectady Urban Renewal Agcy City Of Schenectady Quit Claim Deed · related —
    Aug 22, 2018 — City Of Schenectady Commissioner Of Schenectady Cnty|addy,joseph M Trustees Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Schenectady
    County
    Schenectady
    State
    New York
    Longitude
    -73.9188
    Latitude
    42.7899
    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
    $12,400
    $111,800
    $124,200
    -
    $15,696
    $141,519
    $157,215

    Comparable in this City

    • Value Estimation by Request
      1,828 SF

      1735 State St

      OFFICE/RESIDENTIAL (MIXED USE)
      1735 State St, Schenectady, NY 12304-1832
      View Details
    • Value Estimation by Request
      1,677 SF

      1455 State St

      OFFICE/RESIDENTIAL (MIXED USE)
      1455 State St, Schenectady, NY 12304-2822
      View Details
    • Value Estimation by Request
      1,664 SF

      2002 State St

      OFFICE/RESIDENTIAL (MIXED USE)
      2002 State St, Schenectady, NY 12304
      View Details
    • Value Estimation by Request
      1,804 SF

      1763 State St

      OFFICE/RESIDENTIAL (MIXED USE)
      1763 State St, Schenectady, NY 12304-1829
      View Details
    • Value Estimation by Request
      2,819 SF

      1119 State St

      OFFICE/RESIDENTIAL (MIXED USE)
      1119 State St, Schenectady, NY 12304-2647
      View Details
    • Value Estimation by Request
      1,592 SF

      4 Marshall Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      4 Marshall Ave, Schenectady, NY 12304-2016
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      1.3 Acre Corner Lot

      1.3 acre corner lot with mixed-use potential and high visibility.
      2167 Central Ave, Colonie, NY 12304
      View Details
    • $350,000
      1.30 Acres

      Prime Corner Lot on Central

      1.3 acre corner lot with high visibility, ready for development.
      2167 Central Ave, Albany, NY 12304
      View Details
    • $135,000
      736 SF

      Versatile Mixed-Use Building For Sale

      Stand-alone mixed-use building with high visibility and functional convenience.
      1564 Becker St, Schenectady, NY 12304
      View Details
    • Contact for pricing

      Former ALDI Retail Space

      Anchored at Woodlawn Plaza with signalized access, upgraded parking, and strong co-tenancy for retail or office use.
      1594 State St, Schenectady, NY 12304
      View Details
    • $99,900
      0.55 Acres

      Schenectady Land For Sale

      Corner lot with road frontage, ready to build.
      L18 Climax Ave, Schenectady, NY 12304
      View Details
    • Contact for pricing
      15,296 SF

      Commercial Corner with Approved Building

      Commercial corner property with approved expansion potential.
      1501 State St, Schenectady, NY 12304
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo
      3,068 SF

      Highly Visible Storefront Opportunity

      High-traffic storefront suitable for retail or office use.
      1726 State St, Schenectady, NY 12304
      View Details
    • $10,000 /Mo
      8,840 SF

      Versatile Commercial Building for Lease

      8,840 SF commercial building on 1-acre lot for lease.
      2015 Hamburg St, Rotterdam, NY 12304
      View Details
    • Contact for pricing
      11,700 SF

      Retail Space Available For Lease

      Retail property available for lease, offering 11,700 square feet.
      2330 Watt St, Schenectady, NY 12304
      View Details
    • Contact for pricing

      Approved Warehouse Building Lot

      Approved lot for warehouse construction; turnkey options available.
      100 Morris Rd, Schenectady, NY 12304
      View Details
    • Contact for pricing

      Turnkey Salon with High-End Finishes

      Fully equipped salon space available for rent near major highways.
      2452 Albany St, Schenectady, NY 12304
      View Details
    • Contact for pricing

      Commercial Garage with Vehicle Lift

      Garage with 20-foot ceilings and vehicle lift for lease.
      2452 Albany St, Schenectady, NY 12304
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1744 Albany St
    Schenectady, NY 12304-2920
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1744 Albany St, Schenectady, NY, 12304
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!