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Property profile & analytics
OFF-MARKET
Estimated value
$475,000
Assisted living facilities
1940 Hamburg St Schenectady, NY 12304-4791
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US63-6169217
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1980
Total area
34,950 SF
Lot
2.77 ac (120,661 SF)
Zoning code
R-2
APN
422800 49.19-5-3
UPID
US63-6169217
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$475k
Owner & transaction history
Schenectady Alf Realty LLC · 8 yrs held
Schenectady Alf Realty LLC
since 2017
2 recorded transactions
Zoning & alternative use
R-2 · Schenectady, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
-3 Districts established. § 264-4 Boundaries. § 264-5 Annexed territory. § 264-6 OS Recreation and Open Space District. § 264-7 R-1 Single-Family Residential District. § 264-8 RH-1 Historic Residential District. § 264-9 R-2 Two-Family Residential District. § 264-10 RH-2 Stockade Historic Residential District. § 264-11 R-3 Multiple-Family Residential District…
Zone name
Two Family Residential
General category
RESIDENTIAL
Zone area
1.05 ac
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
Method
Estimation
Statistic approach
by Request
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$475k
Range $428k – $523k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$14 / SF
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
$3,145,000
Assessed 2023
Previous assessed
$3,145,000
+0.0% YoY
Assessed land
$70,600
Assessed improvement
$3,074,400
Land market value
$92,896
Improvement market value
$4,045,304
Total market value
$4,138,200
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1980
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
34,950 SF
Lot
2.77 ac (120,661 SF)
Zoning code
R-2
APN
422800 49.19-5-3
UPID
US63-6169217
Jurisdiction
SCHENECTADY
Zoning & alternative use
R-2 · Schenectady, NYZoning R-2 · permitted uses
R-2 · Schenectady, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
-3 Districts established. § 264-4 Boundaries. § 264-5 Annexed territory. § 264-6 OS Recreation and Open Space District. § 264-7 R-1 Single-Family Residential District. § 264-8 RH-1 Historic Residential District. § 264-9 R-2 Two-Family Residential District. § 264-10 RH-2 Stockade Historic Residential District. § 264-11 R-3 Multiple-Family Residential District. § 264-12 C-1 Neighborhood Retail Business District. § 264-13 C-2 Mixed-Use Commer
Zone name
Two Family Residential
General category
RESIDENTIAL
Zone area
1.05 ac
Building & site characteristics
From public records
Year built
1980
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
2.77 ac
Current owner
From public records · entity-resolved
Schenectady Alf Realty LLC
Entity
Mailing address
4770 WHITE PLNS RD #3, BRONX, NY 10470-1136
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2017
$750,000
Schenectady Alf Realty LLC
1940 Hamburg Street LLC
Trustees Deed
$36,440,000 · Banco Popular
Aug 21, 2008
—
Hallmark Operating INC
—
Deed Of Trust
related
$2,000,000 · Manufacturers Traders & Trust
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.
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