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Property profile

240 State St 5 Schenectady, NY 12305

FOR LEASE
Other investment properties
Property ID
US63-5332335
141,145 SF 1.11 ac lot Built 2019
Last sale Oct 2015 · $268,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This is a warehouse property of approximately 141,145 square feet located in Schenectady, New York. The building is configured for warehouse and industrial use.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2023$12.45M
Assessed land$154k
Assessed improvement$12.30M

Value estimate

· Oct 2026
$14.05M
$12.64M – $15.45M
Submarket $/SF estimate$13.14M
NOI build-up
Gross scheduled income$2.54M
Vacancy & credit loss−$107k
Operating expenses−$730k
NOI · 10,648,331.25% cap applied$1.70M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$70/SF
ZIP average, outlier-cleaned · 41 recorded sales of this use type
Observed band · Q1–Q3$43 – $93

Cap rate analysis

How does the asset earn?
10,648,331.25%
$1.70M 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: Building Supply
Demand index
Building Supply19.4
Dental Office16.9
Storage Facility14.6

Location

240 State St, Unit 5 Schenectady, NY 12305
County assessor Recorded deeds · 4 transfers Qualifying 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 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
521 Un, Schenectady, NY 12305-1114 $1,700,000 Feb 2026 17,355 SF
309 Un, Schenectady, NY 12305-1103 $635,000 Feb 2026 12,953 SF
140 Clinton, Schenectady, NY 12305-2017 $655,000 Jan 2026 7,980 SF
824 Broadway, Schenectady, NY 12305-2707 $95,000 May 2025 7,224 SF
602-606 State, Schenectady, NY 12305 $1,275,000 Apr 2025 13,616 SF
108 State, Schenectady, NY 12305-1764 $18,000,000 Feb 2024 136,722 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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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?”
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