Technical
Financial
Distress signals
Property profile

242 Broadway Schenectady, NY 12305

OFF-MARKET
Investment properties
Property ID
US63-5495128
71,271 SF 0.62 ac lot Built 2016
Entity Owned 9-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2016
Total area 71,271 SF
Lot 0.62 ac (27,007 SF)
Zoning code 05 - COMMERCIAL
APN 421500 39.79-2-10.1
UPID US63-5495128

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Travel Agency
  • Research Institute
  • Apartment Building
  • Medical Group

Location

242 Broadway Schenectady, NY 12305-2517
Schenectady metro Census 33500 ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.64M
Blend (final) Blend
$7.16M

Owner & transaction history

since 2017
1 recorded transaction
2017
Price N/A

Zoning & alternative use

05 - COMMERCIAL · Schenectady, NY
Top alternative use upside
Restaurant $10.7M +114.2%
Office building $7.1M +42.0%
Auto repair, garage $6.9M +39.0%

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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