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Financial
Distress signals
Property profile

2437 3Rd Ave Watervliet, NY 12189

FOR LEASE
Other warehouses
Property ID
US63-0573028
11,316 SF 0.39 ac lot Built 1925
Last sale Oct 2008 · $345,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 17-yr Hold Held for 17 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

An industrial building totaling 12,352 square feet, combining office and warehouse areas. The main level comprises approximately 3,944 square feet with a reception area, eight offices, and a kitchenette. A second-floor executive office provides approximately 744 square feet and includes a full bathroom and storage area. The warehouse space totals approximately 8,408 square feet with 15-foot ceilings, concrete flooring, and a bathroom; it is served by a 12-by-16-foot overhead at-grade door and…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?
Assessed value · 2023$540k
Assessed land$178k
Assessed improvement$362k

Value estimate

· Oct 2026
$425k
$383k – $468k
NOI build-up
Gross scheduled income$178k
Vacancy & credit loss−$12k
Operating expenses−$50k
NOI · 1,657,742.86% cap applied$116k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$43/SF
County average, outlier-cleaned · 48 recorded sales of this use type
Observed band · Q1–Q3$22 – $64

Cap rate analysis

How does the asset earn?
1,657,742.86%
$116k 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?
MU2
JurisdictionALBANY

Location intelligence

Which uses thrive at this corner?
Best fit: Carpet & Flooring Store
Demand index
Carpet & Flooring Store9.1
Garden Center8.6
Tech Support Center8.6

Location

2437 3Rd Ave Watervliet, NY 12189
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

3 recorded sales · 11 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1801 Ave B, Watervliet, NY 12189-2501 $4,400,000 Aug 2022 86,400 SF
27 Cohoes, Watervliet, NY 12189-1851 $165,000 Dec 2020 1,491 SF
1401 1st, Watervliet, NY 12189-2820 $90,000 Apr 2020 4,162 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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