Technical
Financial
Distress signals
Property profile

389 Mckay Rd Amsterdam, NY 12010

OFF-MARKET
Other investment properties
Property ID
US63-3626584
6,424 SF 5 ac lot Built 1944
Individually Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

This multi-family residential property contains 6 rental units and is located on 5 acres within the Broadalbin-Perth School District. The units include improvements such as updated flooring and modernized kitchens in several units. The site features a large rentable garage and an on-site office. Several of the furnaces have been updated, supporting more current heating equipment across parts of the building. The property is served by existing residential infrastructure suitable for ongoing rental use.

Property profile

Verified
Property type Other investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1944
Total area 6,424 SF
Lot 5 ac (217,800 SF)
Zoning code 05 - COMMERCIAL
APN 173600 178.-7-11
UPID US63-3626584

Cap rate & NOI

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

Location

389 Mckay Rd Amsterdam, NY 12010-6327
Amsterdam metro Census 971400 GLOVERSVILLE, NY MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$647k
Blend (final) Blend
$610k

Owner & transaction history

since 2019
2 recorded transactions
2019
$290,000
2011
Price N/A

Zoning & alternative use

05 - COMMERCIAL · Amsterdam, NY

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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