Realmo Analytics

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Financial
Distress signals
Property profile

406 Union St Schenectady, NY 12305

FOR LEASE
Office buildings
Property ID
US63-1932295
1,559 SF 0.13 ac lot Built 1960
Last sale Mar 2026 · $234,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is an office unit located at 406 Union St, Unit 406, in Schenectady, New York. It is configured for professional office use, with space designed to support business operations and to accommodate routine client and employee access. The unit is situated along an active commercial corridor, providing visibility from Union Street and access suited to day-to-day workplace 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. 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$88k
Assessed land$20k
Assessed improvement$69k

Value estimate

· Oct 2026
$210k
$189k – $231k
AI approach$255k
NOI build-up
Gross scheduled income$41k
Vacancy & credit loss−$6k
Operating expenses−$9k
NOI · 875.63% cap applied$26k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$99/SF
Submarket average, outlier-cleaned · 34 recorded sales of this use type
Observed band · Q1–Q3$45 – $141
Qualifying comparables6

Cap rate analysis

How does the asset earn?
875.63%
$26k 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: Tailor Shop
Demand index
Tailor Shop9.5
HVAC Service9.4
Acupuncture8.6

Location

406 Union St Schenectady, NY 12305
County assessor Recorded deeds · 2 transfers 6 qualifying comp sales 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 · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
213 State, Schenectady, NY 12305 $450,000 Jan 2024 4,655 SF
115 Clinton, Schenectady, NY 12305-2001 $160,000 Jan 2024 2,862 SF
323 Clinton, Schenectady, NY 12305-2405 $500,000 May 2022 3,591 SF
318 Broadway, Schenectady, NY 12305-2520 $250,000 Feb 2021 4,160 SF
116 Jay, Schenectady, NY 12305-1904 $75,000 Mar 2020 1,914 SF
101 State, Schenectady, NY 12305-1707 $250,000 Dec 2018 5,388 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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