Property profile

444 Washington St Rensselaer, NY 12144

OFF-MARKET
Showrooms
Property ID
US63-0445323
0.21 ac lot Built 1968
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional mixed-use property, located at 444 Washington Street, Unit 444, in the vibrant city of Rensselaer, New York, presents a compelling investment opportunity. Situated on a sizable 0.21-acre lot, this property offers significant potential for a variety of uses, catering to both commercial and residential needs. The building's precise square footage is currently unavailable, however, the substantial lot size and prime downtown location suggest ample space for development or expansion. The asking price is $499,999, reflecting the property's strong potential for return on investment. Its central location within Rensselaer provides easy access to local amenities, transportation networks, and a thriving community. This property is ideal for savvy investors seeking a versatile asset with significant upside potential in a growing market. The property's mixed-use zoning allows for a range of possibilities, from retail spaces to residential units, or a combination thereof, making it an attractive option for entrepreneurs and developers alike. Further due diligence is encouraged to fully assess the property's potential and to determine the optimal development strategy. This is a rare opportunity to acquire a strategically located mixed-use property in a desirable New York location. Don't miss out on this chance to secure a valuable asset with significant long-term growth prospects.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1968
Lot 0.21 ac (9,148 SF)
Zoning code MU1
APN 381400 143.68-1-1
UPID US63-0445323

Cap rate & NOI

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

Location

444 Washington St Rensselaer, NY 12144-2617
Rensselaer metro Census 51500 ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$185k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$140k

Owner & transaction history

since 2022
Last sale
$270,001
3 recorded transactions
2022
$270,001
2019
Price N/A
1969
Price N/A

Zoning & alternative use

MU1 · Rensselaer, 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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