Technical
Financial
Distress signals
Property profile

617 Un St Schenectady, NY 12305

OFF-MARKET
Investment properties
Property ID
US63-5875966
1,937 SF 0.17 ac lot Built 2008
Individually Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a unique chance to acquire a mixed-use property situated on a sizable 0.17-acre lot in the vibrant city of Schenectady, New York. Located at 617 Union Street, Unit 617, this property offers significant potential for a variety of uses, making it an attractive prospect for savvy investors. The property's size and location provide ample opportunity for development or redevelopment, catering to a range of commercial and potentially residential applications. The exact square footage is currently unavailable, however, the substantial lot size suggests considerable building space. The asking price of $589,000 reflects the property's prime location and development potential within a growing urban area. Further due diligence is encouraged to fully assess the property's potential and to determine the optimal use for this unique investment. This is a rare opportunity to acquire a significant piece of Schenectady real estate with substantial upside potential. Interested parties are encouraged to act swiftly to secure this promising investment. The property's address is clearly identified as 617 Union Street, Unit 617, Schenectady, NY. All interested parties should conduct their own independent investigation and due diligence to verify all aspects of the property and its suitability for their intended use.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2008
Total area 1,937 SF
Lot 0.17 ac (7,499 SF)
Zoning code 05 - COMMERCIAL
APN 421500 39.65-2-29
UPID US63-5875966

Cap rate & NOI

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

Location

617 Un St Schenectady, NY 12305-1502
Schenectady metro Census 20300 ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2017
4 recorded transactions
2017
Price N/A
2017
$318,000
2007
$160,000
1969
Price N/A

Zoning & alternative use

05 - COMMERCIAL · Schenectady, 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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