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    OFF-MARKET
    Warehouses

    619-621 Pearl St, Menands, NY 12204

    9,750 SF 0.25 ac lot Built 1940
    Entity Owned 14-yr Hold ~ Est. High Equity
    Property ID
    US63-0341313
    Property summary
    AI-generated overview

    This single-story, 9,600 square foot retail building in Menands, NY, offers 2,600 square feet of immediately available space. Located at 619-621 N Pearl St, near N 3rd street, this Class C property boasts six suites, with a minimum divisible space of 200 square feet and larger spaces up to 1,650 square feet available to accommodate various business needs. The building underwent renovations in 2019 and is currently undergoing exterior improvements including new signage and facade enhancements. The property is zoned MU-NE and benefits from convenient street parking. Utilities include 240/120 power. Annual property taxes are $1.36 per square foot. This vibrant location is close to public transportation (bus line) and a school, and is already home to a diverse mix of established businesses including a laundromat, hair salon, convenience store, and Caribbean restaurant. This presents a unique opportunity for businesses seeking high-visibility retail space in a thriving community.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1940
    Total area 9,750 SF
    Lot 0.25 ac (10,875 SF)
    Zoning code C1
    APN 010100 66.29-1-5
    UPID US63-0341313
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Sachin Realty LLC · 14 yrs held
    Sachin Realty LLC
    since 2011
    3 recorded transactions
    2011
    $310,000
    1969
    1969
    Zoning & alternative use
    C1 · Menands, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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