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$698,089*
●
Multifamily -
Off Market
38-40 N Broadway
Schenectady, NY 12305
Studio
2 Baths
$630,000 - $768,000
Reference Base Price*
-0.27%
Since Aug 1, 2023
National-US
Primary Model
About This Property
Multi-use building in the heart of downtown Schenectady! First
floor is currently being rented to a restaurant. Second floor is
completely gutted and has plans drawn up for four luxury apartment
units. Plans included in the sale. Upstairs could also be leased
out to another commercial tenant. Restaurant has undergone
improvements including new flooring, new AC and heating units, new
hot water tank, electrical work, and a complete face lift. With the
addition of new apartments upstairs, cap rate is 8%. Great cash
flow! Don't miss out on this amazing opportunity to own a piece of
downtown Schenectady! Agent is owner.
The restaurant is for sale separately- asking price $75,000.
The restaurant is for sale separately- asking price $75,000.
Unit Size
-
Days on Market
-
Land Size
0.12 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$1,381
HOA Dues
-
Year Built
-
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 20, 2023 | No longer available | - | |
| No longer available | |||
| Mar 12, 2023 | In contract | - | |
| In contract | |||
| Jan 31, 2023 | Price Decreased |
$699,999
↓ $250K
(26.3%)
|
|
| Price Decreased | |||
| Jan 1, 2023 | Listed | $949,999 | |
| Listed | |||
Property Highlights
Air Conditioning
Exterior Details
Exterior Information
Brick
38-40 N Broadway
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|
Building Info
