132 Broadway - Apartments FOR SALE


Schenectady, NY 12305- Seward Place
$3,600,000 USD
845-325-1568
132 Broadway, Schenectady, NY for Sale
$3,600,000 USD
Apartments - FOR SALE
1/60
null | 7.4% Cap Rate

132 Broadway
Schenectady, NY 12305
Seward Place


HIGHLIGHTS

  • Fully Occupied
  • Recently Renovated
  • Strong NOI

OVERVIEW

100% occupied 11 Unit Mixed-Use asset in the heart of Downtown Schenectady. +/- 26,718 sf, 4 story building featuring one (1) studio, five (5) one-bedroom units, five (5) three-bedroom units & one commercial space. Ground floor retail space is occupied by long term tenant with 5 years of term remaining. Property was completely renovated in 2021 featuring industrial, loft-style finishes. Priced at a 7.40% cap rate on in place income and includes a PILOT program in place through 2031. Located in Downtown Schenectady right off State Street; steps from numerous dining and entertainment options. Priced significantly below replacement cost.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$192 USD /SF

# OF UNITS

11

PRICE/UNIT

$327,273

CAP RATE

7.4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

132 Broadway Lofts

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1907

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,546 SF

ZONING

C-4

APN/PARCEL ID

039-072-0002-042-000-0000

ASK ABOUT THIS PROPERTY

Kyle BradleyCarrow Real Estate ServicesMore Info
845-325-1568

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Kyle BradleyCarrow Real Estate ServicesMore Info
845-325-1568

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.