Property Description

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.

Property Features