Schenectady, NY 12305 · Schenectady County

This fully leased four-story mixed-use building in downtown Schenectady contains eleven residential units across studio, one-bedroom, and three-bedroom layouts plus ground-floor retail space occupied by an established tenant through 2031. Built in 1907 and completely renovated in 2021, the 26,718-square-foot property features industrial loft-style finishes and modern systems including central air and forced air heating. Located steps from State Street dining and entertainment, the property sits in the heart of a revitalized downtown anchored by Union College and cultural venues like Proctors. The asset operates at full occupancy and is enrolled in a PILOT tax program through 2031.
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.
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Schenectady is in Schenectady County, NY. There are currently 186 active listings here, ranging from $19,000 to $156,200,000. Priced 1186% above the Schenectady median of $279,900.
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Carrow Real Estate Services LLC · Listed by Kyle J Bradley (34097)
Contact: 845-325-1568
MLS #202624413 · Source: Global MLS, Inc.
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Every change captured by Global MLS since this listing went live.
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