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38-40 N Broadway

Schenectady, NY 12305
  • $699,999
  • STATUS: Active
  • MLS #: 202310127
Price Reduced
$699,999
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1918
County:
Area:

School Information

High School:
School District:

Description

Multiuse 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 commerical 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 $100,000.

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© 2023 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. Data last updated 2023-02-07T00:12:27.49.
www.capitalrealtyxperts.com/homes/135775117
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38-40 N Broadway Schenectady, NY 12305

  • Price: $699,999
  • Status: Active
  • On Site: Days
  • MLS #: 202310127
0
Beds
0
Baths
0
½ Baths
0.12
Acres
1918
Built
County:
Schenectady
Area:
Schenectady
High School:
Schenectady
School District:
Schenectady
Property Description
Multiuse 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 commerical 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 $100,000.
Exterior Features

Architectural Style 2 Story Construction Materials Brick Exterior Features None Parking Total 6.00 Waterfront YN No

Interior Features

Basement Full Cooling Central Air Flooring Ceramic TileHardwood Heating Natural Gas Multi Family Unit1 Total Bedrooms 0 Multi Family Unit1 Total Full Baths 2 Multi Family Unit1 Total Half Baths 0 Multi Family Unit1 Total Rooms 3 Multi Family Unit2 Total Bedrooms 0 Multi Family Unit2 Total Full Baths 0 Multi Family Unit2 Total Half Baths 0 Multi Family Unit2 Total Rooms 1

Property Features

Association YN No City Town Taxing Entity Schenectady Enhanced Accessible YN No New Construction YN No Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Possession At Closing Property Sub Type Multi Family Separate Utilities ElectricGas Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 16568.00 Water Source Public

Listing information © 2023 Global MLS.
Listing provided courtesy of Hamayun Faizy of Realty One Group Key: (518) 630-5360.



© 2023 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. Data last updated 2023-02-07T00:12:27.49.
 
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