NOT LISTED FOR SALE

1011 Union St Schenectady, NY 12308

19 Beds
16 Baths
10,809 Sq Ft
8,276 Sq Ft Lot

Last Sold June 30, 2022

Last sale price $1,100,000 $102 Per Sq Ft

98 Days on Market

Highlights

  • Active Adult
  • No HOA
  • Forced Air Heating System

About This Home

As of June 2022

Brick 16 unit building with new roof in great location, walking distance to downtown and Union College, bus stop right across street! Gross annual scheduled rents exceed $150,000, this building is a money maker, cap rate at asking price in low 9's, details available on request. Be a part of the vibrant resurgence taking place right now in the City of Schenectady! Year built approximate, shows 1984 in CRS, not correct. Expenses shown as monthly costs, water/sewer cost combined under sewer expense, gas/electric combined under gas expense. Very Good Condition

Last Agent to Sell the Property

Joel Koval

Howard Hanna Capital Inc License #30KO0886220 Listed on: 11/05/2021

Howard Hanna Capital Inc

Last Buyer's Agent

Ramiz Turan

KW Platform License #10401211104

KW Platform

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,349

Year Built

  • Built in 1950

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 54 x 149

Home Design

  • Brick Exterior Construction
  • Rubber Roof

Interior Spaces

  • 10,809 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 19 Bedrooms
  • 16 Full Bathrooms

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for hot water, internet, cable TV, electricity, gas
  • The owner pays for trash collection, management, snow removal, grounds care, heat
  • Legal Lot and Block 23 / 1
  • Assessor Parcel Number 421500 39.75-1-23

Community Details

Overview

  • Active Adult
  • No Home Owners Association
  • 16 Units

Building Details

  • Insurance Expense $250

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,349

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: 5+ Units
  • Year Built: 1950
  • Directions: Corner of Union and Park
  • Above Grade Finished Sq Ft: 10809.0
  • Architectural Style: Apartment 4 Plus Unit
  • Financial Details General Taxes: 8740.0
  • General Taxes Description: Estimated
  • Financial Details School Taxes: 8609.0
  • School Taxes Description: Estimated
  • Lot Size Acres: 0.19
  • Lot Size: 54 x 149
  • Sale Detail Seller Contribution: Yes
  • Senior Community YN: No Special Conditions
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Gas Meters: 1
  • Number of Separate Water Meters: 1
  • Gas Expense Description: See Remarks
  • Insurance Expense Description: See Remarks
  • Water Sewer Expense Description: See Remarks
  • Other Income Description: Estimated
  • Income: 12590.0
  • Number of Refrigerators: 16
  • Unit Information Number Of Stoves: 16
  • Special Features: None

Interior Features

  • Basement: Full, Unfinished
  • Full Bathrooms: 16
  • Total Bedrooms: 19
  • Living Area: 10809.0
  • Owner Pays: Trash Collection, Management, Snow Removal, Grounds Care, Heat
  • Full Basement: Yes
  • Attic Features:Hatch: Yes
  • Basement:Unfinished: Yes
  • Unit 1 Owner Furnish Features:Maintenance Grounds2: Yes
  • Unit 1 Owner Furnish Features:Sewer3: Yes
  • Unit 1 Owner Furnish Features:Snow Removal4: Yes
  • Unit 1 Owner Furnish Features:Water4: Yes
  • Unit 2 Owner Furnish Features:Maintenance Grounds3: Yes
  • Unit 2 Owner Furnish Features:Sewer4: Yes
  • Unit 2 Owner Furnish Features:Snow Removal5: Yes
  • Unit 2 Owner Furnish Features:Water5: Yes
  • Unit 2 Owner Furnish Features:Heat4: Yes
  • Unit 2 Owner Furnish Features:Hot Water5: Yes
  • Unit 1 Owner Furnish Features:Heat3: Yes
  • Unit 1 Owner Furnish Features:Hot Water4: Yes
  • Unit 3 Owner Furnish Features:Heat5: Yes
  • Unit 3 Owner Furnish Features:Hot Water6: Yes
  • Unit 4 Owner Furnish Features:Heat6: Yes
  • Unit 4 Owner Furnish Features:Hot Water7: Yes
  • Unit 5 Owner Furnish Features:Heat7: Yes
  • Unit 5 Owner Furnish Features:Hot Water8: Yes
  • Unit 1 Owner Furnish Features:Trash2: Yes
  • Unit 2 Owner Furnish Features:Trash3: Yes
  • Unit 3 Owner Furnish Features:Sewer5: Yes
  • Unit 3 Owner Furnish Features:Snow Removal6: Yes
  • Unit 3 Owner Furnish Features:Trash4: Yes
  • Unit 3 Owner Furnish Features:Water6: Yes
  • Unit 4 Owner Furnish Features:Sewer6: Yes
  • Unit 4 Owner Furnish Features:Snow Removal7: Yes
  • Unit 4 Owner Furnish Features:Trash5: Yes
  • Unit 4 Owner Furnish Features:Water7: Yes
  • Unit 5 Owner Furnish Features:Sewer7: Yes
  • Unit 5 Owner Furnish Features:Snow Removal8: Yes
  • Unit 5 Owner Furnish Features:Trash6: Yes
  • Unit 5 Owner Furnish Features:Water8: Yes
  • Unit 1 Owner Furnish Features:Management3: Yes
  • Unit 2 Owner Furnish Features:Management4: Yes
  • Unit 3 Owner Furnish Features:Maintenance Grounds4: Yes
  • Unit 3 Owner Furnish Features:Management5: Yes
  • Unit 4 Owner Furnish Features:Maintenance Grounds5: Yes
  • Unit 4 Owner Furnish Features:Management6: Yes
  • Unit 5 Owner Furnish Features:Maintenance Grounds6: Yes
  • Unit 5 Owner Furnish Features:Management7: Yes
  • Unit 6 Owner Furnish Features:Maintenance Grounds9: Yes
  • Unit 6 Owner Furnish Features:Management10: Yes
  • Unit 6 Owner Furnish Features:Sewer10: Yes
  • Unit 6 Owner Furnish Features:Snow Removal11: Yes
  • Unit 6 Owner Furnish Features:Trash9: Yes
  • Unit 6 Owner Furnish Features:Water11: Yes
  • Unit 7 Owner Furnish Features:Maintenance Grounds7: Yes
  • Unit 7 Owner Furnish Features:Snow Removal9: Yes
  • Unit 8 Owner Furnish Features:Maintenance Grounds8: Yes
  • Unit 8 Owner Furnish Features:Snow Removal10: Yes
  • Unit 6 Owner Furnish Features:Heat10: Yes
  • Unit 6 Owner Furnish Features:Hot Water11: Yes
  • Unit 7 Owner Furnish Features:Sewer8: Yes
  • Unit 7 Owner Furnish Features:Trash7: Yes
  • Unit 7 Owner Furnish Features:Water9: Yes
  • Unit 8 Owner Furnish Features:Sewer9: Yes
  • Unit 8 Owner Furnish Features:Trash8: Yes
  • Unit 8 Owner Furnish Features:Water10: Yes
  • Unit 7 Owner Furnish Features:Heat8: Yes
  • Unit 7 Owner Furnish Features:Hot Water9: Yes
  • Unit 8 Owner Furnish Features:Heat9: Yes
  • Unit 8 Owner Furnish Features:Hot Water10: Yes
  • Unit 7 Owner Furnish Features:Management8: Yes

Exterior Features

  • Roof: Rubber
  • Construction Type: Brick
  • Waterfront: No
  • Construction Materials:Brick: Yes

Garage/Parking

  • Open Parking: No
  • Property Detail:Parking YN: No

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Forced Air, Natural Gas
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas2: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: Yes

Association/Amenities

  • Parcel Tax HOA:Association YN: No

Fee Information

  • Annual Fuel Expense: 675.0

Schools

  • Junior High Dist: Schenectady

Lot Info

  • Parcel #: 421500 39.75-1-23
  • Lot Size Sq Ft: 8276.4
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Hot Water, Internet, Cable TV, Electricity, Gas

Multi Family

  • Insurance Expense: 250.0
  • Number Of Units Total: 16

Tax Info

  • Tax Annual Amount: 17349.0
  • Tax Block: 1
  • Tax Lot: 23

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2022 06/30/22 Sold $1,100,000 -4.3% $102 / Sq Ft
02/10/2022 02/10/22 Pending -- -- --
11/04/2021 11/04/21 For Sale $1,150,000 0.0% $106 / Sq Ft
11/16/2018 11/16/18 Rented $780 +4.0% --
11/11/2018 11/11/18 For Rent $750 +11.1% --
04/15/2017 04/15/17 Rented $675 -12.9% --
03/29/2017 03/29/17 For Rent $775 +21.1% --
11/15/2016 11/15/16 Rented $640 0.0% --
10/06/2016 10/06/16 Price Changed $640 -14.7% --
10/02/2016 10/02/16 For Rent $750 +7.1% --
08/22/2016 08/22/16 Rented $700 0.0% --
08/19/2016 08/19/16 For Rent $700 -6.7% --
08/03/2016 08/03/16 Rented $750 0.0% --
07/21/2016 07/21/16 For Rent $750 +36.4% --
06/24/2016 06/24/16 Rented $550 0.0% --
06/24/2016 06/24/16 Price Changed $550 -7.6% --
06/15/2016 06/15/16 For Rent $595 -20.7% --
05/22/2016 05/22/16 Rented $750 +11.1% --
05/20/2016 05/20/16 For Rent $675 0.0% --
05/07/2016 05/07/16 Rented $675 0.0% --
04/29/2016 04/29/16 For Rent $675 0.0% --
04/25/2016 04/25/16 Off Market $675 -- --
03/18/2016 03/18/16 For Rent $675 0.0% --
01/28/2016 01/28/16 Off Market $675 -- --
01/25/2016 01/25/16 For Rent $675 -- --
Source: Global MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Joel Koval

    Seller's Agent in 2022

    Joel Koval

    Howard Hanna Capital Inc

    (518) 371-2624

    139 Total Sales

    Joel Koval
    Section Image
  • Ramiz Turan

    Buyer's Agent in 2022

    Ramiz Turan

    KW Platform

    (518) 209-6447

    183 Total Sales

    Ramiz Turan
    Section Image
  • Angela Gonyo

    Seller's Agent in 2018

    Angela Gonyo

    Wolf River Real Estate, LLC

    (518) 390-7059

    139 Total Sales

    Angela Gonyo
    Section Image

  • Q

    Buyer Co-Listing Agent in 2018

    Queyanna Luciano

    Wolf River Real Estate, LLC

See All Agents

Map

Source: Global MLS

MLS Number: 202131945

Global MLS
New York Schenectady County Schenectady 12308

1011 Union St, Schenectady, NY

Not Listed for Sale

MultiFamily

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