NOT LISTED FOR SALE

245 Broadway Schenectady, NY 12305

Downtown Schenectady Neighborhood

Estimated Value: $3,607,690

-- Bed
-- Bath
24,900 Sq Ft
$145/Sq Ft Est. Value

Last Sold October 07, 2021

Last sale price $2,700,000 $108 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $19,057/month

38 Days on Market

Highlights

  • Active Adult
  • No HOA
  • Landscaped
  • Granite Flooring
  • Garden
  • Forced Air Heating and Cooling System

About This Home

As of October 2021

Looking to invest? This 22 unit mixed-use building has 18 apartments, 4 retail spaces, 27 private/gated parking spots and is in an ideal location next to Proctors theater in Downtown Schenectady. Tons of Foot Traffic- Building is fully occupied. Schenectady is BOOMING- Let your investment BOOM too! Superior Condition

Last Agent to Sell the Property

Philip Wagner

Oxford Property Group USA Listed on: 01/28/2021

Co-Listed By

Leanna Pace

Find Advisors License #10301221213

Last Buyer's Agent

Kimberly Weir

HS Capital Realty LLC License #10401323688

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,500

Year Built

  • Built in 2013

Lot Details

  • Lot Dimensions are 141x80.8
  • Property fronts a private road
  • Landscaped
  • Level Lot
  • Garden

Home Design

  • 24,900 Sq Ft Home
  • Garden Home
  • Garden Apartment
  • Brick Exterior Construction
  • Slab Foundation
  • Rubber Roof
  • Block Exterior
  • Vinyl Siding

Flooring

  • Carpet
  • Laminate
  • Granite
  • Ceramic Tile
  • Vinyl

Parking

  • 27 Parking Spaces
  • Driveway
  • Paved Parking
  • Off-Street Parking

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • Active Adult
  • No Home Owners Association
  • 22 Units

Listing and Financial Details

  • Tenant pays for hot water, heat, central air, electricity, gas
  • The owner pays for trash collection, snow removal, cable TV, internet
  • Legal Lot and Block 47 / 3
  • Assessor Parcel Number 421500 39.80-3-47

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,500

Year Built

Built in 2013

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: Multi Family
  • Year Built: 2013
  • Directions: Coming South on State Street in Downtown Schenectady, Turn left onto Broadway, Building on corner of Hamilton and Broadway on Left.
  • Above Grade Finished Sq Ft: 24900.0
  • Architectural Style: Low Rise, Apartment 4 Plus Unit, Garden Style, Other, See Remarks
  • Financial Details General Taxes: 10900.0
  • General Taxes Description: Actual
  • Financial Details School Taxes: 11600.0
  • School Taxes Description: Actual
  • Lot Size: 141X80.8
  • Parking Features Parking Total: 27.0
  • Sale Detail Seller Contribution: No
  • Senior Community YN: No Special Conditions
  • Co List Office Mls Id: o3132A
  • Co List Office Phone: 518-309-4455
  • Flooring:Carpet: Yes
  • Flooring:Laminate: Yes
  • Cooling:Central Air: Yes
  • Flooring:Ceramic Tile: Yes
  • Foundation Details:Slab: Yes
  • Flooring:Vinyl: Yes
  • Architectural Style:Low Rise: Yes
  • Architectural Style:Garden Style: Yes
  • Special Features: None

Interior Features

  • Flooring: Vinyl, Tile, Carpet, Ceramic Tile, Granite, Laminate
  • Basement: Slab
  • Living Area: 24900.0
  • Owner Pays: Trash Collection, Snow Removal, Cable TV, Internet
  • Basement:Slab2: Yes
  • Attic Features:None16: Yes

Exterior Features

  • Roof: Rubber
  • Construction Type: Block, Brick, Vinyl Siding
  • Foundation Details: Slab
  • Waterfront Features: None
  • Waterfront: No
  • Construction Materials:Vinyl Siding: Yes
  • Waterfront Features:None19: Yes
  • Lot Features:Landscaped: Yes
  • Lot Features:Level: Yes
  • Construction Materials:Brick: Yes
  • Lot Features:Road Frontage: Yes
  • Lot Features:Garden2: Yes
  • Construction Materials:Block: Yes

Garage/Parking

  • Parking Features: Off Street, Paved, None, Driveway
  • Attached Garage: No
  • Total Parking Spaces: 27.0
  • Parking Features:Off Street: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:Paved: Yes
  • Parking Features:None11: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Water Source: Public
  • Cooling Y N: Yes
  • 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

Schools

  • Junior High Dist: Schenectady

Lot Info

  • Land Lease: No
  • Lot Features: Level, Landscaped, Road Frontage, Garden
  • Parcel #: 421500 39.80-3-47

Rental Info

  • Tenant Pays: Hot Water, Heat, Central Air, Electricity, Gas

Tax Info

  • Tax Annual Amount: 22500.0
  • Tax Block: 3
  • Tax Lot: 47

Multi Family

  • Number Of Units Total: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2021
Closed on
Oct 7, 2021
Sold by
245 Broadway Llc
Bought by
245 Broadway Schenectady Llc
Seller's Agent
Philip Wagner
Oxford Property Group USA
Buyer's Agent
Kimberly Weir
HS Capital Realty LLC
List Price
$2,999,900
Sold Price
$2,700,000
Premium/Discount to List
-$299,900
-10%
Current Estimated Value
$3,607,690

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$907,690
Avg. Annual Appreciation
7.40%
Original Mortgage
$288,487
Outstanding Balance
$263,073
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$3,344,617

Purchase Details

Closed on
Mar 20, 2013
Sold by
Schenectady Metroplex Development Author
Bought by
245 Broadway Llc
Source: Public Records

Range of Values:

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Average Value
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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

Purchase History

Date Buyer Sale Price Title Company
245 Broadway Schenectady Llc -- Fidelity National Title
245 Broadway Llc $97,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 245 Broadway Schenectady Llc $288,487
Closed 245 Broadway Llc $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/07/2021 10/07/21 Sold $2,700,000 -6.9% $108 / Sq Ft
03/05/2021 03/05/21 Pending -- -- --
02/23/2021 02/23/21 Price Changed $2,899,900 -3.3% $116 / Sq Ft
01/26/2021 01/26/21 For Sale $2,999,900 -- $120 / Sq Ft
Source: Global MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,076 $2,400,800 $28,472 $2,372,328
2023 $150 $2,400,800 $28,472 $2,372,328
2022 $150 $2,400,800 $28,472 $2,372,328
2021 $150 $2,400,800 $28,472 $2,372,328
2020 $249 $2,400,800 $28,472 $2,372,328
2019 $249 $2,400,800 $28,472 $2,372,328
2018 $249 $2,400,800 $28,472 $2,372,328
2017 $0 $2,400,800 $28,472 $2,372,328
2016 $1,206 $2,400,800 $28,472 $2,372,328
2015 -- $2,400,800 $28,472 $2,372,328
2014 -- $2,400,800 $28,472 $2,372,328
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2021

    Philip Wagner

    Oxford Property Group USA

  • L

    Seller Co-Listing Agent in 2021

    Leanna Pace

    Find Advisors

    (212) 300-6412

    3 in this area

    88 Total Sales

    Leanna Pace
    Section Image

  • K

    Buyer's Agent in 2021

    Kimberly Weir

    HS Capital Realty LLC

    (518) 545-7087

    1 in this area

    3 Total Sales

    Kimberly Weir
    Section Image
See All Agents

Map

Source: Global MLS

MLS Number: 202111389

Global MLS

APN: 039-080-0003-047-000-0000

New York Schenectady County Schenectady 12305 Downtown Schenectady

245 Broadway, Schenectady, NY

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