$1,275,000
SOLD APR 1, 2025
23 Beds
24.5 Baths
13,616 Sq Ft
8,276 Sq Ft Lot

Recently Sold

$94 Per Sq Ft

20% Below List Price

262 Days on Market

Highlights

  • 0.19 Acre Lot
  • Bathroom on Main Level
  • Space Heater
  • No HOA
  • Baseboard Heating

About This Home

As of April 2025

25 Unit building featuring 23 1BR apartments and two street level commercial spaces in the heart of downtown Schenectady! Prime location with great walkability and public transit options. Off st parking in rear accommodates up to 8. Coin op laundry provides additional income.

Last Agent to Sell the Property

Sam Thompson

Thompson Real Estate Team License #10491208504 Listed on: 09/05/2024

Last Buyer's Agent

Kareem Jandali

Jandali Realty License #10371200250

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,958

Year Built

  • Built in 1940

Lot Details

  • 8,276 Sq Ft Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 13,616 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 23 Bedrooms
  • Bathroom on Main Level

Parking

  • 8 Parking Spaces
  • Driveway
  • Open Parking

Schools

  • Schenectady High School

Utilities

  • Space Heater
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Electric Baseboard Heater

Community Details

  • No Home Owners Association
  • 25 Units

Listing and Financial Details

  • Legal Lot and Block 28 / 2
  • Assessor Parcel Number 421500 39.80-2-28

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,958

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: Multi Family
  • Year Built: 1940
  • Directions: Heading South on State St, Take a right turn onto Lafayette St Heading West, and a quick left onto state heading south building on right side with bus stop out front.
  • Above Grade Finished Sq Ft: 13616.0
  • Architectural Style: Apartment 4 Plus Unit
  • Lot Size Acres: 0.19
  • Parking Features Parking Total: 8.0
  • Sale Detail Seller Contribution: No
  • Special Features: None

Interior Features

  • Basement: Full
  • Full Bathrooms: 24
  • Half Bathrooms: 1
  • Total Bedrooms: 23
  • Living Area: 13616.0
  • Bathroom Levels Full Bathroom 1: 1st
  • Bathroom Levels Full Bathroom 10: 2nd
  • Bathroom Levels Full Bathroom 2: 1st
  • Bathroom Levels Full Bathroom 3: 1st
  • Bathroom Levels Full Bathroom 4: 1st
  • Bathroom Levels Full Bathroom 5: 1st
  • Bathroom Levels Full Bathroom 6: 1st
  • Bathroom Levels Full Bathroom 7: 2nd
  • Bathroom Levels Full Bathroom 8: 2nd
  • Bathroom Levels Full Bathroom 9: 2nd
  • Bathroom Levels Half Bathroom 1: 1st
  • Full Basement: Yes
  • Unit 2 Owner Furnish Features:Hot Water5: Yes
  • Unit 1 Owner Furnish Features:Hot Water4: Yes
  • Unit 3 Owner Furnish Features:Hot Water6: Yes
  • Unit 4 Owner Furnish Features:Hot Water7: Yes
  • Unit 5 Owner Furnish Features:Hot Water8: Yes
  • Unit 6 Owner Furnish Features:Hot Water11: Yes
  • Unit 7 Owner Furnish Features:Hot Water9: Yes
  • Unit 8 Owner Furnish Features:Hot Water10: Yes

Exterior Features

  • Exterior Features: None
  • Construction Type: Other, Brick
  • Waterfront: No
  • Exterior Features:None37: Yes
  • Construction Materials:Other38: Yes
  • Construction Materials:Brick: Yes

Garage/Parking

  • Parking Features: Driveway
  • Attached Garage: No
  • Open Parking: Yes
  • Total Parking Spaces: 8.0
  • Property Detail:Parking YN: Yes
  • Parking Features:Driveway: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Baseboard, Electric, Space Heater, Natural Gas
  • Water Source: Public
  • Heating Yn: Yes
  • Heating:Baseboard: Yes
  • Heating:Electric: Yes
  • Heating:Natural Gas2: Yes
  • Heating:Space Heater: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Parcel Tax HOA:Association YN: No

Schools

  • Junior High Dist: Schenectady

Lot Info

  • Parcel #: 421500 39.80-2-28
  • Lot Size Sq Ft: 8276.4
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 26958.0
  • Tax Block: 2
  • Tax Lot: 28

Multi Family

  • Number Of Units Total: 25

MLS Schools

  • HighSchool: Schenectady

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2024
Closed on
Mar 28, 2025
Sold by
Foundation Land Services Llc
Bought by
602-606 State Street Llc
Seller's Agent
Sam Thompson
Thompson Real Estate Team
Buyer's Agent
Kareem Jandali
Jandali Realty
List Price
$1,599,900
Sold Price
$1,275,000
Premium/Discount to List
-$324,900
-20.31%
Views
87
Current Estimated Value
$1,353,696

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,696
Avg. Annual Appreciation
9.21%
Original Mortgage
$1,020,000
Outstanding Balance
$989,628
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$364,068

Purchase Details

Closed on
Feb 13, 2006
Sold by
248 State St Llc
Bought by
Foundation Land Ser Llc

Purchase Details

Closed on
May 7, 2003
Sold by
Dave & Mehendra Holding C Orp
Bought by
648 State Street Llc

Purchase Details

Closed on
Oct 9, 2002
Sold by
N E Mgt Properties Llc
Bought by
Dave & Mohendra Holding Corp

Purchase Details

Closed on
Mar 26, 2001
Sold by
Barlett Michael W
Bought by
Ne Mgt Properties Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Bargain Sale Deed $1,275,000 None Listed On Document
Deed $460,000 Joseph Saffioti
Deed $412,500 Peter Reilly
Deed $359,000 Baldwin Singh
Deed -- Paul V Sciocchetti
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,020,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/01/2025 04/01/25 Sold $1,275,000 -1.9% $94 / Sq Ft
12/24/2024 12/24/24 Pending -- -- --
11/29/2024 11/29/24 Price Changed $1,299,900 -13.3% $95 / Sq Ft
10/09/2024 10/09/24 Price Changed $1,499,900 -6.3% $110 / Sq Ft
09/05/2024 09/05/24 For Sale $1,599,900 0.0% $118 / Sq Ft
05/22/2024 05/22/24 Pending -- -- --
04/05/2024 04/05/24 For Sale $1,599,900 -- $118 / 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 $26,676 $633,900 $25,400 $608,500
2023 $26,676 $633,900 $25,400 $608,500
2022 $26,676 $633,900 $25,400 $608,500
2021 $26,676 $633,900 $25,400 $608,500
2020 $27,925 $633,900 $25,400 $608,500
2019 -- $633,900 $25,400 $608,500
2018 $27,538 $633,900 $25,400 $608,500
2017 $27,538 $633,900 $25,400 $608,500
2016 $27,538 $633,900 $25,400 $608,500
2015 -- $633,900 $25,400 $608,500
2014 -- $633,900 $25,400 $608,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Global MLS

MLS Number: 202414718

Global MLS

APN: 039-080-0002-028-000-0000