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Arrow Bank 1963 Altamont Ave 2,228 SF Retail Building Schenectady, NY 12303 $995,000 ($446.59/SF) 7.54% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN - Zero Landlord Responsibilities
- Pad to Price Chopper Grocery Store with New AutoZone Built in 2020 as Out Parcel
- Recently Saratoga Bank & Trust ; Arrow Financial unified its banking subsidiaries to Arrow Bank
- Publicly Traded on Nasdaq (AROW) - Arrow Bank has 550 Employees and 38 Branches in Northeastern New York holding $4.4 Billion in Assets
- Combined Traffic Counts in Excess of 36,000 Vehicles Per Day
- Pad to Market 32 by Price Chopper Grocery Store and Brand New Auto Zone Built Nearby
EXECUTIVE SUMMARY
Absolute NNN - Zero Landlord Responsibilities
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
2,228 SF
Building Class
C
Year Built
1980
Price
$995,000
Price Per SF
$446.59
Cap Rate
7.54%
NOI
$75,000
Tenancy
Single
Building Height
2 Stories
Building FAR
0.10
Lot Size
0.49 AC
Zoning
B-2
Parking
15 Spaces (6.73 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 059-009-0002-012-001-0000 | Improvements Assessment | $210,400 |
| Land Assessment | $139,600 | Total Assessment | $350,000 |
PROPERTY TAXES
Parcel Number
059-009-0002-012-001-0000
Land Assessment
$139,600
Improvements Assessment
$210,400
Total Assessment
$350,000
CONTACTS
-
Deno Bistolarides -
Danny Samona -
Noah Dalaly -
Encore Real Estate Investment Services
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Arrow Bank | 1963 Altamont Ave
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