2920 5th Avenue, Troy, NY 12180
2920 5th Avenue, Troy, NY 12180
2920 5th Avenue, Troy, NY 12180
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Listed by Ryan Mortka • Realty One Group Key
$4,250,000
Est. payment /mo
25,519 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 25,519 sqft

Price per Sqft $166

MLS Listing ID 202621635

HOA Y/N No

Year Built 1920

Annual Tax Amount $16,762

Lot Size 0.620 Acres

Acres 0.62

Lot Dimensions 123X180

Property Sub-Type Multi Family

Source Global MLS

Property Description

Exceptional opportunity to acquire School One Lofts, a fully occupied 29-unit multifamily asset featuring approximately $3.1 million of assumable Fannie Mae financing at 5.23% and a long-term PILOT tax agreement through 2037. Originally converted from a historic school, the property offers spacious loft-style residences with oversized windows, original hardwood flooring, granite countertops, stainless steel appliances and in-unit laundry. Residents enjoy on-site parking and ''All-In Living'' package, which combines fiber internet, cable, electricity, heating, air conditioning and hot water into one monthly payment. Proven rental history, attractive in-place cash flow and operational upside through improved management efficiencies make this a strong investment opportunity.

Location

State NY

County Rensselaer

Direction GPS - School One Lofts Troy NY

Interior

Interior Features Other, High Speed Internet, Built-in Features

Heating Baseboard, Electric, Heat Pump, Other

Exterior

Parking Features Off Street, Paved

Utilities Available Cable Available

Roof Type Other,Flat

Building

Lot Description Level

Sewer Public Sewer

Water Public

Architectural Style Apartment 4 Plus Unit

Schools

School District Troy

Others

Tax ID 381700 90.70-7-1

Special Listing Condition Standard

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Erin Steinbach

Erin Steinbach

+1(518) 222-6031

Lic. Associate R. E. Broker | License ID: 10301217507

Lic. Associate R. E. Broker License ID: 10301217507

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