REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Listed by Ryan Mortka • Realty One Group Key

$ 4,149,000

Est. payment -/mo

Save Virtual Tour

Active

2920 5th Avenue Troy, NY 12180

25,519 SqFt

UPDATED:

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 $162

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

Virtual Tour https://app.doaudiotours.com/unbranded?id=26092&lang=en-US

Empire Real Estate Firm LLC

Broker

+1(518) 662-7653 | admin@empirerealestatefirm.com

GET MORE INFORMATION

Name

Phone*

Email*

Message

By checking this box, I agree to the Electronic Disclosure Consent Agreement be contacted by Empire Real Estate Firm via
call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary.

TERMS AND CONDITIONS [Terms of Service]

1. We use SMS to confirm appointments, send reminders, and notify clients of schedule updates or important changes. 2. You can cancel the SMS service at any time. Just text "STOP". After you send the SMS message "STOP" to us, we will send you an SMS message to confirm that you have been unsubscribed.
After this, you will no longer receive SMS messages from us. If you want to join again, just sign up as you did the first time, and we
will start sending SMS messages to you again. 3. If you are experiencing issues with the messaging program, you can reply with the keyword “HELP” for more assistance, or you can get help directly at admin@empirerealestatefirm.com. 4. Carriers are not liable for delayed or undelivered messages. 5. As always, message and data rates may apply for any messages sent to you from us and to us from you. Message frequency may vary. If you have any questions about your text plan or data plan, it is best to contact your wireless provider. 6. If you have any questions regarding privacy, please read our privacy policy:
Privacy Policy