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150 4th St 14 Unit Apartment Building $2,200,000 ($157,143/Unit) 6.67% Cap Rate Troy, NY 12180
Investment Highlights
- Located in the heart of Downtown Troy
- Steps from a primary CDTA bus line
- Directly adjacent to Vicina Urban Flats by Rosenblum Companies, a Class A development
- Strong visibility and street presence
- The tenant demand story is well-anchored (Russell Sage College and Rensselaer Polytechnic Institute —one of the nation's top engineering universities)
- Walkable to neighborhood anchors including The Ruck and Manory's
Executive Summary
The 9,142 square foot, 4-story multifamily building is available for sale at $2.2 million. The property features 2 studio apartments, 12 1bed/1 bath units and 2 retail units on the first floor.
Property Facts
Amenities
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | - |
| Studios | 2 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Exceptional public transit
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 1700-101.61-7-20 | Improvements Assessment | $331,000 |
| Land Assessment | $19,000 | Total Assessment | $350,000 |
Property Taxes
Parcel Number
1700-101.61-7-20
Land Assessment
$19,000
Improvements Assessment
$331,000
Total Assessment
$350,000
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150 4th St
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