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2303 15th St 1,204 SF Retail Building Troy, NY 12180 $359,750 ($298.80/SF) 9.73% Cap Rate
Investment Highlights
- Currently has tenants. Signed leases end in April 2026.
Executive Summary
Great RPI student rental property with additional retail space and 5 garages. The net operating income as ofApril 2026 will be between $33,000 to $35,000 per year. Property is
in excellent condition, with H.W. floors throughout. Kitchen totally updated with new appliances. Off street parking, a great investment property. Contact the listing agent for details and showings.
in excellent condition, with H.W. floors throughout. Kitchen totally updated with new appliances. Off street parking, a great investment property. Contact the listing agent for details and showings.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
1,204 SF
Building Class
B
Year Built/Renovated
1900/2010
Price
$359,750
Price Per SF
$298.80
Cap Rate
9.73%
NOI
$35,000
Tenancy
Single
Building Height
2 Stories
Building FAR
0.25
Lot Size
0.11 AC
Zoning
CON
Parking
2 Spaces (1.66 Spaces per 1,000 SF Leased)
Frontage
15’ on 15th St
Amenities
- Bus Line
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Sue's Cut & Style
- Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Sue's Cut & Style | Services | - | - | - |
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1700-101.40-1-6 | Improvements Assessment | $100,000 |
| Land Assessment | $11,000 | Total Assessment | $111,000 |
Property Taxes
Parcel Number
1700-101.40-1-6
Land Assessment
$11,000
Improvements Assessment
$100,000
Total Assessment
$111,000
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2303 15th St
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