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2303 15th St 1,804 SF Retail Building Troy, NY 12180 $353,750 ($196.09/SF) 10.60% 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 is $37,482. 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.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$44,800
|
$37.21
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$44,800
|
$37.21
|
| Taxes |
$6,118
|
$5.08
|
| Operating Expenses |
$1,200
|
$1.00
|
| Total Expenses |
$7,318
|
$6.08
|
| Net Operating Income |
$37,482
|
$31.13
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $44,800 |
| Annual Per SF | $37.21 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $44,800 |
| Annual Per SF | $37.21 |
| Taxes | |
|---|---|
| Annual | $6,118 |
| Annual Per SF | $5.08 |
| Operating Expenses | |
|---|---|
| Annual | $1,200 |
| Annual Per SF | $1.00 |
| Total Expenses | |
|---|---|
| Annual | $7,318 |
| Annual Per SF | $6.08 |
| Net Operating Income | |
|---|---|
| Annual | $37,482 |
| Annual Per SF | $31.13 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
1,804 SF
Building Class
B
Year Built/Renovated
1900/2010
Price
$353,750
Price Per SF
$196.09
Cap Rate
10.60%
NOI
$37,482
Tenancy
Single
Building Height
2 Stories
Building FAR
0.38
Lot Size
0.11 AC
Zoning
CON
Parking
2 Spaces (1.11 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 | Total Assessment | $111,000 (2024) |
| Land Assessment | $11,000 (2024) | Annual Taxes | $6,118 ($3.39/SF) |
| Improvements Assessment | $100,000 (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
1700-101.40-1-6
Land Assessment
$11,000 (2024)
Improvements Assessment
$100,000 (2024)
Total Assessment
$111,000 (2024)
Annual Taxes
$6,118 ($3.39/SF)
Tax Year
2025
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2303 15th St
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