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About the Listing o1813A - 34097,21757
Rare opportunity to acquire The Market Block, an iconic +/-49,965 SF, three-story mixed-use landmark in the heart of historic Downtown Troy. Offered at $3,890,000 ($77.85 PSF) with a 6.0% capitalization rate on in-place income. This 100% occupied retail/office property features a diverse tenant mix including Warner Bros., Velan Studios, Stacks Espresso and other established businesses. Flexible lease terms offer significant owner-user potential, while below-market rents provide investors with upside opportunity. Prominent corner location steps from Monument Square, River Street and the Hudson River waterfront. Excellent walkability, strong pedestrian activity, nearby public parking and convenient access to I-787, RPI and Russell Sage College. Downtown Mixed Use (DMU) zoning.
Listing Highlights for 1 3rd St
Interior Details
- Appliances:
- Air Cond: Central Air
- Heating: Forced Air,Natural Gas
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water: Public
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 0
- Lot Dimensions: 162' x 122'
- Zoning: Commercial
- Roof: Rubber
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $79,408
- Taxes w/Assessments: N/A
- Tax/Property ID: 381700 101.45-9-1
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Listing Location
Questions About..
1 3rd St Troy, NY 12180
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