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2920 5th Avenue

Troy, NY 12180

Active

$4,250,000

Listing by:
Ryan Mortka
Realty One Group Key
518-534-3714

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.

$4,250,000
0.0
Bedroom
0
Bathroom
25,519
Sq. Ft.
$ 167
$/Sq. Ft.
0.62
Acres
Year Built:
1920
County:
Rensselaer
School District:
Troy
Acres:
0.62
Listing Agent:
Ryan Mortka
Listing Office:
Realty One Group Key
CONTACT A
BUYER'S AGENT

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Features

Square Feet: 25,519
Town: Troy
Bedrooms: 0
Full Bathrooms: 0
Estimated Taxes: $16,762
Water: Public
Sewer: Public Sewer
Heat: Baseboard, Electric, Heat Pump, Other
Garage: 0
Property Style: Apartment 4 Plus Unit
Exterior: Block, Brick
Cooling: Wall Unit(s), Other
Parking Spaces: 30

Location



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