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2920 5th Avenue

Troy NY 12180

30
25519 sq. ft.
27007.2 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

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.

Features

30 carspaces
25519 sq. ft. floor area
27007.2 sq. ft. lot size
Multi-Family

Happy sellers in Troy

87%
87% of sellers in Troy reported that their sale price either exceeded or met their price expectations.

Troy stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Troy over the last 12 months.

Local market activity for multi families in Troy

In the last 12 months, 8 multi families similar to 2920 5th Avenue, have been sold.

This represents a 53% increase in multi families sales when compared to the previous 12 months.

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