2920 5th Avenue, Troy, NY 12180, Troy

$ 4,149,000

Overview

  • Updated On:
  • October 1, 2026
  • 25,519 ft2
  • Property Size

Description

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.

Address: 2920 5th Avenue, Troy, NY 12180
City:
State/County:
Zip: 12180
Country: United States

Property Id: 720464
Price: $ 4,149,000
Property Size: 25,519 ft2
Property Lot Size: 1 ft2
Listing Agent Email: ryan@realtyonegroupkey.com
Listing Agent: Ryan Mortka
Listing Agent Phone: 518-534-3714
Listing Office: Realty One Group Key

Other Features
Built-in Features
Has Cooling System
Has Heating System
High Speed Internet
Open Parking
Other

$ 21,272.74
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 16,086.49

Sat 17 Oct
Sun 18 Oct
Mon 19 Oct
Tue 20 Oct
Wed 21 Oct
Thu 22 Oct
Fri 23 Oct
Sat 24 Oct
Sun 25 Oct
Mon 26 Oct
In Person
Video Chat

Similar Listings

$ 353,750

2303-2305 15th Street, Troy, NY 12180, Troy

4 BD
1.5 BA
1,204 ft2
$ 429,000

65 13th Street, Troy, NY 12180, Troy

10 BD
3 BA
2,836 ft2

Colin McDonald

Broker Owner

Contact Me

Schedule a tour

Sat 17 Oct
Sun 18 Oct
Mon 19 Oct
Tue 20 Oct
Wed 21 Oct
Thu 22 Oct
Fri 23 Oct
Sat 24 Oct
Sun 25 Oct
Mon 26 Oct
In Person
Video Chat
Your information

Compare Listings

Colin McDonald