2920 5th Avenue, Troy, NY 12180, Troy

$ 4,250,000

Overview

  • Updated On:
  • July 14, 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: $ 4,250,000
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

$ 21,790.59
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 16,478.09

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Colin McDonald

Broker Owner

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