Overview
Description
Rare opportunity to own nearly half block of meticulously maintained 12 units apartment.See the high end apartments with exquisite wood work, finishes, fixtures & exposed brick walls. The buildings are surrounded by gardens and open space, on the corner across from Stewart’s and CVS, cross the 112th street bridge to Cohoes. Minutes to Downtown Troy, 787 and Rt 7. Many long term tenants provide steady income. Current cap rate 6.9% with a high market cap rate of 8.7%.
Address: 462-470 2nd Avenue, Troy, NY 12182
City: Troy
State/County: Rensselaer
Zip: 12182
Country: United States
Property Id: 508084
Price: $ 2,400,000
Property Size: 7,885 ft2
Property Lot Size: 0 ft2
Bedrooms: 18
Bathrooms: 13.5
Listing Agent Email: josephcardinale@howardhanna.com
Listing Agent: Joseph P Cardinale
Listing Agent Phone: 518-755-2064
Listing Office: Howard Hanna Capital Inc
Other Features
Cathedral Ceiling(s)
Garden
Has Cooling System
Has Heating System
Open Parking
Vaulted Ceiling(s)
$ 12,305.27
per month
- Principal and Interest
- Property Tax
- HOA fee
$ 9,305.27
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