5 1St StTroy, NY 12180

Property Details for 5 1St St

Year built

1890

Lot size

0.12 AC

Property size (Sq ft)

26,313 SF

Zone code

B4

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

381700 100.60-2-1

APU

3817001006021

Description

This exceptional five-story, 18,000-square-foot building at 5 1st Street in Troy, NY, offers multiple leasing opportunities ideal for professional services or customer-facing businesses. Built in 1890 and listed on the National Register of Historic Places, this property boasts significant character and charm. Available spaces range from 880 to 4,067 square feet, providing flexibility for various business needs. The second floor features a bright 2,647-square-foot space with a kitchenette, three private offices, a conference room, and approximately 1,000 square feet of open space. An additional approximately 1,000 square feet of office space on the second floor is also available for lease separately, allowing for expansion. The fourth floor offers a spacious 3,863-square-foot office space, including eight private offices, a conference room, a kitchenette, and over 1,000 square feet of open space. All office spaces feature large windows, abundant natural light, excellent street visibility on 1st Street, and stunning views. The building includes 25 parking spaces and an elevator. Basement storage is included with the lease. The property is conveniently located next to Slidin' Dirty restaurant and is zoned B-4. This is a rare opportunity to lease space in a landmark building in a vibrant Troy location. The 12-foot ceilings add to the spacious feel. The lot size is 5,227 square feet. Currently, 11,577 square feet is vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $6,536,557

  6.5%

  $6,033,745

  7%

  $5,602,763

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,461,166

  Geo Method

  $3,438,056

• Alternative Use

  Use

  Valuation

  Residential

  $7,481,844

  Hospitality

  $6,853,328

  Educational

  $5,701,889

  Medical

  $5,897,986

  Retail

  $8,869,605

Location Insight

City

Troy

County

Rensselaer

State

New York

Latitude

42.731

Longitude

-73.6931

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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