500 Federal StTroy, NY 12180

Property Details for 500 Federal St

Year built

1987

Lot size

1.02 AC

Property size (Sq ft)

63,212 SF

Zone code

B4

Property type

Office buildings

APN

381700 101.45-2-1.1

APU

38170010145211

Description

This exceptional office space in Troy, NY, offers a prime location just across the Green Island Bridge in the heart of the city. The available space totals 9,640 square feet, with the potential for larger configurations up to approximately 30,000 square feet within the larger 56,033 square foot building. This multi-tenant building is currently undergoing significant upgrades under new ownership, promising a modern and improved workspace. The property is zoned DMU, making it suitable for a variety of medical and traditional office uses. The flexible layout allows for customization to meet diverse business needs, accommodating various configurations to suit specific requirements. This is an excellent opportunity to secure high-quality office space in a thriving downtown location, benefiting from easy access and high visibility. The minimum divisible space is 9,640 square feet, providing ample room for expansion or consolidation. This presents a unique chance to establish a presence in a revitalized area with significant potential for growth. Interested parties should inquire about lease terms and available configurations.

• CAP approach

  CAP return

  Valuation

  6%

  $15,702,841

  6.5%

  $14,494,930

  7%

  $13,459,578

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,314,796

  Geo Method

  $8,259,280

• Alternative Use

  Use

  Valuation

  Residential

  $17,973,712

  Hospitality

  $16,463,824

  Educational

  $13,697,709

  Medical

  $14,168,794

  Retail

  $21,307,546

Location Insight

City

Troy

County

Rensselaer

State

New York

Latitude

42.734

Longitude

-73.6879

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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