84 Ferry StTroy, NY 12180

Property Details for 84 Ferry St

Year built

1980

Lot size

0.07 AC

Property size (Sq ft)

2,320 SF

Zone code

B4

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

381700 101.61-11-4

APU

38170010161114

Description

This exceptional single-tenant property at 84 Ferry Street in Troy, Rensselaer County offers 2,320 square feet of versatile space, with 1,650 square feet currently vacant. The building boasts a recently renovated interior, perfect for retail or office use. Features include a 10-foot ceiling height, large open space ideal for display, two enclosed private offices, a private bathroom, and ample basement storage. Access is convenient via both front and side entrances, complemented by attractive window display opportunities. Two dedicated parking spaces are located behind the building, providing convenient parking for occupants and clients. The property is zoned Downtown Mixed Use (DMU), offering flexibility for a variety of businesses. Its strategic location on Ferry Street, near Church Street, benefits from exceptional visibility and high traffic volume, with a daily count of 13,856 vehicles. This presents a unique opportunity for a business seeking a prominent location with excellent accessibility and ample space. The building's modern updates and convenient amenities make it an attractive option for a variety of commercial uses.

• CAP approach

  CAP return

  Valuation

  6%

  $576,324

  6.5%

  $531,991

  7%

  $493,992

• Comparable approach

  Method

  Valuation

  Relative Method

  $305,169

  Geo Method

  $303,131

• Alternative Use

  Use

  Valuation

  Residential

  $659,669

  Hospitality

  $604,254

  Educational

  $502,732

  Medical

  $520,022

  Retail

  $782,027

Location Insight

City

Troy

County

Rensselaer

State

New York

Latitude

42.7274

Longitude

-73.6904

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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