720 Hoosick RdTroy, NY 12180

  • Strip malls
  • 34,000 SF

Property Details for 720 Hoosick Rd

Year built
2005
Lot size
0.01 AC
Property size (Sq ft)
34,000 SF
Property type
Strip malls
Property subtype
Neighborhood centers
APN
382200 91.-6-3.1/3
APU
382200916313

Description

Brunswick Plaza, located at 720 Hoosick Rd, Troy, NY 12180, presents a compelling investment opportunity in a thriving retail environment. This single-story, 92,478 square foot strip center, built in 1997, boasts 12 suites and sits on a 15.53-acre lot. Currently, there are 20,528 square feet of vacant space available, divisible into units ranging from a minimum of 650 square feet to a maximum contiguous space of 7,686 square feet. The property enjoys exceptional visibility on Hoosick Road, with over 25,000 vehicles passing daily, ensuring high exposure for tenants. Strong co-tenancy is provided by established businesses including Market 32, Pet Supplies Plus, Dollar Tree, and Goodwill, creating a synergistic and attractive retail environment. Its convenient location offers easy access from Interstates 87 and 787, enhancing accessibility for both customers and employees. This property is ideal for a variety of retail uses and presents a rare opportunity to secure space in a well-established and high-traffic retail center.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $12,415,807
    6.5%
    $11,460,745
    7%
    $10,642,120
  • Comparable approach

    Method
    Valuation
    Relative Method
    $11,270,198
    Geo Method
    $11,194,949
  • Alternative Use

    Use
    Valuation
    Residential
    $9,667,567
    Hospitality
    $8,855,439
    Educational
    $7,367,622
    Medical
    $7,621,006
    Retail
    $11,460,745

Location Insight

City
Troy
County
Rensselaer
State
New York
Latitude
42.7436
Longitude
-73.6447
CBSA code
10580
CBSA name
ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$85,400
$804,600
$890,000
-
$443,636
$4,179,741
$4,623,377

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