433 River StTroy, NY 12180

Property Details for 433 River St

Year built

1960

Lot size

2.94 AC

Property size (Sq ft)

353,510 SF

Zone code

HWD

Property type

Office buildings

APN

381700 101.29-1-1./1

APU

38170010129111

Description

433 River Street presents a unique opportunity in Troy's vibrant Waterfront District. This nine-story, 284,000 square foot traditional office building, constructed in 1917 and extensively renovated in 2020, offers stunning Hudson River and downtown views. Currently, 32,386 square feet of office space is available for lease in a multi-tenant environment. The building boasts ample parking with over 1500 spaces, catering to employees and visitors alike. Building amenities include an on-site cafe, collaborative coworking spaces, and dedicated meeting rooms, enhancing productivity and fostering a dynamic work environment. Its convenient location provides easy access to the Riverwalk, connecting tenants to local dining and entertainment options. The property is zoned Commercial - Business, ensuring flexibility for a variety of office uses. This exceptional property combines historical charm with modern upgrades, making it an ideal location for businesses seeking a prestigious and well-equipped office space in a thriving waterfront setting. The building features elevators for convenient access to all floors.

• CAP approach

  CAP return

  Valuation

  6%

  $87,817,360

  6.5%

  $81,062,184

  7%

  $75,272,024

• Comparable approach

  Method

  Valuation

  Relative Method

  $46,500,088

  Geo Method

  $46,189,616

• Alternative Use

  Use

  Valuation

  Residential

  $100,517,104

  Hospitality

  $92,073,128

  Educational

  $76,603,760

  Medical

  $79,238,280

  Retail

  $119,161,408

Location Insight

City

Troy

County

Rensselaer

State

New York

Latitude

42.7372

Longitude

-73.6874

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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