Share this with your friends
+15185778223
KL Real Estate Services LLC
1 3rd Street, Troy, NY 12180
- $3,890,000
- 49,965
- SqFt
- List Price
- $3,890,000
- MLS#
- 202628189
Property Description
Rare opportunity to acquire The Market Block, an iconic +/-49,965 SF, three-story mixed-use landmark in the heart of historic Downtown Troy. Offered at $3,890,000 ($77.85 PSF) with a 6.0% capitalization rate on in-place income. This 100% occupied retail/office property features a diverse tenant mix including Warner Bros., Velan Studios, Stacks Espresso and other established businesses. Flexible lease terms offer significant owner-user potential, while below-market rents provide investors with upside opportunity. Prominent corner location steps from Monument Square, River Street and the Hudson River waterfront. Excellent walkability, strong pedestrian activity, nearby public parking and convenient access to I-787, RPI and Russell Sage College. Downtown Mixed Use (DMU) zoning.
Additional Information
- Taxes
- $79,408
- Zoning
- Commercial
- Sewer
- Public Sewer
- Water
- Public
Mortgage Calculator
Listing courtesy of listing agent Kyle J Bradley with Carrow Real Estate Services LLC Brokerage, 845-325-1568.
©2019 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. Data last updated