$950,000
Troy, NY 12180
MLS# 202513828
Status: Closed
12 beds
1 / 62
Property Description
**Prime 8-Unit Brownstone in Downtown Troy** Located in a vibrant neighborhood near Russell Sage College, this 8-unit brownstone is a stellar investment opportunity. Situated on a triple lot with expansion potential, the property features 5 of the 8 units fully renovated/updated, stable long-term tenants, and under-market rents for increased cash flow potential. The 1st floor(basement) could be converted into an additional 9th unit, Laundry amenity provides additional cash flow. An experienced property manager, in place for 8 years, is willing to stay on for seamless operations. Perfectly, walkable area close to shops, restaurants, and schools, this property offers both immediate income and long-term growth potential.
Details
Maps
Documents
Contract Information
Original List Price: 1259000
List Price/SqFt: 152.15
Status: Closed
Property Sub Type: Multi Family
Sold Price: $950,000
Current Price: $950,000
Listing Contract Date: 2025-03-19
Location
City/Town (Mail): Troy
Street Number: 156
Street Name: 2nd
Street Suffix: Street
County: Rensselaer
State/Province: NY
Postal Code: 12180
Geo Lat: 42.725738
Geo Lon: -73.692478
Property Detail
Number Of Units Total: 8
Rooms Total: 28
Bathrooms Half: 0
Garage Spaces: 0
Above Grade Finished Area: 6566
Above Grade Finished Area Source: CRS
Parking Y/N: No
Below Grade Finished Area: 0
Below Grade Finished Area Source: Public Records
Living Area: 6566
Zoning: Commercial
Deed Restrictions: Unknown
Lot Size Dimensions: 75x125
Lot Size Acres: 0.14
Main Road Frontage: 75
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Bedrooms Total: 12
Bathrooms Full: 8
Year Built: 1920
Status Change Info
Sold Price/SqFt: 144.68
Status Change Date: 2026-01-06
Under Contract Date: 2025-09-30
Sold Date: 2025-12-17
Sold Price: $950,000
Parcel, Tax, HOA
Parcel Number: 381700 101.69-7-12
Tax Annual Amount: 17360.89
Tax Section: 101.69
Total Taxes Description: Estimated
Tax Block: 7
Tax Lot: 12.000
School District: Troy
Association Y/N: No
Directions & Remarks
Directions: Green Island Bridge, Right on River St, Left on 1st St, Left on Liberty, left on 2nd St
Public Remarks: **Prime 8-Unit Brownstone in Downtown Troy**
Located in a vibrant neighborhood near Russell Sage College, this 8-unit brownstone is a stellar investment opportunity. Situated on a triple lot with expansion potential, the property features 5 of the 8 units fully renovated/updated, stable long-term tenants, and under-market rents for increased cash flow potential. The 1st floor(basement) could be converted into an additional 9th unit, Laundry amenity provides additional cash flow. An experienced property manager, in place for 8 years, is willing to stay on for seamless operations.
Perfectly, walkable area close to shops, restaurants, and schools, this property offers both immediate income and long-term growth potential.
Sewer
Public Sewer: 1
Architectural Style
Apartment 4 Plus Unit: 1
Electric
200+ Amp Service: 1
Fencing
Fenced: 1
Financial Details
General Taxes: 17360.09
General Taxes Description: Estimated
Cooling
Window Unit(s): 1
Basement
Full: 1
Unfinished: 1
Walk-Out Access: 1
Bath Levels
Full Bath 1: 1st
Full Bath 2: 1st
Full Bath 3: 2nd
Full Bath 4: 2nd
Full Bath 5: 3rd
Full Bath 6: 3rd
Full Bath 7: 4th
Full Bath 8: 4th
Lot Features
Corner Lot: 1
Level: 1
Construction Materials
Brick: 1
Photos - the contractual owner of the photos
Photo Owner: Broker
Possession
At Closing: 1
Exterior Features
None: 1
Fireplace Features
Family Room: 1
Wood Burning: 1
Flooring
Carpet: 1
Hardwood: 1
Showing Requirements
24 Hour Notice: 1
Call Listing Agent: 1
Occupied: 1
Showing Service: 1
Special Listing Conditions
Ownership: Washington Lofts
Utilities
Underground Utilities: 1
Roof
Flat: 1
View
City: 1
Downtown: 1
Water Source
Public: 1
Heating
Natural Gas: 1
Income And Expenses
Rental Income: 94034.09
Rental Income Description: Actual
Electric Expense Description: Tenant
Total Income: 94034.09
Gas Expense Description: Tenant
Insurance Expense: 2170.95
Insurance Expense Description: Actual
Water Sewer Expense: 1988.49
Water Sewer Expense Desc.: Actual
Interior Features
Cathedral Ceiling(s): 1
Stone Countertops: 1
Parking Features
None: 1
Patio And Porch Features
Covered: 1
Deck: 1
Pressure Treated Deck: 1
Levels
Three Or More: 1
Security Features
Carbon Monoxide Detector(s): 1
Fire Alarm: 1
Fire Escape: 1
Fire Sprinkler System: 1
Security Fence: 1
Security Service: 1
Smoke Detector(s): 1
Separate Utilities
Electric: 1
Gas: 1
Tenant Pays
Electricity: 1
Gas: 1
Window Features
Bay Window(s): 1
Double Pane Windows: 1
Insulated Windows: 1
Wood Frames: 1
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 1A
Occupant Type MF Unit 1: Tenant
Lease Term MF Unit 1: 12 Months
Total Rooms MF Unit 1: 4
Total Bedrooms MF Unit 1: 1
Total Full Baths MF Unit 1: 1
Unit 1 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 1B
Occupant Type MF Unit 2: Tenant
Lease Term MF Unit 2: 12 Months
Total Rooms MF Unit 2: 5
Total Bedrooms MF Unit 2: 2
Total Full Baths MF Unit 2: 1
Unit 2 Includes
Bathroom: 1
Fireplace: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 2A
Lease Term MF Unit 3: 12 Months
Total Rooms MF Unit 3: 5
Total Bedrooms MF Unit 3: 2
Total Full Baths MF Unit 3: 1
Unit 3 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Stove: 1
Multi-Family Unit 4 Detail
Unit Location MF Unit 4: 2B
Lease Term MF Unit 4: 12 Months
Total Rooms MF Unit 4: 4
Total Bedrooms MF Unit 4: 1
Total Full Baths MF Unit 4: 1
Unit 4 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Multi-Family Unit 5 Detail
Unit Location MF Unit 5: 3A
Lease Term MF Unit 5: 12 Months
Total Rooms MF Unit 5: 5
Total Bedrooms MF Unit 5: 2
Total Full Baths MF Unit 5: 1
Unit 5 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Multi-Family Unit 6 Detail
Unit Location MF Unit 6: 3B
Total Rooms MF Unit 6: 4
Total Bedrooms MF Unit 6: 1
Total Full Baths MF Unit 6: 1
Unit 6 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Multi-Family Unit 7 Detail
Unit Location MF Unit 7: 4A
Total Rooms MF Unit 7: 5
Total Bedrooms MF Unit 7: 2
Total Full Baths MF Unit 7: 1
Unit 7 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Multi-Family Unit 8 Detail
Unit Location MF Unit 8: 4B
Total Rooms MF Unit 8: 4
Total Bedrooms MF Unit 8: 1
Total Full Baths MF Unit 8: 1
Unit 8 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Property Features
Architectural Style: Apartment 4 Plus Unit
Basement: Full; Unfinished; Walk-Out Access
Construction Materials: Brick
Cooling: Window Unit(s)
Electric: 200+ Amp Service
Exterior Features: None
Fencing: Fenced
Fireplace Features: Family Room; Wood Burning
Flooring: Carpet; Hardwood
Heating: Natural Gas
Interior Features: Cathedral Ceiling(s); Stone Countertops
Levels: Three Or More
Lot Features: Corner Lot; Level
Parking Features: None
Patio And Porch Features: Covered; Deck; Pressure Treated Deck
Possession: At Closing
Roof: Flat
Security Features: Carbon Monoxide Detector(s); Fire Alarm; Fire Escape; Fire Sprinkler System; Security Fence; Security Service; Smoke Detector(s)
Separate Utilities: Electric; Gas
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Call Listing Agent; Occupied; Showing Service
Tenant Pays: Electricity; Gas
Utilities: Underground Utilities
Window Features: Bay Window(s); Double Pane Windows; Insulated Windows; Wood Frames
View: Downtown
Water Source: Public
Unit 1 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 2 Includes: Bathroom; Fireplace; Kitchen; Living Room; Refrigerator; Stove
Unit 3 Includes: Bathroom; Kitchen; Living Room; Stove
Unit 4 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 5 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 6 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 7 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 8 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Rent Roll 
Listing Courtesy of Weichert Realtors-Reliable Properties
Listing Agent: Cole Cioffi
518-441-7258 | cole@reliable518.com
518-441-7258 | cole@reliable518.com
