$2,400,000
Troy, NY 12182
MLS# 202613763
18 beds
1 / 172
Property Description
Rare opportunity to own nearly half block of meticulously maintained 12 units apartment.See the high end apartments with exquisite wood work, finishes, fixtures & exposed brick walls. The buildings are surrounded by gardens and open space, on the corner across from Stewart's and CVS, cross the 112th street bridge to Cohoes. Minutes to Downtown Troy, 787 and Rt 7. Many long term tenants provide steady income. Current cap rate 7% with a high market cap rate of 8.7%.
Details
Maps
Documents
Contract Information
Original List Price: 2400000
List Price/SqFt: 304.38
Status: Active
Property Sub Type: Multi Family
List Price: $2,400,000
Current Price: $2,400,000
Listing Contract Date: 2026-03-23
Location
City/Town (Mail): Troy
Street Number: 462-470
Street Name: 2nd
Street Suffix: Avenue
County: Rensselaer
State/Province: NY
Postal Code: 12182
Geo Lat: 42.770505
Geo Lon: -73.678761
Property Detail
Number Of Units Total: 12
Rooms Total: 43
Bathrooms Half: 1
Garage Spaces: 2
Above Grade Finished Area: 7885
Above Grade Finished Area Source: Public Records
Parking Y/N: Yes
Below Grade Finished Area: 0
Below Grade Finished Area Source: Public Records
Living Area: 7885
Lot Size Acres: 0.42
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Bedrooms Total: 18
Bathrooms Full: 13
Year Built: 1890
Parcel, Tax, HOA
Parcel Number: 80.63-12-9
Tax Annual Amount: 40611.9
Total Taxes Description: Actual
School District: Lansingburgh
Association Y/N: No
Directions & Remarks
Directions: Continue onto 112th St Turn right onto 2nd Ave
Public Remarks: Rare opportunity to own nearly half block of meticulously maintained 12 units apartment.See the high end apartments with exquisite wood work, finishes, fixtures & exposed brick walls. The buildings are surrounded by gardens and open space, on the corner across from Stewart's and CVS, cross the 112th street bridge to Cohoes. Minutes to Downtown Troy, 787 and Rt 7. Many long term tenants provide steady income. Current cap rate 7% with a high market cap rate of 8.7%.
Sewer
Public Sewer: 1
Architectural Style
Other: 1
Electric
200+ Amp Service: 1
Fencing
Back Yard: 1
Financial Details
General Taxes: 28508.98
General Taxes Description: Actual
School Taxes: 12102.87
School Taxes Description: Actual
Attic Features
Hatch: 1
Cooling
Window Unit(s): 1
Basement
Full: 1
Bath Levels
Full Bath 1: 1st
Full Bath 2: 2nd
Full Bath 3: 3rd
Full Bath 4: 1st
Full Bath 5: 2nd
Full Bath 6: 1st
Full Bath 7: 2nd
Full Bath 8: 2nd
Full Bath 9: 1st
Full Bath 10: 2nd
Half Bath 1: 1st
Construction Materials
Brick: 1
Vinyl Siding: 1
Other: 1
Photos - the contractual owner of the photos
Photo Owner: Combination Ownership
Possession
At Closing: 1
Exterior Features
Garden: 1
Flooring
Hardwood: 1
Tile: 1
Showing Requirements
Lockbox: 1
Showing Service: 1
Sign on Property: 1
Special Listing Conditions
Standard: 1
Roof
Rubber: 1
Shingle: 1
Water Source
Public: 1
Foundation Details
Other: 1
Heating
Baseboard: 1
Forced Air: 1
Hot Water: 1
Natural Gas: 1
Income And Expenses
Net Operating Income: 161146
Interior Features
Cathedral Ceiling(s): 1
Vaulted Ceiling(s): 1
Parking Features
Parking Total: 2
Detached: 1
Garage: 1
Levels
Bi-Level: 1
Multi/Split: 1
Separate Utilities
Electric: 1
Gas: 1
Heat: 1
Water Meter: 1
Number Of Separate Electric Meters: 12
Number Of Separate Gas Meters: 10
Number Of Separate Water Meters: 5
Tenant Pays
Cable TV: 1
Electricity: 1
Gas: 1
Heat: 1
Hot Water: 1
Internet: 1
Unit Information
Number Of Dishwashers: 4
Number Of Dryers: 5
Number Of Refrigerators: 12
Number Of Stoves: 11
Number Of Washers: 5
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 462 1FL
Monthly Rent MF Unit 1: 1375
Rent Desc. MF Unit 1: Actual
Total Rooms MF Unit 1: 3
Total Bedrooms MF Unit 1: 2
Total Full Baths MF Unit 1: 1
Unit 1 Includes
Bathroom: 1
Dining Room: 1
Kitchen: 1
Living Room: 1
Stove: 1
Unit 1 Owner Furnish Features
Maintenance Grounds: 1
Sewer: 1
Trash: 1
Water: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 462 2Fl
Occupant Type MF Unit 2: Owner
Monthly Rent MF Unit 2: 3200
Total Rooms MF Unit 2: 8
Total Bedrooms MF Unit 2: 2
Total Full Baths MF Unit 2: 1
Unit 2 Owner Furnish Features
Maintenance Grounds: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Unit 2 Includes
Bathroom: 1
Dining Room: 1
Kitchen: 1
Living Room: 1
Washer Hookup: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 464 1Fl
Occupant Type MF Unit 3: Tenant
Monthly Rent MF Unit 3: 1350
Rent Desc. MF Unit 3: Actual
Total Rooms MF Unit 3: 4
Total Bedrooms MF Unit 3: 1
Total Full Baths MF Unit 3: 1
Unit 3 Owner Furnish Features
Maintenance Grounds: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Unit 3 Includes
Bathroom: 1
Dining Room: 1
Kitchen: 1
Living Room: 1
Multi-Family Unit 4 Detail
Unit Location MF Unit 4: 464 2FL
Monthly Rent MF Unit 4: 1575
Total Rooms MF Unit 4: 2
Total Bedrooms MF Unit 4: 1
Total Full Baths MF Unit 4: 1
Unit 4 Owner Furnish Features
Maintenance Grounds: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Unit 4 Includes
Bathroom: 1
Dining Room: 1
Kitchen: 1
Refrigerator: 1
Multi-Family Unit 5 Detail
Unit Location MF Unit 5: 466 2FL
Monthly Rent MF Unit 5: 950
Total Rooms MF Unit 5: 3
Total Bedrooms MF Unit 5: 2
Total Full Baths MF Unit 5: 1
Unit 5 Owner Furnish Features
Maintenance Grounds: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Unit 5 Includes
Bathroom: 1
Dining Room: 1
Kitchen: 1
Living Room: 1
Other: 1
Refrigerator: 1
Multi-Family Unit 6 Detail
Unit Location MF Unit 6: 470 2nd
Monthly Rent MF Unit 6: 3079
Total Rooms MF Unit 6: 9
Total Bedrooms MF Unit 6: 3
Total Full Baths MF Unit 6: 3
Unit 6 Includes
Bathroom: 1
Dining Room: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Multi-Family Unit 7 Detail
Unit Location MF Unit 7: 12 1st
Monthly Rent MF Unit 7: 1500
Total Rooms MF Unit 7: 9
Total Bedrooms MF Unit 7: 7
Total Full Baths MF Unit 7: 1
Unit 7 Owner Furnish Features
Maintenance Grounds: 1
Management: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Unit 7 Includes
Bathroom: 1
Dining Room: 1
Kitchen: 1
Living Room: 1
Multi-Family Unit 8 Detail
Unit Location MF Unit 8: 12 F&B
Monthly Rent MF Unit 8: 2775
Total Rooms MF Unit 8: 9
Total Bedrooms MF Unit 8: 2
Total Full Baths MF Unit 8: 1
Unit 8 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Other: 1
Storage: 1
Status Change Info
Status Change Date: 2026-03-23
Property Features
Architectural Style: Other
Attic Features: Hatch
Basement: Full
Construction Materials: Brick; Vinyl Siding; Other
Cooling: Window Unit(s)
Electric: 200+ Amp Service
Exterior Features: Garden
Fencing: Back Yard
Flooring: Hardwood; Tile
Foundation Details: Other
Heating: Baseboard; Forced Air; Hot Water; Natural Gas
Interior Features: Cathedral Ceiling(s); Vaulted Ceiling(s)
Levels: Bi-Level; Multi/Split
Parking Features: Detached; Garage
Possession: At Closing
Roof: Rubber; Shingle
Separate Utilities: Electric; Gas; Heat; Water Meter
Sewer: Public Sewer
Showing Requirements: Lockbox; Showing Service; Sign on Property
Special Listing Conditions: Standard
Tenant Pays: Cable TV; Electricity; Gas; Heat; Hot Water; Internet
Water Source: Public
Unit 1 Includes: Bathroom; Dining Room; Kitchen; Living Room; Stove
Unit 1 Owner Furnish Features: Maintenance Grounds; Sewer; Trash; Water
Unit 2 Owner Furnish Features: Maintenance Grounds; Sewer; Snow Removal; Trash; Water
Unit 2 Includes: Bathroom; Dining Room; Kitchen; Living Room; Washer Hookup
Unit 3 Owner Furnish Features: Maintenance Grounds; Sewer; Snow Removal; Trash; Water
Unit 3 Includes: Bathroom; Dining Room; Kitchen; Living Room
Unit 4 Owner Furnish Features: Maintenance Grounds; Sewer; Snow Removal; Trash; Water
Unit 4 Includes: Bathroom; Dining Room; Kitchen; Refrigerator
Unit 5 Owner Furnish Features: Maintenance Grounds; Sewer; Snow Removal; Trash; Water
Unit 5 Includes: Bathroom; Dining Room; Kitchen; Living Room; Other; Refrigerator
Unit 6 Includes: Bathroom; Dining Room; Kitchen; Living Room; Refrigerator; Stove
Unit 7 Owner Furnish Features: Maintenance Grounds; Management; Sewer; Snow Removal; Trash; Water
Unit 7 Includes: Bathroom; Dining Room; Kitchen; Living Room
Unit 8 Includes: Bathroom; Kitchen; Living Room; Other; Storage
Income and Expense Sheet 
Listing Courtesy of Howard Hanna Capital Inc
Listing Agent: Joseph P Cardinale
518-755-2064 | josephcardinale@howardhanna.com
518-755-2064 | josephcardinale@howardhanna.com
