Robert Kennedy

2920 5th Avenue, Troy, NY 12180

New - 4 Hours Ago

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Property Description

Exceptional opportunity to acquire School One Lofts, a fully occupied 29-unit multifamily asset featuring approximately $3.1 million of assumable Fannie Mae financing at 5.23% and a long-term PILOT tax agreement through 2037. Originally converted from a historic school, the property offers spacious loft-style residences with oversized windows, original hardwood flooring, granite countertops, stainless steel appliances and in-unit laundry. Residents enjoy on-site parking and ''All-In Living'' package, which combines fiber internet, cable, electricity, heating, air conditioning and hot water into one monthly payment. Proven rental history, attractive in-place cash flow and operational upside through improved management efficiencies make this a strong investment opportunity.

2920 5th Avenue | MLS# 202621635

This multi-family property located at 2920 5th Avenue, Troy, NY 12180 is currently listed for sale with an asking price of $4,250,000. 5th Avenue is located within the Troy school district. Search Troy real estate on robert-kennedy.timberlandproperties.com today.

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Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Finished, Full
Cooling: Wall Unit(s), Other
Heating: Baseboard, Electric, Heat Pump, Other
Home Style: Apartment 4 Plus Unit
Lot Size: 0.62 Acres
Roof Type: Other, Flat
Taxes: $16,762
Year Built: 1920

Feature Descriptions

Exterior: Block, Brick
Interior: Other, High Speed Internet, Built-in Features
Lot: Level
Lot Dimensions: 123X180
Parcel #: 381700 90.70-7-1
Parking: Off Street, Paved
Parking Total: 30
Parking Total: 30
Security: Security System Owned
Security: yes
Sewer: Public Sewer
Special View Info: City
SQFT Above Grade Finished: 25519
SQFT Below Grade Finished: 10665
Utilities: Cable Available
Water: Public

Local Schools

School District: Troy

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Estimated Payment

$ 12,095.07 per month $9,458.66 Principal & Interest $1,396.83 Property Tax $1,239.58 Homeowner's Insurance

Change Payment Information

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years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Demographics

Listed By / Shown By

Listing By

Agency Name: Realty One Group Key
Agency Phone: 1 518-630-5360

Shown By

Agent Name: Robert Kennedy
Agent Phone: (917) 697-3469 Cell
Agency Title: Timberland Properties

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