Seven-Unit Apartment
2209 16th Street Troy, NY 12180
New
2209 16th Street, Troy, NY, 12180
$750,000
For Sale
$750,000
COMMERCIAL - Troy, NY
Property Size3,384 SF
Price / SF$221.63
Days on Market4
Property Features for 2209 16th Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 7
- Rooms
- Bathroom 2, Bathroom 4, Bathroom 6, Bathroom 7, Bathroom 5, Bathroom 1, Bathroom 3
- Standard status
- Active
- APN
- 381700 101.40-7-4
- Size
- 3,384 SF
Utilities
- Heating system
- Radiant
- Water source
- Public
Building Details
- Year built
- 1890
- Floors in Building
- 3
- Flooring type
- Hardwood, Laminate
- Roof type
- Flat, Asphalt
Listing Agency
KW PLATFORM
(518) 724-5800
935 NEW LOUDON RD, LATHAM, NY
Listed by
Kristian Khachadourian · License #10401303476
Added: Jul 14 Checked: Jul 17 at 6:06 pm
MLS# 11885435
Listing URL
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This seven-unit apartment building is offered for sale at 2209 16th Street in Troy, NY. The listing notes that most apartments have been renovated in recent years and that the property has a newer roof. The building is situated on a double lot, providing room for potential future development as described in the remarks.
The property is located across the street from Beman Park and is positioned for convenience to RPI, downtown Troy, parks, restaurants, shopping, and major highways.
As presented, it is a multifamily investment property with existing rental income, supported by the renovations and the new roof mentioned in the listing materials.
The property is located across the street from Beman Park and is positioned for convenience to RPI, downtown Troy, parks, restaurants, shopping, and major highways.
As presented, it is a multifamily investment property with existing rental income, supported by the renovations and the new roof mentioned in the listing materials.
Key Highlights
- 7‑unit multifamily property across the street from Beman Park
- Double lot provides future development opportunity
- New roof reported; roof includes flat and asphalt materials
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.0k | $20.40 |
| − Vacancy | −$3.3k | −$0.98 |
| EGI | $65.7k | $19.42 |
| − OpEx | −$29.6k | −$8.74 |
| NOI | $36.1k | $10.68 |
3,384 SF · lease $20.40/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$516.4K
$451.8K – $602.4K
NOI $36,146 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.06M
$924.0K – $1.23M
NOI $73,917 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Seven-unit apartment building on a double lot with renovated apartments and a newer roof, across from Beman Park.
Where is this apartment building located?
The property is located at 2209 16th Street Troy, NY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 7‑unit multifamily property across the street from Beman Park; Double lot provides future development opportunity; New roof reported; roof includes flat and asphalt materials
