23-25 Prospect Avenue, Troy, NY 12180
- Added:
- Sep 24, 2025
- Days on Market:
- 269
- Last Refresh:
- Jun 19 at 7:06 am
Property Features for 23-25 Prospect Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 4
- Rooms
- Bedroom 2, Bedroom 7, Bedroom 6, Bathroom 4, Bathroom 3, Bedroom 4, Bedroom 3, Bedroom 5, Bathroom 2, Bedroom 1, Bathroom 1
- Parking
- 4
- Basement
- Unfinished
- Standard status
- Active
- APN
- 381700 101.71-12-22
- Size
- 4,173 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6875
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Baseboard
- Cooling system
- Wall Unit(s)
- Water source
- Public
Building Details
- Year built
- 1940
- Number of units
- 4
- Building materials
- Wood Siding
- Roof type
- Rubber
Listing agent Karen Zalewski-Wildzunas License #10301219752 (518) 858-4719
Listing office Berkshire Hathaway Home Services Blake 3 Winners Circle Suite 305, Albany, NY (518) 464-0870
Listing date Sep 24, 2025
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully occupied four‑unit building at 23‑25 Prospect Ave with strong rental history
- New roof and rubber roof; wood siding exterior
- Heating: natural gas baseboard; cooling: wall unit(s)
- Public water and public sewer
- Built in 1940
- Can be sold with 319 Speigletown Rd and 1105 Hutton Street (Troy, NY)
Overview
Local Financial Insights For Multifamily LT 5
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 | $72.6k | $17.40 |
| − Vacancy | −$3.8k | −$0.90 |
| EGI | $68.8k | $16.50 |
| − OpEx | −$20.7k | −$4.95 |
| NOI | $48.2k | $11.55 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Troy
- County
- Albany
- State
- New York
- Longitude
- -73.677835
- Latitude
- 42.723683
