Updated Professional Office
For Sale
$429,000
424 N Greenbush Road, Troy, NY 12144
COMMERCIAL - Troy, NY
Property Size1,526 SF
Lot Size0.46 Acres
Price / SF$281.13
Days on Market8
Property Features for 424 N Greenbush Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Mixed
Parking
8
Basement
Finished, Full
High school
Columbia
Elementary school district
East Greenbush
Middle school district
East Greenbush
High school district
East Greenbush
Directions
From EG, continue N on NY-4, property will be on your left.
Standard status
Active
APN
383200 134.13-1-7
Size
1,526 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Annual Amount
2676
Utilities
Sewer type
Septic Tank
Heating system
Ductless (Heating), Baseboard, Natural Gas
Cooling system
Ductless
Water source
Public
Building Details
Year built
1949
Building materials
Aluminum Siding
Roof type
Asphalt, Shingle
Listing Agency:
Venture Fox Realty Group LLC
(518) 290-1070
Listed By:
Erin Robilotta · License #10301223726
(518) 461-4710
Added: Jul 24
Last Checked: Jul 31 at 5:06AM
MLS# 202622533
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.
Investment Insights
Based on property information with market context.
This fully updated professional office space is configured with four private offices, an administrative area, two bathrooms, a kitchen area, and a conference room located in the basement. The property is presented as move-in ready for office use.
The offering includes 424 N Greenbush Road and the adjacent lot, described in the remarks as being sold together with 422 N Greenbush Road. The public remarks cite a Route 4 location and emphasize visibility.
Zoning is listed as Mixed, and the total lot size provided is 0.46 acres.
The offering includes 424 N Greenbush Road and the adjacent lot, described in the remarks as being sold together with 422 N Greenbush Road. The public remarks cite a Route 4 location and emphasize visibility.
Zoning is listed as Mixed, and the total lot size provided is 0.46 acres.
Key Highlights
- Converted professional office space with four private offices, an administrative area, two bathrooms, a kitchen area, and a basement conference room
- Includes the adjacent lot for expansion or parking, with 424 North Greenbush Rd sold with 422 North Greenbush Rd
- Year built 1949 with aluminum siding
Financial Insights For Office B
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 | $40.3k | $26.40 |
| − Vacancy | −$8.9k | −$5.81 |
| EGI | $31.4k | $20.59 |
| − OpEx | −$7.9k | −$5.15 |
| NOI | $23.6k | $15.44 |
1,526 SF · lease $26.40/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$336.7K
$294.6K – $392.8K
NOI $23,568 @ 7.0% cap · market cap 5.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$476.2K
$416.7K – $555.6K
NOI $33,333 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
304
Businesses Nearby
Explore this area
Business Placement
Demographics for 12144, NY
21,277
Population
10,474
Households
2
Avg Household Size
40
Median Age
38%
College-Educated
93%
High-School Grad
18.3 sq mi
ZIP Area
1,163
Density / Sq Mi
$88,357
Median Household Income
$51,893
Median Earnings
$1,379
Median Rent
$235,300
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Fully updated office layout with four private offices, two bathrooms, and a basement conference room.
Where is this office building located?
The property is located at 424 N Greenbush Road Troy, NY.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Converted professional office space with four private offices, an administrative area, two bathrooms, a kitchen area, and a basement conference room; Includes the adjacent lot for expansion or parking, with 424 North Greenbush Rd sold with 422 North Greenbush Rd; Year built 1949 with aluminum siding
