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    462-470 2Nd Ave Troy, NY 12182

    For Sale
    $2,350,000

    MULTI_FAMILY - Troy, NY

    Property size:
    7,885 SF
    Lot size:
    0.42 Acres
    Days on Market:
    75
    Last Refresh:
    Dec 7 at 8:06 pm

    Property Features for 462-470 2Nd Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bathroom 7, Bathroom 14, Bedroom 11, Bedroom 16, Bedroom 7, Bedroom 9, Bathroom 8, Bedroom 15, Bathroom 11, Bedroom 13, Bathroom 9, Bedroom 1, Bedroom 8, Bathroom 12, Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 1, Bathroom 13, Bathroom 4, Bedroom 5, Bedroom 17, Bathroom 3, Bathroom 6, Bathroom 10, Bedroom 6, Bathroom 2, Bathroom 5, Bedroom 14, Bedroom 10, Bedroom 18, Bedroom 12
    Bedrooms
    18
    APN
    80.63-12-9
    Parking
    2
    Parking features
    Garage
    Interior features
    Vaulted Ceiling(s), Cathedral Ceiling(s)
    Exterior features
    Garden
    Basement
    Full
    Size
    7,885 SF
    Lot size
    0.42 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Hot Water(Heating), Forced Air, Baseboard
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1890
    Number of units
    12
    Flooring type
    Tile, Hardwood
    Building materials
    Brick, Vinyl Siding
    Roof type
    Shingle, Rubber

    Howard Hanna Real Estate Services (518) 348-7100 [email protected]

    Listing agent Joseph P Cardinale (518) 755-2064 License #10401290174

    Listing date Sep 24, 2025

    Copyright © 2025 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.

    Overview

    Meticulously Maintained 12-Unit Apartment Building

    This is a rare opportunity to own a meticulously maintained 12-unit apartment building, comprising nearly half a block. The property features high-end apartments with exquisite woodwork, finishes, fixtures, and exposed brick walls. Surrounded by gardens and open space, the building is located on a corner across from a Stewart's and CVS, and is near the 112th Street bridge to Cohoes. It is also located minutes from Downtown Troy, 787, and Route 7. The property consists of 7,885 square feet and sits on a 0.42-acre lot. Many long-term tenants provide steady income. The current cap rate is 6.9% with a high market cap rate of 8.7%. The property is located at 462-470 2nd Avenue, Troy, NY 12182.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Albany
    State
    New York
    Longitude
    -73.678759
    Latitude
    42.77051

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    FAQs

    What type of property is this?
    Apartment building - Rare opportunity: meticulously maintained 12-unit apartment building in Troy, NY.
    Where is this apartment building located?
    The property is located at 462-470 2Nd Ave Troy, NY.
    What is the asking price?
    The asking price for this property is $2,350,000.
    What are key features of this property?
    This property features: - Steady income with a current cap rate of 6.9% and a high market cap rate of 8.7%.; - Rare opportunity to own nearly half a block of 12 meticulously maintained apartment units.; - High-end apartments featuring exquisite woodwork, finishes, fixtures, and exposed brick walls.
    (518) 755-2064
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    462-470 2Nd Ave Troy, NY 12182
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    462-470 2Nd Ave Troy, NY 12182
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