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    462-470 2Nd Ave Troy, NY 12182

    New
    For Sale
    $2,400,000

    Multi-Unit (5+), Other - Troy, NY

    Lot size:
    0.42 Acres
    Days on Market:
    2
    Last Refresh:
    Dec 13 at 8:06 pm

    Property Features for 462-470 2Nd Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Den, Dining Room, Family Room, Living Room
    Bedrooms
    16
    Bathrooms
    13
    APN
    381700 80.63-12-9
    Parking features
    Garage
    Interior features
    Walk-in Closet
    Lot size
    0.42 Acres

    Utilities

    Heating system
    Baseboard, Natural Gas

    Building Details

    Year built
    1850
    Year renovated
    1850
    Flooring type
    Hardwood, Tile
    Building materials
    Brick, Vinyl Siding
    Roof type
    Asphalt, Rubber
    Architectural style
    Other

    HOWARD HANNA CAPITAL INC

    Listing agent Joseph Cardinale (518) 371-4500

    Listing date Dec 12, 2025

    MLS# 11617727 Listing URL

    Copyright © 2025 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.

    Overview

    Multi-Unit Buildings in Troy, NY

    This is an opportunity to own five meticulously maintained buildings comprising 12 units on connected properties. The apartments feature high-end finishes, exquisite woodwork, fixtures, and exposed brick walls. The buildings are set amidst gardens and open space, situated on a corner across from a Stewart's and CVS. Located near the 112th Street bridge to Cohoes, the property is also minutes from Downtown Troy, 787, and Route 7. The property sits on a 0.42-acre lot. Many long-term tenants provide a steady income stream. The current cap rate is 6.9%, with a high market cap rate of 8.7%.
    Property Profile Insight Report 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
    -73.678856
    Latitude
    42.770577

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    FAQs

    What type of property is this?
    Apartment building - Meticulously maintained multi-unit buildings with steady income potential.
    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 $2,400,000.
    What are key features of this property?
    This property features: - High income potential with a current cap rate of 6.9% and a high market cap rate of 8.7%.; - 12 units across 5 meticulously maintained buildings on connected properties.; - High-end apartments featuring exquisite woodwork, finishes, fixtures, and exposed brick walls.
    (518) 371-4500
    Request Owner's contact information
    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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