Property profile

514 Fulton St Troy, NY 12180

FOR LEASE
Investment properties
Property ID
US63-0332161
50,660 SF 0.81 ac lot Built 1900
Entity Owned 14-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional four-story, 48,472 square foot Class B office building, located at 514 Fulton Street in Troy, NY, presents a unique opportunity. Built in 1862, this National Historic Landmark, known as the Gurley Building, offers 12,676 square feet of immediately available space, divisible into units as small as 3,000 square feet. The building boasts high exposed ceilings, gracefully arched windows, richly textured brick walls, and plank wood floors, preserving its historical character. Located in the heart of Historic Downtown Troy, it's surrounded by restaurants, boutiques, Russell Sage College, and Rensselaer Polytechnic Institute. The property features two elevators, 30 total parking spaces, and on-site management. The 0.81-acre lot provides ample on and off-street parking. Ideal for creative businesses and developers seeking a prestigious address in a vibrant urban setting. This multiple-tenancy building offers a blend of traditional and creative office spaces, perfect for a variety of professional uses. The building's historical significance and prime location make it an exceptional investment opportunity.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1900
Total area 50,660 SF
Lot 0.81 ac (35,284 SF)
Zoning code B4
APN 381700 101.46-9-9.1
UPID US63-0332161

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Tour Operator
  • HVAC Service General Contractor
  • Plumbing Service General Contractor
  • Industrial Manufacturer Production Facility

Location

514 Fulton St Troy, NY 12180
Troy metro Census 40701 ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.30M
Blend (final) Blend
$3.56M

Owner & transaction history

since 2012
1 recorded transaction
2012
Price N/A

Zoning & alternative use

B4 · Troy, NY
Top alternative use upside
Auto repair, garage $4.2M +47.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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