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    26-49 4Th St Troy, NY 12180

    For Sale
    $13,250,000

    Two-lot portfolio in downtown Troy with development potential.

    Property size:
    113,000 SF

    Property Features for 26-49 4Th St

    General Information

    Size
    113,000 SF

    Source: Pyramidbrokerage Agent Pyramid Brokerage Albany

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Troy Development Opportunity

    This portfolio offers a development opportunity consisting of two tax lots totaling 1.77 acres, representing nearly one full city block in downtown Troy, near the Hudson River. The properties include: The Frear building, with approximately 50,000 square feet of mostly leased retail and office space; 356 Fulton Street, offering approximately 40,000 square feet of vacant office space; and The Atrium, featuring approximately 73,000 square feet of vacant retail and office space. The site is permitted as-of-right for at least 7 stories in structural height and 85% maximum impervious lot coverage.
    Location Intelligence

    Current Use by Public Records

    Office space

    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
    -73.6884317
    Latitude
    42.7328988

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    FAQs

    What type of property is this?
    Mixed-use property - Two-lot portfolio in downtown Troy with development potential.
    Where is this mixed-use property located?
    The property is located at 26-49 4Th St Troy, NY.
    What is the asking price?
    The asking price for this property is $13,250,000.
    What are key features of this property?
    This property features: - 1.77 total acres in downtown Troy, near the Hudson River.; - Development opportunity with nearly a full city block.; - **Permitted as-of-right for at least 7 stories in structural height.**
    (518) 465-1400
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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
    26-49 4Th St Troy, NY 12180
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