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122 4Th St Troy, NY 12180

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For Sale
$950,000

8,118 SF mixed-use building with seven income sources.

Property size:
8,118 SF
Lot size:
0.07 Acres

Property Features for 122 4Th St

General Information

Standard status
Active
Size
8,118 SF
Lot size
0.07 Acres

Building Details

Year built
1900

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Listing Contact
John S Diblasi
John S Diblasi
Source: Corcoran

Listing Agency: DIBLASI REAL ESTATE Listing Agent: John S Diblasi

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

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Overview

Mixed-Use Building with Income Potential

This 8,118 square foot mixed-use commercial building features seven sources of income, grossing $110,400 per year. The first-floor restaurant space is leased by a well-established restaurateur and has separate utilities. It is equipped with central air and a new boiler installed in 2014. There are four additional units above the restaurant, grossing a total of $5,000 per month. The former owner's unit on the third floor features hardwood floors. A studio apartment is located above a highly sought-after garage with a very high ceiling. The studio above the garage rents for $950 per month, and the garage provides an additional income of $900. The building includes a sprinkler system, and gross rents total $9,200 per month. The building has separate electric meters. The owner pays for heat and hot water for the apartments. The roof is one year old, and the building is in excellent condition.
Location Intelligence

Current Use by Public Records

Bespoki Bowl Bar & Pub M Building LLC Construction Company

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

Location Insight

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City
Troy
County
Albany
State
New York
Longitude
-73.6893517
Latitude
42.7289577

FAQs

What type of property is this?
Mixed-use property - 8,118 SF mixed-use building with seven income sources.
Where is this mixed-use property located?
The property is located at 122 4Th St Troy, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: - High income potential: $110,400 gross annual income from 7 sources.; - Sizeable commercial building: 8,118 sq/ft mixed-use brick building.; - First floor leased to a well-established restaurateur.
More about this property
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