Downtown Office Space For
For Lease
$21 SF/Yr
500 Federal Street, Troy, NY 12180
Full floor office space available in downtown Troy.
Space SizeContact for details
Days on Market148
Property Features for 500 Federal Street
General Information
Standard status
Active
Property subtype
Office
Listing Agency:
CBRE - Albany
(518) 424-4977
Listed By:
Ann MacAffer · License #Associate Real Estate Broker
(518) 424-4977
Source:
Cbre
Added: Mar 25
Changed: Aug 10
Last Checked: Aug 19 at 5:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Albany
Investment Insights
Based on property information with market context.
Available for lease are full floors of office space, up to approximately 9,640 square feet, within a larger building totaling approximately 56,033 square feet. The building is under new ownership, with upgrades planned. The property benefits from a downtown location, situated just over the Green Island Bridge. Several office configurations are possible. The location offers proximity to Samaritan and St. Mary’s Hospitals, as well as walkability to restaurants, retail options, entertainment venues, the waterfront, and Rensselaer Polytechnic Institute (RPI). Parking is available for approximately 76 vehicles. The space features windows and natural light throughout, and offers waterfront and downtown views. The property is located on the corner of Federal and River Streets, accessible from I-787 to Green Island Bridge.
Key Highlights
- Prime downtown location just over the Green Island Bridge.
- Incredible waterfront/downtown views.
- Windows and natural light throughout space.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.15 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,150
Businesses Nearby
Explore this area
Business Placement
Demographics for 12180, NY
55,907
Population
25,527
Households
2.2
Avg Household Size
33
Median Age
40%
College-Educated
90%
High-School Grad
56.2 sq mi
ZIP Area
995
Density / Sq Mi
$73,767
Median Household Income
$41,787
Median Earnings
$1,188
Median Rent
$233,000
Median Home Value
Market
Lease Benchmarks for Troy, NY
$16.89 /SF/Yr
Avg Asking Price
$3.85–$36.92 /SF/Yr
Price Range
38,986 SF
Avg Space Size
This space is priced 24% above the average of $16.89 /SF/Yr.
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Full floor office space available in downtown Troy.
Where is this office units located?
The property is located at 500 Federal Street Troy, NY.
What is the lease rate?
The lease rate is $21 SF/Yr.
What are key features of this property?
This property features: Prime downtown location just over the Green Island Bridge.; Incredible waterfront/downtown views.; Windows and natural light throughout space.
