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    Investment Opportunity: Community Living Asset Title is generated by Realmo AI

    171 Hill Street, Troy, NY 12180

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    For Sale
    $2,700,000

    MULTI_FAMILY - Other - Troy, NY

    Property size:
    5,488 SF
    Lot size:
    0.27 Acres
    Price / SF:
    $491/SF
    Added:
    May 29, 2026
    Days on Market:
    7
    Last Refresh:
    Jun 4 at 9:06 pm

    Property Features for 171 Hill Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    27
    Bathrooms
    24
    Rooms
    Bedroom 19, Bedroom 22, Bathroom 10, Bathroom 13, Bedroom 16, Bathroom 23, Bathroom 24, Bathroom 3, Bedroom 26, Bathroom 9, Bedroom 27, Bedroom 10, Bathroom 21, Bedroom 12, Bedroom 17, Bathroom 4, Bathroom 7, Bathroom 5, Bathroom 12, Bathroom 14, Bedroom 20, Bedroom 21, Bedroom 1, Bedroom 7, Bathroom 15, Bathroom 18, Bedroom 5, Bathroom 6, Bathroom 8, Bedroom 11, Bedroom 4, Bathroom 16, Bedroom 8, Bedroom 13, Bedroom 3, Bathroom 17, Bedroom 18, Bedroom 2, Bathroom 2, Bedroom 9, Bedroom 23, Bedroom 24, Bedroom 25, Bathroom 1, Bathroom 11, Bedroom 15, Bathroom 22, Bedroom 14, Bathroom 20, Bathroom 19, Bedroom 6
    Parking
    25
    Parking features
    Off Street
    Window features
    Screens
    Interior features
    High Speed Internet, Walk-In Closet(s), Built-in Features
    Standard status
    Active
    APN
    381700 112.21-6-12
    Size
    5,488 SF
    Lot size
    0.27 Acres

    Taxes and HOA fees

    Tax Annual Amount
    16566

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1940
    Number of units
    24
    Flooring type
    Concrete, Carpet
    Building materials
    Vinyl Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Leon Levy

    Listing agent Leon Levy License #30LE0983094

    Listing office Berkshire Hathaway Home Services Blake 3 Winners Circle Ste 305, Albany, NY

    Listing date May 29, 2026

    MLS# 202618382 Listing URL

    Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Commercial asset operating as Veterans community living with 22 private rooms, each with its own bathroom
    • Two‑unit residential property next door included—can support staff housing, additional rental income, or future redevelopment
    • Vacant lot directly behind facility included for potential expansion, additional parking, or new development (buyer to verify zoning)
    • Built in 1940 with vinyl siding and off‑street parking; public water and public sewer
    • Central air and forced‑air heating with natural gas; high‑speed internet and built‑in features included
    • Sold as a package with 177 Hill St (updated 2‑family) and an adjacent 1‑acre parcel fronting Ida St

    Overview

    This commercial asset, currently used as a veterans community living facility, presents a unique investment opportunity in a growing area. The primary property features 22 private rooms, each equipped with its own bathroom. Shared common areas foster a community-oriented environment. Included in the sale is a two-unit residential property, suitable for staff housing, additional rental income, or future redevelopment. A vacant lot directly behind the facility offers space for potential expansion, additional parking, or new development, subject to buyer verification of zoning. The property encompasses 5488 square feet on a 0.27-acre lot. The sale includes 177 Hill Street, an updated two-family residence, and an adjacent 1-acre parcel fronting Ida Street. The property is located in Troy, NY.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sgt. Dominick Pitaniello ... Housing Complex

    Suggested Use

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

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

    Similar Places Nearby

    • Canterbury House — 36 Pawling Ave, Troy, NY 12180
    • Hudson Shores Plaza — 1545 Broadway Suite 1B, Watervliet, NY 12189
    • Choice Connections - Troy — 120 3rd St, Troy, NY 12180

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Albany
    State
    New York
    Longitude
    -73.687543
    Latitude
    42.720146

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    FAQs

    What type of property is this?
    Assisted living facility - Well-maintained commercial asset with residential property and vacant lot.
    Where is this assisted living facility located?
    The property is located at 171 Hill Street Troy, NY.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: Commercial asset operating as Veterans community living with 22 private rooms, each with its own bathroom; Two‑unit residential property next door included—can support staff housing, additional rental income, or future redevelopment; Vacant lot directly behind facility included for potential expansion, additional parking, or new development (buyer to verify zoning)
    (518) 727-7493
    We can help!
    Listing Contact
    Leon Levy
    Real Estate License ID: 30LE0983094
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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