Mixed-Use
For Sale
$750,000
1809 5TH Avenue, Troy, NY 12180
The property combines leased residential units with restaurant and salon space in a multi-level building.
Property Size4,752 SF
Price / SF$157.83
Days on Market9
Property Features for 1809 5TH Avenue
General Information
Standard status
Active
Size
4,752 SF
Property subtype
Multi-family
Occupancy
100%
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Building Details
Year Built
1927
Buildings
1
Tenancy
Multi
Listing Agency:
Monticello
Listed By:
Kathy A Johnson
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Sep 27
Changed: Oct 4
Last Checked: Oct 4 at 10:00AM
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 Monticello
Investment Insights
Based on property information with market context.
This 4,752-square-foot mixed-use property contains two apartments, a ground-floor restaurant, and a second-floor hair salon. The building dates to 1927 and is fully leased. Apartment systems include mini-split heating and cooling, and the property has separate utilities. A three-year-old roof and a recently replaced main sewer line are also part of the building’s improvements.
The property is at 1809 5th Avenue in Troy, near RPI and Russell Sage College. Its residential and commercial spaces are arranged across multiple floors, with the restaurant at street level and the salon above.
The property is at 1809 5th Avenue in Troy, near RPI and Russell Sage College. Its residential and commercial spaces are arranged across multiple floors, with the restaurant at street level and the salon above.
Key Highlights
- 4,752‑square‑foot mixed‑use building, built in 1927
- Two apartments, a ground‑floor restaurant, and a second‑floor hair salon
- Fully leased
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$57,681
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,153,620
$1.2M
Cap Rate 7%
$824,014
$824.0K
Cap Rate 9%
$640,900
$640.9K
Market Conditions
NOI Build-Up for 4,752 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$110.6K $23.28/SF
− Vacancy
−$5.8K −$1.21/SF
EGI
$104.9K $22.07/SF
− OpEx
−$47.2K −$9.93/SF
NOI
$57.7K $12.14/SF
Area
Rensselaer County, NY
Vacancy
5.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,153,620
Cap Rate 7%
$824,014
Cap Rate 9%
$640,900
Alternative Uses
Best Use
Specialty Retail
$1.05M
$921.9K – $1.23M
NOI $73,749 @ 7.0% cap · market cap 9.83%
Second Best
Apartment 5plus
$824.0K
$721.0K – $961.4K
NOI $57,681 @ 7.0% cap · market cap 7.69%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,155 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,141
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines leased residential units with restaurant and salon space in a multi-level building.
Where is this mixed-use property located?
The property is located at 1809 5TH Avenue Troy, NY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 4,752‑square‑foot mixed‑use building, built in 1927; Two apartments, a ground‑floor restaurant, and a second‑floor hair salon; Fully leased
