Historic Four-Story Office
For Lease
$15.25 SF/Yr
2 3rd Street, Troy, NY 12180
A four-story building originally built as a department store in 1887, now operating as office space in Troy.
Space SizeContact for details
Property Size114,198 SF
Days on Market53
Property Features for 2 3rd Street
General Information
Standard status
Active
Size
114,198 SF
Property subtype
Retail
Building Details
Building Size
114,198 SF
Listed By:
Pyramid Brokerage Albany
(518) 489-9199
Source:
Pyramidbrokerage
Added: Jul 24
Changed: Sep 8
Last Checked: Sep 14 at 5:06AM
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 Pyramid Brokerage Albany
Investment Insights
Based on property information with market context.
Originally built in 1887 as a four-story department store, this historic building has been converted into a sophisticated office property. It currently serves as office space for a range of organizations, entrepreneurs, and companies, providing a distinct, established setting for business operations.
The property is located at the entrance of the historic district in Troy, NY, at 2 3rd St. Its built-in downtown character and central historic-district positioning support a professional presence for tenants seeking an address that reflects the building’s legacy.
The property is located at the entrance of the historic district in Troy, NY, at 2 3rd St. Its built-in downtown character and central historic-district positioning support a professional presence for tenants seeking an address that reflects the building’s legacy.
Key Highlights
- Four‑story building originally built as a department store in 1887
- Now operates as office space in Troy
- Building transformed into office use, housing organizations and companies in the region
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.29 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,100
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Troy, NY
$17.89 /SF/Yr
Avg Asking Price
$15.25–$25 /SF/Yr
Price Range
35,982 SF
Avg Space Size
This space is priced 15% below the average of $17.89 /SF/Yr.
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - A four-story building originally built as a department store in 1887, now operating as office space in Troy.
Where is this office building located?
The property is located at 2 3rd Street Troy, NY.
What is the lease rate?
The lease rate is $15.25 SF/Yr.
What are key features of this property?
This property features: Four‑story building originally built as a department store in 1887; Now operates as office space in Troy; Building transformed into office use, housing organizations and companies in the region
