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Historic Four-Story Office Building
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2 3rd St, Troy, NY 12180

A four-story building originally built as a department store in 1887, now operating as office space in Troy.

Property Size3,000 SF
Days on Market58

Property Features for 2 3rd St

General Information

Standard status Active
Size 3,000 SF
Property subtype OFFICE
Lease Type SF/yr
Listing Agency: NAI Platform
Listed By: Anton Pasquil
Source: Moodyscre
Added: Jun 4 Changed: Jul 26 Last Checked: Jul 30 at 9:01AM

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 NAI Platform

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.

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

Current Use

Rensselaer County Republican Advocacy Group Creative Communication Associates ... Advertising Agency CornerStone Telecommunications Service UPPmarket, Inc. Business To Business Service Levrx Technology Inc. Corporate Office

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Electrical Service Carpet & Flooring Store Tech Support Center Veterinary Clinic Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.29 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,100
Businesses Nearby

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

$18.33 /SF/Yr
Avg Asking Price
$15.5–$25 /SF/Yr
Price Range
40,673 SF
Avg Space Size

This space is priced 17% below the average of $18.33 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
Questions? Ask Rey
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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 St 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
(518) 779-0107 Call to check price and availability
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