Monument Square Office
For Lease
$15.50 SF/Yr Modified Gross
251 River Street, Troy, NY
29,760 SF office building in the heart of Monument Square.
Space SizeContact for details
Property Size29,760 SF
Days on Market331
Property Features for 251 River Street
General Information
Standard status
Active
Size
29,760 SF
Property subtype
Office
Building Details
Building Size
29,760 SF
Listing Agency:
Pyramidbrokerage
(518) 489-9199
Listed By:
Pyramid Brokerage Albany
(518) 489-9199
Source:
Pyramidbrokerage
Added: Sep 25, 2025
Changed: Aug 14
Last Checked: Aug 21 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 Pyramidbrokerage
Investment Insights
Based on property information with market context.
This 29,760 square foot office building is located in the heart of Monument Square. The building has existing short-term leases in place. It can continue to be used as an office building or potentially be converted into residential apartments, featuring classic Troy historical charm. Available spaces for lease range from approximately 1,106 square feet up to a full floor of approximately 4,900 square feet, under a modified gross lease.
Key Highlights
- Prime location in the heart of Monument Square.
- Substantial 29,760 SF office building.
- Potential for conversion to residential apartments.
Property Analytics
Property Profile
Current Use
Lease Details
Modified Gross
Lease Type
Location Intelligence
Trade Area within ½ mile
2,100
Businesses Nearby
Explore this area
Business Placement
Market
Lease Benchmarks for Troy, NY
$18.33 /SF/Yr
Avg Asking Price
$15.5–$25 /SF/Yr
Price Range
31,860 SF
Avg Space Size
This space is priced 15% below the average of $18.33 /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 building - 29,760 SF office building in the heart of Monument Square.
Where is this office building located?
The property is located at 251 River Street Troy, NY.
What is the lease rate?
The lease rate is $15.50 SF/Yr.
What are key features of this property?
This property features: Prime location in the heart of Monument Square.; Substantial 29,760 SF office building.; Potential for conversion to residential apartments.
