Mixed-Use Building with
For Sale
$329,999
Pending
3367 6th Avenue, Troy, NY 12180
Renovated mixed-use property combining an open commercial space with three occupied apartments and separate utilities.
Property Size3,007 SF
Days on Market96
Property Features for 3367 6th Avenue
General Information
Standard status
Pending
Size
3,007 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Gross Income
$56,100
Taxes and HOA fees
Annual Taxes
$6,100
Building Details
Year Built
1910
Buildings
1
Tenancy
Multi
Listing Agency:
Howard Hanna Capital Inc
Listed By:
Mariana DeLuca · License #30194
(518) 258-7595
Source:
Capmarkrealty
Added: Jul 12
Changed: Oct 8
Last Checked: Oct 14 at 8:13PM
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 Howard Hanna Capital Inc
Investment Insights
Based on property information with market context.
This 3,007-square-foot mixed-use building, constructed in 1910, combines a street-level commercial storefront with three residential apartments. The storefront offers an open layout, high ceilings, a half bath, and a mini-split system; its current use is a barbershop. Each apartment includes two bedrooms and one full bath, with additional layouts featuring living areas, dining space, or an office. A small backyard serves the property.
The building has undergone renovation throughout, including updated siding, windows, and roofing. Mechanical improvements include two new boilers and a new split system serving the storefront. All three apartments and the commercial space are occupied, and the uses are separately metered. The property is located in Troy near schools, shopping, transportation, and major highways.
The building has undergone renovation throughout, including updated siding, windows, and roofing. Mechanical improvements include two new boilers and a new split system serving the storefront. All three apartments and the commercial space are occupied, and the uses are separately metered. The property is located in Troy near schools, shopping, transportation, and major highways.
Key Highlights
- 3,007 SF mixed‑use building with one commercial storefront and 3 apartments
- All 3 apartments and the storefront are fully occupied
- Each apartment includes 2 beds and 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,769
Cap Rate
9.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$595,380
$595.4K
Cap Rate 7%
$425,271
$425.3K
Cap Rate 9%
$330,767
$330.8K
Market Conditions
NOI Build-Up for 3,007 SF
Gross rent
$54.1K $18.00/SF
− Vacancy
−$6.5K −$2.16/SF
EGI
$47.6K $15.84/SF
− OpEx
−$17.9K −$5.94/SF
NOI
$29.8K $9.90/SF
Area
Rensselaer County, NY
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$595,380
Cap Rate 7%
$425,271
Cap Rate 9%
$330,767
Alternative Uses
Best Use
Multifamily LT 5
$562.6K
$492.3K – $656.4K
NOI $39,385 @ 7.0% cap · market cap 11.93%
Second Best
Retail
$546.2K
$477.9K – $637.2K
NOI $38,233 @ 7.0% cap · market cap 11.59%
Theoretical Best
Office A
$751.7K
$657.7K – $877.0K
NOI $52,619 @ 7.0% cap · market cap 15.95%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
325
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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated mixed-use property combining an open commercial space with three occupied apartments and separate utilities.
Where is this mixed-use property located?
The property is located at 3367 6th Avenue Troy, NY.
What is the asking price?
The asking price for this property is $329,999.
What are key features of this property?
This property features: 3,007 SF mixed‑use building with one commercial storefront and 3 apartments; All 3 apartments and the storefront are fully occupied; Each apartment includes 2 beds and 1 full bath
