Updated Office
For Sale
$429,000
Pending
424 N Greenbush Road, Troy, NY 12144
Commercial Sale, Troy, NY
Property Size1,526 SF
Lot Size0.46 Acres
Days on Market102
Property Features for 424 N Greenbush Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Mixed
Parking
8
Basement
Finished, Full
High school
Columbia
Elementary school district
East Greenbush
Middle school district
East Greenbush
High school district
East Greenbush
Directions
From EG, continue N on NY-4, property will be on your left.
Standard status
Pending
APN
383200 134.13-1-7
Size
1,526 SF
Lot size
0.46 Acres
Additional Details
Property Use
Office
Condition
Move-in Ready
Taxes and HOA fees
Tax Annual Amount
2676
Utilities
Sewer type
Septic Tank
Heating system
Baseboard, Ductless (Heating), Natural Gas
Cooling system
Ductless
Water source
Public
Building Details
Year built
1949
Building materials
Aluminum Siding
Roof type
Asphalt, Shingle
Buildings
1
Listing Agency:
Venture Fox Realty Group LLC
(518) 290-1070
Listed By:
Erin Robilotta · License #10301223726
(518) 461-4710
Added: Jul 24
Changed: Oct 31
Last Checked: Nov 2 at 1:06AM
MLS# 202622533
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Located at 424 N Greenbush Road in Troy, this 1,526-square-foot office building was built in 1949 and updated for professional use. The layout includes four private offices, an administrative area, two bathrooms, a kitchen area, and a basement conference room. Aluminum siding, an asphalt shingle roof, baseboard and ductless heating, and ductless cooling are among the building features.
The sale includes the adjacent lot at 422 N Greenbush Road. The property information identifies 0.46 acres, Mixed zoning, public water, and a septic tank. The building and accompanying lot provide a defined office configuration with additional land included in the transaction.
The sale includes the adjacent lot at 422 N Greenbush Road. The property information identifies 0.46 acres, Mixed zoning, public water, and a septic tank. The building and accompanying lot provide a defined office configuration with additional land included in the transaction.
Key Highlights
- 1,526 SF office building with four private offices
- Administrative area, kitchen, two bathrooms, and basement conference room
- Updated professional office configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,723
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,460
$374.5K
Cap Rate 7%
$267,471
$267.5K
Cap Rate 9%
$208,033
$208.0K
Market Conditions
NOI Build-Up for 1,526 SF
Gross rent
$31.7K $20.76/SF
− Vacancy
−$6.7K −$4.40/SF
EGI
$25.0K $16.36/SF
− OpEx
−$6.2K −$4.09/SF
NOI
$18.7K $12.27/SF
Area
Rensselaer County, NY
Vacancy
21.20%
Lease Rate
$20.76 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,460
Cap Rate 7%
$267,471
Cap Rate 9%
$208,033
Alternative Uses
Best Use
Office B
$267.5K
$234.0K – $312.1K
NOI $18,723 @ 7.0% cap · market cap 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$381.5K
$333.8K – $445.1K
NOI $26,703 @ 7.0% cap · market cap 6.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
163
Businesses Nearby
Explore this area
Business Placement
Demographics for 12144, NY
21,277
Population
10,474
Households
2
Avg Household Size
40
Median Age
38%
College-Educated
93%
High-School Grad
18.3 sq mi
ZIP Area
1,163
Density / Sq Mi
$88,357
Median Household Income
$51,893
Median Earnings
$1,379
Median Rent
$235,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Four private offices, support areas, and a basement conference room serve a professional workplace layout.
Where is this office building located?
The property is located at 424 N Greenbush Road Troy, NY.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: 1,526 SF office building with four private offices; Administrative area, kitchen, two bathrooms, and basement conference room; Updated professional office configuration
