462-470 2nd Ave, Troy, NY 12182
- Added:
- Dec 12, 2025
- Days on Market:
- 204
- Last Refresh:
- Jul 4 at 12:06 pm
Property Features for 462-470 2nd Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bedrooms
- 16
- Bathrooms
- 13
- Rooms
- Bathroom 3, Bathroom 12, Bathroom 11, Bedroom 5, Bedroom 7, Bathroom 2, Bedroom 14, Bedroom 15, Bathroom 5, Bedroom 10, Bedroom 4, Bathroom 8, Bedroom 3, Bedroom 16, Bathroom 1, Bathroom 6, Bedroom 6, Bedroom 13, Bathroom 13, Bathroom 7, Bedroom 11, Bathroom 9, Bedroom 12, Bathroom 4, Laundry Room, Bedroom 8, Bedroom 9, Bedroom 1, Bathroom 10, Bedroom 2
- Interior features
- Walk-In Closet(s), Entrance Foyer
- Standard status
- Active
- Lot size
- 0.42 Acres
Taxes and HOA fees
- Tax Annual Amount
- 21212
Utilities
- Heating system
- Natural Gas, Hot Water(Heating), Baseboard
Building Details
- Year built
- 1850
- Flooring type
- Tile, Hardwood
- Building materials
- Vinyl Siding, Brick
- Roof type
- Asphalt, Rubber
Listing agent Joseph Cardinale License #10401290174
Listing office HOWARD HANNA CAPITAL INC 1547 RTE 9, CLIFTON PARK, NY (518) 371-4500
Listing date Dec 12, 2025
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 5 meticulously maintained buildings with 12 units on connected properties
- Reported current cap rate of 6.9% and high market cap rate of 8.7%
- Many long‑term tenants provide steady rental income (as stated in remarks)
- Corner location across from Stewart's and CVS; minutes to Downtown Troy, I‑787, and Rt 7
- Heating includes natural gas with hot water (heating) and baseboard systems
- Exterior materials include vinyl siding and brick; roof includes asphalt and rubber
Overview
The buildings are located on a corner across from Stewart’s and CVS. The remarks note that the area allows convenient access to Downtown Troy, and to I-787 and Route 7. The listing also mentions crossing the 112th Street bridge to Cohoes.
This is a straightforward fit for buyers seeking a small multifamily portfolio rather than a single building, with multiple structures under one ownership group. The listing states there are many long-term tenants and includes reported capitalization rate figures, with a current cap rate of 6.9% and a high market cap rate of 8.7%. All details provided here reflect the information contained in the remarks, and interested parties should confirm operating history and unit-by-unit specifics during due diligence.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Troy
- County
- Albany
- State
- New York
- Longitude
- -73.678856
- Latitude
- 42.770577
