Hudson River Waterfront
621 1st Avenue Troy, NY 12182
621 1st Avenue, Troy, NY, 12182
$349,900
For Sale
$349,900
Duplex property offered for sale with Hudson River waterfront access.
Property Size2,310 SF
Price / SF$151.47
Days on Market178
Property Features for 621 1st Avenue
General Information
- Standard status
- Active
- Size
- 2,310 SF
- Property subtype
- Multi Family / Duplex
Building Details
- Year Built
- 1991
Listing agency
Heer Realty, Inc.
(518) 365-4469
Listed by
Dean W Heer · License #10311205744
(518) 365-4469
Source
Compass
Added: Jan 25 Updated: Jul 21 at 3:52AM Checked: Jul 21 at 3:52AM
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 Heer Realty, Inc.
Investment Insights
Based on property information with market context.
This waterfront duplex offers two residential units within a single income property. The asset is presented as Hudson River waterfront duplex, making the riverfront setting a key distinguishing feature.
The property is located at 621 1st Avenue in Troy, New York. As described in the listing, it is positioned along the Hudson River.
The offering is for sale, with the property size listed as 2,310 (per the provided information).
The property is located at 621 1st Avenue in Troy, New York. As described in the listing, it is positioned along the Hudson River.
The offering is for sale, with the property size listed as 2,310 (per the provided information).
Key Highlights
- Duplex property with Hudson River waterfront access
- Waterfront pressure treated deck and a deck/patio for outdoor space
- Year built 1991 with vinyl siding exterior
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.2k | $17.40 |
| − Vacancy | −$2.1k | −$0.90 |
| EGI | $38.1k | $16.50 |
| − OpEx | −$11.4k | −$4.95 |
| NOI | $26.7k | $11.55 |
2,310 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$381.0K
$333.4K – $444.6K
NOI $26,673 @ 7.0% cap · market cap 7.62%
Second Best
Apartment 5plus
$352.5K
$308.4K – $411.2K
NOI $24,674 @ 7.0% cap · market cap 7.05%
Theoretical Best
Office A
$720.8K
$630.7K – $841.0K
NOI $50,457 @ 7.0% cap · market cap 14.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex property offered for sale with Hudson River waterfront access.
Where is this duplex located?
The property is located at 621 1st Avenue Troy, NY.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Duplex property with Hudson River waterfront access; Waterfront pressure treated deck and a deck/patio for outdoor space; Year built 1991 with vinyl siding exterior
