Two-Suite Office
For Sale
Contact for pricing
701 River Street, Troy, NY 12180
Two adjoining suites offer flexible office space within a multi-unit building, with access to shared workplace amenities.
Property Size77,742 SF
Price / SF$0.00
Days on Market163
Property Features for 701 River Street
General Information
Standard status
Active
Size
77,742 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Office Units
2
Property Use
Office
Amenities
fitness center
shared breakroom
Building Details
Year Built
1916
Buildings
1
Listing Agency:
Carrow Real Estate Services LLC
(518) 462-7491
Listed By:
Kyle J Bradley · License #10301224313
(845) 325-1568
Source:
Simplywoodardrealestate
Added: May 28
Changed: Nov 5
Last Checked: Nov 5 at 9:39AM
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 Carrow Real Estate Services LLC
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Investment Insights
Based on property information with market context.
Two office suites totaling approximately 5,251 square feet are located in the 83-unit Collar Factory Lofts. The spaces measure approximately 2,528 and 2,723 square feet and can be combined. Occupants have access to an on-site fitness center and a shared breakroom. The building dates to 1916.
The property is near dining and shopping options and is accessible from I-787. On-site parking is available.
The property is near dining and shopping options and is accessible from I-787. On-site parking is available.
Key Highlights
- Two office suites total approximately 5,251 square feet
- Suite areas of approximately 2,528 and 2,723 square feet can be combined
- Located within the 83‑unit Collar Factory Lofts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$953,829
Suggested Prices Based on Cap Rates
Cap Rate 5%
$19,076,580
$19.1M
Cap Rate 7%
$13,626,129
$13.6M
Cap Rate 9%
$10,598,100
$10.6M
Market Conditions
NOI Build-Up for 77,742 SF
Gross rent
$1.61M $20.76/SF
− Vacancy
−$342.2K −$4.40/SF
EGI
$1.27M $16.36/SF
− OpEx
−$317.9K −$4.09/SF
NOI
$953.8K $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%
$19,076,580
Cap Rate 7%
$13,626,129
Cap Rate 9%
$10,598,100
Alternative Uses
Best Use
Office B
$13.63M
$11.92M – $15.90M
NOI $953,829 @ 7.0% cap · market cap 7,948,575.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$19.43M
$17.00M – $22.67M
NOI $1,360,398 @ 7.0% cap · market cap 11,336,650.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
834
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 Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Two adjoining suites offer flexible office space within a multi-unit building, with access to shared workplace amenities.
Where is this office unit located?
The property is located at 701 River Street Troy, NY.
What are key features of this property?
This property features: Two office suites total approximately 5,251 square feet; Suite areas of approximately 2,528 and 2,723 square feet can be combined; Located within the 83‑unit Collar Factory Lofts
