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    514 Fulton St Troy, NY 12180

    Sponsored
    For Lease
    $1.00 SF/Yr ($4,039 /Mo)

    Landmark building, flexible suites available

    Lot size:
    48,472 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional four-story, 48,472 square foot Class B office building, located at 514 Fulton Street in Troy, NY, presents a unique opportunity. Built in 1862, this National Historic Landmark, known as the Gurley Building, offers 12,676 square feet of immediately available space, divisible into units as small as 3,000 square feet. The building boasts high exposed ceilings, gracefully arched windows, richly textured brick walls, and plank wood floors, preserving its historical character. Located in the heart of Historic Downtown Troy, it's surrounded by restaurants, boutiques, Russell Sage College, and Rensselaer Polytechnic Institute. The property features two elevators, 30 total parking spaces, and on-site management. The 0.81-acre lot provides ample on and off-street parking. Ideal for creative businesses and developers seeking a prestigious address in a vibrant urban setting. This multiple-tenancy building offers a blend of traditional and creative office spaces, perfect for a variety of professional uses. The building's historical significance and prime location make it an exceptional investment opportunity.

    Property Features for 514 Fulton St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    48,472 SF
    Class
    B
    Total Rate
    4039.33

    Building Details

    Year Built
    1862
    Buildings
    1
    Stories
    4

    Unit(s) available at that property

    Space
    Suite 300
    Size
    12,676 SF
    Rate per SF
    $1.00

    HighLights

    • Walkable to restaurants, shops, and amenities.
    • Short drive to Rensselaer Polytechnic Institute (RPI) and Russell Sage College.
    • Abundant on‑site parking.
    • Convenient access to Albany, Saratoga Springs, and Vermont.
    • Competitive rental rates and flexible lease terms.
    Property Profile Location Intelligence

    Current Use by Public Records

    W. & L. E. ... Historical Landmark All Seasons Cooling ... Hvac Contractor Redstar Plumbing & Heating Plumber Gurley Precision Instruments Manufacturer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Rensselaer
    State
    New York
    Longitude
    -73.6871201
    Latitude
    42.7324205

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    FAQs

    What type of property is this?
    Office space - Landmark building, flexible suites available
    Where is this office space located?
    The property is located at 514 Fulton St Troy, NY.
    What is the lease rate?
    The lease rate is $1.00 SF/Yr.
    What are key features of this property?
    This property features: Walkable to restaurants, shops, and amenities.; Short drive to Rensselaer Polytechnic Institute (RPI) and Russell Sage College.; Abundant on-site parking.
    Request Owner's contact information
    514 Fulton St Troy, NY 12180
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    514 Fulton St Troy, NY 12180
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