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    53-55 Congress St Troy, NY 12180

    Sponsored
    For Sale
    $1,800,000

    Downtown Troy Mixed-Use Investment

    Property size:
    9,265 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, located at 47, 53-55 Congress Street in Troy, New York, presents a compelling investment opportunity. The 9,265 square foot building, constructed in 1900, features a prime downtown location and is zoned DMU (Downtown Mixed Use). The two-story structure sits on a 0.16-acre lot (APN 101.53-13-12) and comprises two ground-floor retail spaces – previously occupied by Bruegger's Bagels and MOSS Bookstore – along with additional second-floor retail space. Adding significant value are four spacious two-bedroom loft apartments, offering considerable rental income potential. The property has undergone recent renovations, but further subdivision of the retail space is possible, creating additional income streams. Its ideal location makes it suitable for a variety of retail uses, including restaurants, cafes, or general merchandise. The combination of established retail and residential components provides a strong foundation for a profitable investment. This is a rare opportunity to acquire a well-located, mixed-use property in the thriving downtown Troy market.

    Property Features for 53-55 Congress St

    General Information

    Property type
    Multifamily properties
    Square Feet
    9,265 SF
    Lot Size
    6,970 SF

    Building Details

    Year Built
    1900
    Buildings
    1
    Stories
    2

    HighLights

    • 9,265 SF mixed‑use building in Troy, NY's downtown.
    • Prime downtown location, zoned DMU.
    • Two‑story building on a 0.16‑acre lot (APN 101.53‑13‑12).
    • Features two ground‑floor retail spaces (previously Bruegger's and MOSS Bookstore) and second‑floor retail space.
    • Four two‑bedroom loft apartments provide significant rental income.
    • Recent renovations completed; potential for further retail subdivision.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Rensselaer
    State
    New York
    Longitude
    -73.691525
    Latitude
    42.729037

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    FAQs

    What type of property is this?
    Multifamily property - Downtown Troy Mixed-Use Investment
    Where is this multifamily property located?
    The property is located at 53-55 Congress St Troy, NY.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: 9,265 SF mixed-use building in Troy, NY's downtown.; Prime downtown location, zoned DMU.; Two-story building on a 0.16-acre lot (APN 101.53-13-12).
    (518) 858-4719
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    53-55 Congress St Troy, NY 12180
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    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
    53-55 Congress St Troy, NY 12180
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