2253 15Th StTroy, NY 12180

Property Details for 2253 15Th St

Year built

2008

Lot size

0.06 AC

Property size (Sq ft)

1,978 SF

Zone code

B1

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

381700 101.39-11-4

APU

38170010139114

Description

This exceptional mixed-use property, located at 2253 15th St Unit 2253 in Troy, NY, presents a compelling investment opportunity. Situated on a 0.06-acre lot, the building offers significant potential for a variety of uses, capitalizing on its strategic location within the vibrant Troy market. The asking price is $750,000, reflecting the property's strong potential for return on investment. While the precise square footage is currently unavailable, the 0.06-acre lot size suggests a substantial building footprint. The mixed-use designation allows for flexibility in development and tenant occupancy, catering to a diverse range of business needs. This property is ideally suited for an investor seeking a high-yield asset in a thriving urban setting. Its location in Troy offers easy access to major transportation routes, amenities, and a growing population base. The property's versatility and prime location make it an attractive proposition for both experienced and emerging investors. Further due diligence is encouraged to fully assess the property's potential and to determine the optimal development strategy. Detailed information regarding the building's internal layout and specifications will be provided upon request. This is a rare opportunity to acquire a significant mixed-use property in a desirable location. Don't miss out on this chance to secure a valuable asset in a rapidly developing market.

• CAP approach

  CAP return

  Valuation

  6%

  $491,366

  6.5%

  $453,568

  7%

  $421,171

• Comparable approach

  Method

  Valuation

  Relative Method

  $260,183

  Geo Method

  $258,445

• Alternative Use

  Use

  Valuation

  Residential

  $562,425

  Hospitality

  $515,178

  Educational

  $428,622

  Medical

  $443,363

  Retail

  $666,746

Location Insight

City

Troy

County

Rensselaer

State

New York

Latitude

42.7362

Longitude

-73.676

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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