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Property profile & analytics
FOR LEASE
Investment properties

2 3Rd St Troy, NY 12180

114,198 SF 0.93 ac lot Built 1920
Entity Owned 1-yr Hold Free & Clear
Property ID
US63-1219790
Property summary
AI-generated overview

This exceptional 2,430 square foot office suite resides within Troy's prestigious Frear Building, a landmark structure at the gateway to the historic downtown area. Built in 1887, this four-story building boasts a single-tenant occupancy in this particular suite located on the third floor. The suite features captivating period details and impressive ceiling heights ranging from nine to thirteen feet, creating a sophisticated and inspiring work environment. The space includes two convenient kitchenettes, three enclosed private offices, and a spacious open area perfect for collaborative work. Modern amenities are seamlessly integrated with the building's historic charm, including high-speed fiber optic internet access, recently renovated elevators, and updated bathrooms. The suite offers flexibility, with the potential for subdivision into two smaller spaces of 1,272 and 1,158 square feet, catering to various business needs. The building is situated within the Downtown Mixed Use (DMU) zoning district of Rensselaer County, offering a vibrant and accessible location. The total building size is 90,000 square feet, providing ample space and a strong sense of presence within the community. This unique opportunity combines historical character with modern functionality, making it an ideal location for discerning businesses seeking a prestigious address in a thriving downtown setting. The cross street is Fulton Street.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1920
Total area 114,198 SF
Lot 0.93 ac (40,511 SF)
Zoning code B4
APN 381700 101.45-6-1
UPID US63-1219790
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Rensselaer County Republican Advocacy Group Volunteer Organization
  • Creative Communication Associates (CCA) Advertising Agency Marketing & Advertising
  • CornerStone Telecommunications Service
  • UPPmarket, Inc. Business To Business Service
  • Levrx Technology Inc. Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$8.28M
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.88M
Blend (final) Blend
$6.38M
Owner & transaction history
Troy Holdings Spe LLC · 1 yrs held
Troy Holdings Spe LLC
since 2025
Last sale
$6.3M
4 recorded transactions
2025
$6.3M
2024
$8.3M
2024
Price N/A
2021
Price N/A
Zoning & alternative use
B4 · Troy, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $9.5M +47.9%
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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