Property profile

2 3Rd St F-150 Troy, NY 12180

FOR LEASE
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Property ID
US63-1219790
114,198 SF 0.93 ac Built 1920
Last sale Jan 2025·$6,300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The Frear is a connected two-building commercial property with more than 100,000 square feet of combined Class B office and retail space. The buildings share certain utility services with each other and with the city-owned portion of the Troy Atrium. It is located within a mixed-use zoning district that permits a wide range of commercial and residential uses as well as some industrial uses. The property is situated at the entrance to downtown Troy, directly off a major highway, in a prominent setting on the Hudson River waterfront.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2023$3.50M
Assessed land$540k
Assessed improvement$2.96M

Value estimate

· Nov 2026
$8.28M
$7.45M – $9.11M
AI approach$8.28M
Submarket $/SF estimate$4.88M
NOI build-up
Gross scheduled income$2.37M
Vacancy & credit loss−$503k
Operating expenses−$467k
NOI$1.40M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$56/SF
ZIP average, outlier-cleaned · 117 recorded sales of this use type
Observed band · Q1–Q3$30 – $85

Cap rate analysis

How does the asset earn?
$1.40M estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B4
JurisdictionRENSSELAER

Location intelligence

Which uses thrive at this corner?
Best fit: Dry Cleaner
Demand index
Dry Cleaner9.7
Electrical Service9.2
Carpet & Flooring Store8.9

Location

2 3Rd St, Unit F-150 Troy, NY 12180
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
272 Hoosick, Troy, NY 12180-2436 $3,100,000 Feb 2026 14,659 SF
291 Riv St, Troy, NY 12180-3218 $680,000 Jan 2026 14,019 SF
450 Fulton, Troy, NY 12180-3356 $900,000 Jul 2025 18,314 SF
689-691 Hoosick, Troy, NY 12180 $832,500 Jul 2025 6,851 SF
560 Congress, Troy, NY 12180-3730 $100,000 May 2025 12,338 SF
297 Riv, Troy, NY 12180-3373 $1,500,000 Dec 2024 22,800 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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