Financial
Distress signals
Property profile

2 3Rd St F-150 Troy, NY 12180

FOR LEASE
Other investment properties
Property ID
US63-1219790
114,198 SF 0.93 ac lot 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 property is an office space located on the third floor of the Frear Building, at the entrance to historic downtown Troy. The suite contains period design features and high ceilings, including a 13-foot ceiling height in the main open area. It includes a kitchenette and an enclosed office. The building provides access to high-speed fiber optic internet service and has undergone renovations that include updated bathrooms and elevators. The space is configured to allow combination with an adjacent space for a combined area of approximately 2,430 square feet (USF).

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

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

Value estimate

· Sep 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 · 9,340,760.00% cap applied$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?
9,340,760.00%
$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 · 17 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
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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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