Sharon FronkRealtor® · Howard Hanna
LoadingTroy, NY 12180 · Rensselaer County
School One Lofts is a 29-unit multifamily property in downtown Troy, converted from a historic school building into contemporary loft residences. The 25,519-square-foot asset features spacious units with oversized windows, original hardwood floors, granite countertops, stainless steel appliances, and in-unit laundry. Residents benefit from on-site parking and an all-inclusive monthly payment covering fiber internet, cable, electricity, heating, cooling, and hot water. The property carries approximately $3.1 million in assumable Fannie Mae financing at 5.23% and operates under a long-term PILOT tax agreement through 2037, with established occupancy and documented cash flow.
Exceptional opportunity to acquire School One Lofts, a fully occupied 29-unit multifamily asset featuring approximately $3.1 million of assumable Fannie Mae financing at 5.23% and a long-term PILOT tax agreement through 2037. Originally converted from a historic school, the property offers spacious loft-style residences with oversized windows, original hardwood flooring, granite countertops, stainless steel appliances and in-unit laundry. Residents enjoy on-site parking and ''All-In Living'' package, which combines fiber internet, cable, electricity, heating, air conditioning and hot water into one monthly payment. Proven rental history, attractive in-place cash flow and operational upside through improved management efficiencies make this a strong investment opportunity.
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Troy is in Rensselaer County, NY. There are currently 110 active listings here, ranging from $15,500 to $4,250,000. Listings in this address fall under the Troy school district. Priced 1208% above the Troy median of $324,950.
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Realty One Group Key · Listed by Ryan Mortka (31807)
Contact: 518-534-3714
MLS #202621635 · Source: Global MLS, Inc.
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Real numbers from current MLS data. Not a third-party estimate.
Every change captured by Global MLS since this listing went live.
