1253 -1261 Ny 7, Troy, NY 12180 | 201933466 | HUNT Real Estate

1253 -1261 Ny 7 $1,330,000


    1253 -1261 Ny 7 Troy, NY 12180

    • 26 Beds
    • 27 Baths
    • 10,052 sq. ft.
    • Multi-Family
    • MLS# 201933466
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    Views: 229 Days On Site: 1021

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    Property Details

    CALLING INVESTORS! Excellent fully stabilized income property with nearly a 12% NOI pro forma CAP rate. Property consists of ten buildings that were once single family homes and a motel. They have been beautifully renovated into (24) studio, 1, 2, and 3 bedroom apartments. 3.86 acre site offers additional land for further development (perhaps a Tiny home park).

    • General Features
      • Special Listing Conditions Other
      • Property Sub Type Multi Family
      • County Rensselaer
      • Tax Annual Amount $22,485
      • Year Built 1945
    • Building Features
      • Above Grade Finished Area 10,052
      • Accessibility Features Accessible Garage
      • Architectural Style Other
      • Basement Other
      • Construction Materials Other,See Remarks
      • Cooling Other
      • Heating Electric, Oil, Other
      • Exterior Features Error: ClassID in tblMLSFieldPropertyType is null.
      • Garage Spaces 1.00
    • Property Features
      • Waterfront Y/N No
      • Sewer Septic Tank
      • Number Of Units Total 24
      • Separate Utilities Electric,Heat
      • Parking Features Parking Total 24.00
      • Association Y/N No
      • Lot Size Dimensions 3.870
      • Lot Size Acres 3.87
      • Water Source Dug Well
    • Schools
      • School District Brunswick (brittonkill)



    12180 (Troy) Demographics

    34 Median Age
    951 Population Density (per sq. mile)
    48% College Educated
    $59,523 Estimated Median Income
    9,699 Estimated Total Home Owners
    11,864 Estimated Total Renters
    45% / 55% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    53,181 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $285,000 Median Sales Price
    33 Homes Sold
    29 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,330,000
        5/18/2022 9:16:38 AM Price Reduced Source: Multiple Listing Service New Value: $1,330,000 -5%
        5/18/2022 9:16:38 AM Status Changed Source: Multiple Listing Service New Value: Active
        5/10/2022 5:01:48 PM Status Changed Source: Multiple Listing Service New Value: Pending
        4/14/2022 7:47:01 PM Price Reduced Source: Multiple Listing Service New Value: $1,400,000 -6.67%
        10/23/2019 4:16:00 PM New in Database Source: Multiple Listing Service New Value: $1,500,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.