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2920 5th Avenue Troy, NY $ 4,250,000
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2920 5th Avenue
$ 4,250,000
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2920 5th Avenue

Troy, NY, 12180
$ 4,250,000
Baths0.0 Sq 25,519

Monthly Estimate*

$ 26,835

2920 5th Avenue, Troy, NY 12180 - Image 1
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2920 5th Avenue, Troy, NY 12180 - Image 10
2920 5th Avenue, Troy, NY 12180 - Image 11
2920 5th Avenue, Troy, NY 12180 - Image 12
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Studio

Multi-Family Home for sale in Troy, NY

for $4,250,000. This 25,519 square foot home was built in 1920 on a lot size of 0.62.

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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Multi-Family Active

Price

$ 4,250,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 16,762

Style

Apartment 4 Plus Unit

Lot Size

0.62

Year Built

1920

Town/City

Troy

County/Region

Rensselaer

MLS | Web ID

202621635
Features
Interior
Interior Amenities Other High Speed Internet Built-in Features
Basement Finished Full
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Above Grade Finished Area 25519.0
Half Baths 0
Total Bedrooms 0
Below Grade Finished Area 10665.0
Below Grade Finished Area Source CRS
Above Grade Finished Area Source CRS
Total Baths 0
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General
Sewer Public Sewer
Heating Baseboard Electric Heat Pump Other
Cooling Wall Unit(s) Other
Utilities Cable Available
Possession Subject To Tenant Rights At Closing
Roof Other Flat
Garage Spaces 0.0
Architectural Style Apartment 4 Plus Unit
Security Features Security System Owned
Construction Materials Block Brick
Year Built 1920
Tenant Pays Other Heat Internet Cable TV Central Air Electricity
View City
Property Subtype Multi Family
County Rensselaer
New Construction N
Property Type MultiFamily
HOA N
Attached Garage N
Full Baths 0
Status Active
Directions GPS - School One Lofts Troy NY
City Troy
High School District Troy
Number Of Units Total 29
Lot Size Units Acres
Lot Size Square Feet 27007.2
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 16762.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://app.doaudiotours.com/unbranded?id=26092&lang=en-US
Standard Status Active
Tax Assessed Value 0
Tax Lot 1.000
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Exterior
Parking Features Off Street Paved
Lot Features Level
Water Source Public
Total Parking 30.0
Lot Size Area 0.62
Spa N
Lot Dimensions 123X180
Lot Size Acres 0.62
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 2920
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* Excluded Features
List By
Ryan Mortka

Listing Agent

Realty One Group Key

Broker

(518) 534-3714

Phone

ryan@realtyonegroupkey.com

Email

Affordability Calculator

$28,232
Per Month
95%
5%
0%
Monthly Principal & Interest
$26,835
Monthly Property Taxes
$1,397
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
853469 Elementary School
853213 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
7/13/2026$4,250,000 Listed Price

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2920 5th Avenue, Troy, NY, 12180 is a Multi-Family Home for sale at $4,250,000 with 25,519 sqft and a lot size of 0.62. 2920 5th Avenue is a studio with 0.0 baths and was built in 1920. The property's zip code is 12180 which is in Troy, NY

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