1 3rd Street Troy, NY ^$ 3,890,000

1 3rd Street

^$ 3,890,000

Back to search

Recently Listed

1 3rd Street

Troy, NY, 12180

^$ 3,890,000

Bedrooms-- Baths-- Sq 49,965

Monthly Estimate*

^$ 26,867

Commercial Property for sale in Troy, NY

for $3,890,000. This 49,965 square foot building was built in 1840 on a lot size of 0.31.

Rare opportunity to acquire The Market Block, an iconic +/-49,965 SF, three-story mixed-use landmark in the heart of historic Downtown Troy. Offered at $3,890,000 ($77.85 PSF) with a 6.0% capitalization rate on in-place income. This 100% occupied retail/office property features a diverse tenant mix including Warner Bros., Velan Studios, Stacks Espresso and other established businesses. Flexible lease terms offer significant owner-user potential, while below-market rents provide investors with upside opportunity. Prominent corner location steps from Monument Square, River Street and the Hudson River waterfront. Excellent walkability, strong pedestrian activity, nearby public parking and convenient access to I-787, RPI and Russell Sage College. Downtown Mixed Use (DMU) zoning.

Commercial Active

Price

^$ 3,890,000

Property Type

Commercial

Taxes

^$ 79,408

Style

Mixed Use

Lot Size

0.31

Year Built

1840

Town/City

Troy

County/Region

Rensselaer

MLS | Web ID

202628189

Features

General

Sewer Public Sewer

Heating Forced Air Natural Gas

Cooling Central Air

Possession At Closing

Roof Rubber

Zoning Commercial

Construction Materials Brick

Year Built 1840

Stories Count 3

Property Subtype Mixed Use

Ownership Sunmark Credit Union

County Rensselaer

New Construction false

Property Type Commercial Sale

HOA N

Possible Use Apartment Plus Boarding House Business Hotel/Motel Mixed Office Office Plus Office/Retail Restaurant Retail Tavern Tavern Plus Other Convenience Store Investment Laundromat Medical/Dental Multi-Family

Status Active

Directions I-787 take Exit 9E toward Downtown Troy/Route 7 East. Cross the Collar City Bridge and continue toward Downtown Troy. Turn right onto 3rd Street. Property is located at 1-13 Third Street at the corn

City Troy

High School District Troy

Lot Size Units Acres

Lot Size Square Feet 13504

Carport Y/N N

Land Lease Y/N N

Tax Annual Amount 79408

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

Standard Status Active

Tax Assessed Value 0

Tax Lot 1.000

Interior

Basement None

Basement (Y/N) N

Air Conditioning Y/N true

Heating Y/N true

Total Baths 0

Exterior

Water Source Public

Total Parking 0

Inclusions Building & Land

Lot Size Area 0.31

Number of Buildings 1

Spa N

Building Area Total 49965

Lot Dimensions 162' x 122'

Lot Size Acres 0.31

Waterfront Y/N N

Crops Included Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 1

* Excluded Features

List By

Kyle J Bradley

Listing Agent

Carrow Real Estate Services Llc

Broker

(845) 325-1568

Phone

kbradley@carrowrealestateservices.com

Affordability Calculator

$33,485

Per Month

Monthly Principal & Interest: $26,867
Monthly Property Taxes: $6,617
Monthly Home Insurance: --

Set your offer price

Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.375% 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.

Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

THE TIME TO SELL IS NOW! What's my home worth?

Nearby

Trends
Schools

Commerical listings in Troy, NY

Average List Price ^$703,572

Percent of Sale Price 82%

About Troy, NY

50,164 Population

2% Since 2002

^$41,523 Median Income

33.3 Median Age

24% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

0 Elementary School

0 Middle School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/14/2026	$3,890,000		Listed Price

Map

More homes like this one

homes for you

See all

1 3rd Street, Troy, NY, 12180 is a Commercial Property for sale at $3,890,000 with 49,965 sqft and a lot size of 0.31. 1 3rd Street was built in 1840. The property's zip code is 12180 which is in Troy, NY

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% 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.

The data relating to real estate for sale on this web site comes in part from The Internet Data Exchange Program of ©2019 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.

Data is updated as of 10/15/2026.

*Full Name

*Email

*Phone

I am interested in financing options

Get more info

By submitting the form, you agree that Weichert^® may contact you via phone or text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our privacy policy.

Get more info

Looking for an Associate?

Already Working with an Associate?

1 3rd Street

Commercial Property for sale in Troy, NY

Affordability Calculator

Map

More homes like this one

Get more info about this home