2920 5th Avenue, Troy, NY 12180

Troy
Local realty services provided by:HUNT Real Estate ERA
2920 5th Avenue,Troy, NY 12180
$4,250,000
Virtual Tour
  • - Beds
  • - Baths
  • 25,519 sq. ft.
  • Multi-family
  • Active
Listed by: ryan mortka, alexander buell
Office: realty one group key
MLS#:202621635
Source:Global MLS

Price summary

  • Price:$4,250,000
  • Price per sq. ft.:$166.54

About this home

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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Home facts

  • Year built:1920
  • Listing ID #:202621635
  • Added:79 day(s) ago
  • Updated:September 30, 2026 at 03:21 PM

Rooms and interior

  • Basement Description:Finished, Full
  • Living area:25,519 sq. ft.

Heating and cooling

  • Cooling:Wall Unit(s)
  • Heating:Baseboard, Electric, Heat Pump

Structure and exterior

  • Roof:Flat
  • Year built:1920
  • Building area:25,519 sq. ft.
  • Lot area:0.62 Acres
  • Lot Features:Level
  • Architectural Style:Apartment 4 Plus Unit
  • Construction Materials:Block, Brick

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$4,250,000
  • Price per sq. ft.:$166.54
  • Tax amount:$16,762

Features and amenities

  • Amenities:Built-in Features, High Speed Internet

Parking

  • Total parking spaces:30
  • Parking description:Off Street, Paved
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