Property Listing No Longer Available for Sale

143 2ND AVE, Troy, NY

Multi-family for Sale - $699,000 - 11,090 Sq. Ft.


Property Info

CIMLS#1034786
Location
  143 2ND AVE
  Troy NY 12180
UpdatedDecember 23rd, 2018
TypeMulti-family
Price$699,000
Building11,090 Sq. Ft.

Property Description

Castle-on-the-Hudson

Hudson River Waterfront Package

+ 2 adjacent properties:11,090 sf

+ Direct frontage on Hudson River with 166 ft Hudson River waterfront

+ Currently configured as: 2 multifamily properties, 12 apartments 7 2BR, 5 1BR

+ Individual apartment decks overlooking River + shared waterfront deck

+ Dock your boat on the Hudson


Financials

Rent Roll: $117,000

Net income: $ 84,000

Cap rate: 12.0%

After upgrades/rehab:

Pro-Forma Rent Roll: $151,000 - $181,000

Pro-Forma Net Income: $118,000 - $148,000