Address
342 Congress Street, Troy, NY
Price
$ 590,000
Property Attributes
- MLS#202314160
- TypeCommercial
- CountyRENSSELAER
- CityTroy
- AreaTroy
- Zip12180
- StyleMixed Use
- Year Built1890
- Taxes$ 10578
- Price$ 590,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage8496
- Lot Size9,583 SqFt
Data Source:
Global MLS (GCAR)
Property Description
Portfolio: 338, 340 & 342 Congress St. multi-use property consisting of two buildings and a parking lot with (4) 2-bedroom apartments, and (2) retail spaces: a new bakery and a large owner-occupied business. There are nine paved and striped parking spaces and a grassy lawn area in the back fenced lot. All apartments are leased on a month-to-month basis. The bakery has a 5-year lease. Current annual income, which is well below market value is $54,300. With renovations, approximately $123,600 annual rent could be achieved for a 13% cap. Family-owned floor covering business est. in 1974 is also for sale. Contact agent for details.
| Price History | |
|---|---|
| 4/1/2023 | Listed $625,000 |
| 3/25/2024 | 6% - $590,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Hot Water |
| Cooling | Other |
| Zoning | Commercial |
| Construction Materials | Frame,Block,Brick |
| Year Built | 1890 |
| Tenant Pays | Heat,Internet,Telephone,Electricity |
| Stories | 3 |
| Property SubType | Mixed Use |
| Current Use | Mixed Use |
| County | Rensselaer |
| New Construction | No |
| Property Type | Commercial Sale |
| HOA / Comm Assn | No |
| Status | Active |
| Directions | Adjacent to Prospect Park and near the RPI Hill. North of the crossroads of 14th and Marshall St. On the right heading south on Congress St. |
| ModificationTimestamp | 2024-03-27T16:27:28Z |
| City | Troy |
| Buyer Agent Compensation | 2.00 |
| View Y/N | No |
| High School District | Troy |
| Lot Size Square Feet | 9583.0 |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Street Name | Congress |
| Land Lease Y/N | No |
| Tax Annual Amount | 10578.0 |
| Home Warranty Y/N | No |
| Lease Renewal Y/N | No |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Days on Market | 415 |
| Standard Status | Active |
| Tax Lot | 12.000 |
| MobileHomeRemainsYN | No |
| Buyer Agent Compensation Type | % |
| PostalCity | Troy |
Interior Features
| Basement | Full,Pillar/Post/Pier,Unfinished |
|---|---|
| Basement (Y/N) | No |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Street Suffix | Street |
| Electric On Property Y/N | No |
Exterior Features
| Water Source | Public |
|---|---|
| Total Parking | 9.0 |
| Inclusions | {u'Building & Land': True} |
| Lot Size Area | 0.22 |
| Number of Buildings | 1 |
| Spa | No |
| Building Area Total | 8496.0 |
| Lot Size Acres | 0.22 |
| Lot Size Units | Acres |
| Crops Included Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 12180
Price
Taxes
Visits
Year Built
Walkscore
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