192 9th St - Schools FOR SALE


Troy, NY 12180- Downtown Troy
$2,995,000 USD
518-785-9000
192 9th St, Troy, NY for Sale
$2,995,000 USD
Schools - FOR SALE
1/21
null | Request Cap Rate

192 9th St
Troy, NY 12180
Downtown Troy


HIGHLIGHTS

  • Five-story brick building with adaptive reuse and redevelopment potential.
  • Over 100,000 square feet including additional structures and full basement.
  • Elevator-served building with multiple symmetrical floor plates.
  • Located near RPI, Russell Sage College, and regional higher education institutions.
  • Convenient access to Hoosick Street, major highways, and regional transportation.
  • Positioned within New York's Capital Region and Tech Valley economic corridor.

OVERVIEW

192 9th Street presents a rare adaptive reuse and redevelopment opportunity in the City of Troy, New York. Positioned on approximately 1.5 acres near the Hoosick Street corridor, the property consists of a substantial five-story brick structure with additional building components and a full basement, totaling more than 100,000 square feet. The building's configuration, symmetrical floor plates, elevator access, and large room layouts provide a strong foundation for a variety of redevelopment strategies, including multifamily residential conversion, student housing, senior housing, mixed-use redevelopment, or other residential and institutional uses subject to approvals. The property is located within a region benefiting from continued investment and economic activity associated with New York's Capital Region and Tech Valley. Its proximity to Rensselaer Polytechnic Institute, Russell Sage College, SUNY institutions, and numerous regional colleges supports potential residential demand from students, faculty, and workforce populations. The location also benefits from access to major employment centers, research facilities, healthcare institutions, and transportation infrastructure throughout the Albany metropolitan area. The asset enjoys convenient access to major roadways and is situated near one of the region's busiest commercial corridors. Nearby amenities include shopping destinations, hospitals, universities, Albany International Airport, and regional transportation services. Upper floors offer expansive views of the surrounding Capital Region landscape. With significant scale, existing structural improvements, elevator service, and a location within an active redevelopment environment, 192 9th Street offers investors and developers the opportunity to reposition a landmark property within one of Upstate New York's established urban markets.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$37 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Redemption Christian Academy

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

C

YEAR BUILT

1906

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.59 AC

LAND SF

69,260 SF

ZONING

R-2

APN/PARCEL ID

381700 101.31-9-16

ASK ABOUT THIS PROPERTY

Leah WitkoRealty One Group KeyMore Info
518-785-9000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Leah WitkoRealty One Group KeyMore Info
518-785-9000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.