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2920 5th Avenue, Troy, NY 12180

Troy
Local realty services provided by:CENTURY 21 Adirondacks
2920 5th Avenue,Troy, NY 12180
$4,250,000
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  • - 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:11 day(s) ago
  • Updated:July 24, 2026 at 06:01 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
The information being provided by Global MLS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified.  © 2026 Global MLS All rights reserved. NY_GCAR Member Broker: Angela Brown

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