J
Seller's Agent in 2020
John DiBlasi
Exit Realty Empire Associates
150 4th St Troy, NY 12180
Downtown Troy NeighborhoodEstimated Value: $1,661,042
16
Beds
8
Baths
9,142
Sq Ft
$182/Sq Ft
Est. Value
Highlights
- Active Adult
- No HOA
- Hot Water Heating System
- Wood Flooring
- Zoned Heating
- 1-minute walk to Prospect Park
About This Home
As of November 20208.9 cap rate 16 unit brick multi-use building offering gross rents of $173,400. In prime Downtown Troy location close to professional buildings, restaurants, stores, and easy commute to both RPI and HVCC. Featuring 14 very well-maintained 1BR apartments boasting high ceilings, open layouts, and tall windows to let in the natural light. The 14 apts are above 2 commercial store fronts - currently used as a laundromat, and as an office. Office can easily be converted to a store with large window overlooking popular location. Store fronts share a 1/2 bath in common area under the staircase. Separate utilities with 16 new electric meters supporting the 14 apartments' electric baseboard heat; 16 hot water tanks. The laundromat pays 1/4 of the water bill. 100% occupancy! Leased thru 8/20. Excellent Condition
Last Agent to Sell the Property
John DiBlasi
Exit Realty Empire Associates Listed on: 08/25/2020
Last Buyer's Agent
non-member non member
NON MLS OFFICE
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $17,014
Year Built
- Built in 1900
Lot Details
- 2,614 Sq Ft Lot
- Lot Dimensions are 30x95
Home Design
- Brick Exterior Construction
- Built-Up Roof
- Rubber Roof
Interior Spaces
- 9,142 Sq Ft Home
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Laminate
- Ceramic Tile
Utilities
- No Cooling
- Zoned Heating
- Heating System Uses Natural Gas
- Hot Water Heating System
- Electric Baseboard Heater
Community Details
- Active Adult
- No Home Owners Association
- 16 Units
Listing and Financial Details
- Tenant pays for hot water, heat, internet, cable TV, electricity
- The owner pays for trash collection, snow removal
- Legal Lot and Block 20 / 7
- Assessor Parcel Number 381700 101.61-7-20
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 25, 2020
Closed on
Nov 19, 2020
Sold by
M Buildings Llc
Bought by
150 4Th Llc
Seller's Agent
John DiBlasi
Exit Realty Empire Associates
Buyer's Agent
non-member non member
NON MLS OFFICE
List Price
$1,588,888
Sold Price
$1,200,000
Premium/Discount to List
-$388,888
-24.48%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$461,042
Avg. Annual Appreciation
6.82%
Original Mortgage
$980,000
Outstanding Balance
$872,061
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$788,981
Purchase Details
Closed on
May 9, 2008
Sold by
Abate Mario
Bought by
M Buildings Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,761
Interest Rate
5.94%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 150 4Th Llc | $1,200,000 | None Available | |
| M Buildings Llc | -- | David Green |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 150 4Th Llc | $980,000 | |
| Previous Owner | M Buildings Llc | $425,761 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/23/2020 11/23/20 | Sold | $1,200,000 | -24.5% | $131 / Sq Ft |
| 09/23/2020 09/23/20 | Pending | -- | -- | -- |
| 08/24/2020 08/24/20 | For Sale | $1,588,888 | -- | $174 / Sq Ft |
Source: Global MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $24,258 | $350,000 | $19,000 | $331,000 |
| 2023 | $24,263 | $350,000 | $19,000 | $331,000 |
| 2022 | $16,960 | $350,000 | $19,000 | $331,000 |
| 2021 | $4,957 | $350,000 | $19,000 | $331,000 |
| 2020 | $8,061 | $350,000 | $19,000 | $331,000 |
| 2019 | $11,572 | $350,000 | $19,000 | $331,000 |
| 2018 | $11,572 | $350,000 | $19,000 | $331,000 |
| 2017 | $11,518 | $350,000 | $19,000 | $331,000 |
| 2016 | $15,305 | $350,000 | $19,000 | $331,000 |
| 2015 | $7,414 | $350,000 | $19,000 | $331,000 |
| 2014 | $7,414 | $350,000 | $19,000 | $331,000 |
Source: Public Records
Agents Affiliated with this Home
-
-
n
Buyer's Agent in 2020
non-member non member
NON MLS OFFICE
Map
Source: Global MLS
MLS Number: 202026365
APN: 1700-101.61-7-20
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