2920 5th Ave Troy, NY 12180
North Central NeighborhoodEstimated payment $24,487/month
Highlights
- City View
- Stone Countertops
- Built-In Features
- 0.62 Acre Lot
- No HOA
- Cooling System Mounted In Outer Wall Opening
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,762
Year Built
- Built in 1920
Lot Details
- 27,007 Sq Ft Lot
- Lot Dimensions are 123x180
- Level Lot
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Block Exterior
Interior Spaces
- Built-In Features
- City Views
- Finished Basement
- Basement Fills Entire Space Under The House
- Security System Owned
- Stone Countertops
Parking
- 30 Parking Spaces
- Paved Parking
- Open Parking
- Off-Street Parking
Utilities
- Cooling System Mounted In Outer Wall Opening
- Heat Pump System
- Baseboard Heating
- Electric Baseboard Heater
- High Speed Internet
- Cable TV Available
Community Details
- No Home Owners Association
- 29 Units
Listing and Financial Details
- Legal Lot and Block 1.000 / 7
- Assessor Parcel Number 381700 90.70-7-1
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $1,322 | $1,500,000 | $143,800 | $1,356,200 |
| 2024 | $1,322 | $1,500,000 | $143,800 | $1,356,200 |
| 2023 | $6,283 | $1,500,000 | $143,800 | $1,356,200 |
| 2022 | $919 | $1,500,000 | $143,800 | $1,356,200 |
| 2021 | $462 | $1,500,000 | $143,800 | $1,356,200 |
| 2020 | $7,933 | $1,500,000 | $143,800 | $1,356,200 |
| 2019 | $416 | $1,500,000 | $143,800 | $1,356,200 |
| 2018 | $416 | $1,500,000 | $143,800 | $1,356,200 |
| 2017 | $325 | $1,204,000 | $143,800 | $1,060,200 |
| 2016 | $27,699 | $700,000 | $30,500 | $669,500 |
| 2015 | -- | $1,890,000 | $25,500 | $1,864,500 |
| 2014 | -- | $1,890,000 | $25,500 | $1,864,500 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/17/2026 07/17/26 | Price Changed | $1,350 | 0.0% | $2 / Sq Ft |
| 07/13/2026 07/13/26 | For Sale | $4,250,000 | 0.0% | $167 / Sq Ft |
| 07/10/2026 07/10/26 | Price Changed | $1,450 | +7.4% | $2 / Sq Ft |
| 05/13/2026 05/13/26 | Price Changed | $1,350 | +6.7% | $2 / Sq Ft |
| 04/18/2026 04/18/26 | Price Changed | $1,265 | +1.2% | $2 / Sq Ft |
| 02/19/2026 02/19/26 | Price Changed | $1,250 | +25.6% | $2 / Sq Ft |
| 02/12/2026 02/12/26 | Price Changed | $995 | -13.5% | $1 / Sq Ft |
| 01/29/2026 01/29/26 | Price Changed | $1,150 | +15.6% | $2 / Sq Ft |
| 01/21/2026 01/21/26 | Price Changed | $995 | -16.0% | $1 / Sq Ft |
| 12/11/2025 12/11/25 | Price Changed | $1,185 | -2.1% | $2 / Sq Ft |
| 12/05/2025 12/05/25 | Price Changed | $1,210 | +0.8% | $2 / Sq Ft |
| 11/26/2025 11/26/25 | Price Changed | $1,200 | -0.8% | $2 / Sq Ft |
| 11/14/2025 11/14/25 | Price Changed | $1,210 | +21.6% | $2 / Sq Ft |
| 10/29/2025 10/29/25 | Price Changed | $995 | -9.1% | $1 / Sq Ft |
| 10/23/2025 10/23/25 | Price Changed | $1,095 | -8.4% | $2 / Sq Ft |
| 09/26/2025 09/26/25 | Price Changed | $1,195 | -3.2% | $2 / Sq Ft |
| 06/28/2025 06/28/25 | Price Changed | $1,235 | -8.5% | $2 / Sq Ft |
| 03/01/2024 03/01/24 | For Rent | $1,350 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $315,000 | Paul Sciocchetti | |
| Quit Claim Deed | -- | Guercio & Guercio, Llp |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,292,120 | Stand Alone Refi Refinance Of Original Loan |
Source: Global MLS
MLS Number: 202621635
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