For Sale $22,650,000
Property Type Unassigned
Building Class Other - outside NYC
Date Updated Dec 2, 2023

Cushman & Wakefield has been exclusively retained to market for sale the River Street Portfolio in Troy, New York. The offering consists of fifteen (15) mixed-use properties spanning the Hudson River waterfront along River Street in historic Troy, NY located just outside of New York’s capital city of Albany. The portfolio consists of a healthy mix of cash flowing multifamily buildings with ground floor retail, some reposition opportunities, and even a ground up development site. This is a very rare opportunity to acquire 497 LF of contiguous Hudson riverfront along with exceptionally positioned assets within an historic central business district of this charming city. The offering presents three distinct opportunities for a specific investor, each broken down below.

The bulk of the in-place as well as near term income, comes from the in-place cash-flowing assets. These buildings are the anchor for the entire portfolio. The McCarthy at 255 River Street recently underwent a full gut renovation and is now a state-of-the-art mixed-use elevator, luxury building with 19 apartments over two floors of ground floor and lower-level commercial space. The apartments all contain high-end finishes and represent the pinnacle of rental product available in the best location of Troy, NY. The apartments are currently 95% occupied. The Hudson at 193-211 River Street is the largest asset in the portfolio. It’s a 79,129 square foot elevator, mixed-use property that contai

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Contacts

Location

Getting Around

Walk Score ®
92/100 Walker's Paradise
Transit Score ®
53/100 Good Transit
Bike Score ®
60/100 Bikeable

City Troy, NY
Neighborhood Troy
Zip Code 12180
Market Albany

Points of Interest

Albany International Airport Taxi Stand

6.09 miles
Albany-Rensselaer

6.76 miles
Rensselaer Rail Station Taxi Stand

6.76 miles

Stewart's

0.30 miles
Stewart's Shops

0.47 miles
Selby's Auto Service

0.49 miles
Watervliet Food Mart

0.53 miles
Lukoil

0.54 miles
Stewart's

0.80 miles
Gulf

0.87 miles
Speedway

0.98 miles
Noor Mart

1.03 miles
Gendron's

1.05 miles

One Monument Square

0.05 miles
Troy Savings Bank Music Hall Parking Lot

0.14 miles
Quayside Lot

0.14 miles
Uncle Sam Parking Garage

0.15 miles
YWCA of Troy

0.16 miles
State Street Garage

0.17 miles
5th Ave Parking Garage

0.20 miles
The News Apartments Parking Garage

0.26 miles
Grimm Building Materials

0.41 miles
West Lot

0.50 miles

Best Western

0.20 miles
Courtyard by Marriott

0.53 miles
Hilton Garden Inn

1.14 miles
Golden Inn and Suites

3.65 miles
La Quinta Inn & Suites Latham Albany Airport

3.66 miles
Holiday Inn Express Hotel & Suites Latham

3.79 miles
Latham Inn

3.85 miles
Monte Mario Motel

3.91 miles
Sycamore Motel

4.01 miles
Comfort Inn Latham/Albany North

4.04 miles

Sushi King

0.03 miles
Bootlegger's on Broadway

0.04 miles
Lucas Confectionery

0.05 miles
Plumb Oyster Bar

0.05 miles
Peck's Arcade

0.06 miles
Bacchus Woodfired

0.09 miles
Muddaddy Flats Quesdailla

0.11 miles
Liza's

0.12 miles
Marmora Cafe

0.13 miles
Dunkin'

0.20 miles

Saint Anthonys School

0.19 miles
Russell Sage College

0.29 miles
Cornell University Cooperative Extension of Rensselaer County

0.33 miles
Redemption Christian Academy

0.69 miles
Saint Francis De Sales Academy

0.73 miles
Saint Lawrence Roman Catholic School

0.75 miles
Saint Paul's Parochial School

0.77 miles
Saint Joseph's Parochial School

0.85 miles
Heatly High School

0.97 miles
Rensselaer Polytechnic Institute

0.98 miles

CEO Head Start and Early Head Start

0.48 miles
Commission on Economic Opportunity Head Start

0.58 miles
Samaritan Rensselaer Childrens Center

1.00 miles
Viking Child Care Center

2.80 miles
Joyful Beginnings

3.46 miles
Littleminds

3.50 miles
Jack & Jill Day Care

3.94 miles
Blessed & Humble Daycare

5.91 miles
Toyland Daycare Preschool

6.88 miles
Building 4: Campus Children's Center

6.98 miles

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