Map of Property

River Street Portfolio, Troy, NY 12180 Listing Details & Market Data

255 River Street, Troy, NY 12180

  • For Sale $22,650,000
  • Property Type Unassigned
  • Building Class Other - outside NYC
  • Date Updated Apr 20, 2024
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

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Contacts

broker

Andrew Berry

Cushman & Wakefield

(212) 589-5124

broker

Charlie Gravina

Cushman & Wakefield

(212) 841-7580

broker

Brian Weld

Cushman & Wakefield

(212) 318-9709

broker

Matthew Etlinger

Cushman & Wakefield

(212) 954-0910

Location

Getting Around

  • Walk Score ®

    Walker's Paradise (92)

  • Transit Score ®

    Good Transit (53)

  • Bike Score ®

    Bikeable (60)
Powered by Walk Score ®
  • 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

  • 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

Contact River Street Portfolio, Troy, NY 12180