2920 5th Avenue, NY 12180
- $4,250,000
- 25,519
- SqFt
- List Price
- $4,250,000
- MLS#
- 202621635
- Style
- Apartment 4 Plus Unit
- Subdivision
- Select One
Property Description
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.
Additional Information
- Taxes
- $16,762
- Acres
- 0.62
- Lot Dimensions
- 123X180
- Lot Description
- Level
- School District
- Troy
- Interior Features
- High Speed Internet, Other, Built-in Features
- Heating
- Other, Electric, Baseboard, Heat Pump
- Cooling
- Wall Unit(s), Other
- Construction
- Block, Brick
- Roof
- Other, Flat
- Parking
- Off Street, Paved
- Sewer
- Public Sewer
- Water
- Public
Mortgage Calculator
Listing courtesy of listing agent Ryan Mortka with Realty One Group Key Brokerage, 518-534-3714.
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