Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
0 Beds
0 Baths
25,519 sqft

$4,250,000

2920 5th Avenue, Troy NY, 12180

Price per sqft$166.54
Built in1920
Property size25,519 sqft
Property typeMulti-family

Overview

Active

Listed Jul 13, 2026

Updated Jul 14

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.

$28,275/mo

Est. mortgage payment based on a $4,250,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
202621635

Interior Features

Bedrooms
0
Bathrooms
0
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.62 Acres

Other Property Details

Taxes
$16,762
Tax Frequency
Annually
View
Yes

Listed by Ryan Mortka with Realty One Group Key
Listing Contact: 518-534-3714 

The IDX display contains information sourced from Global MLS as of 7/14/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2026 Global MLS all rights reserved.

Data last updated on 7/14/2026 at 1:18 PM UTC

Powered by Luxury Presence