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$3,890,000
8 Days On Site

1 3rd Street
Troy, NY 12180

For Sale|Mixed Use|Active
0
Beds
0
Total Baths
49,965
SqFt
$78
/SqFt
1840
Built
County:
Rensselaer
Listing courtesy of Kyle J Bradley of Carrow Real Estate Services LLC
Call Now: 518.963.8181
Is this the listing for you? We can help make it yours.
518.963.8181
1 3rd Street1 3rd Street1 3rd Street1 3rd Street
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Rare opportunity to acquire The Market Block, an iconic +/-49,965 SF, three-story mixed-use landmark in the heart of historic Downtown Troy. Offered at $3,890,000 ($77.85 PSF) with a 6.0% capitalization rate on in-place income. This 100% occupied retail/office property features a diverse tenant mix including Warner Bros., Velan Studios, Stacks Espresso and other established businesses. Flexible lease terms offer significant owner-user potential, while below-market rents provide investors with upside opportunity. Prominent corner location steps from Monument Square, River Street and the Hudson River waterfront. Excellent walkability, strong pedestrian activity, nearby public parking and convenient access to I-787, RPI and Russell Sage College. Downtown Mixed Use (DMU) zoning.

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Listing Snapshot
Price 
$3,890,000
Days On Site 
8 Days
Bedrooms 
N/A
Inside Area (SqFt) 
49,965 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.31 Acres
Year Built 
1840
MLS Number 
202628189
Status 
Active
Property Tax 
$79,408
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a week agoListing first seen on site
a week agoListing updated with changes from the MLS
General Features
Acres 
0.31
Additional Property Use 
OfficeRetailOtherInvestmentMedical/DentalMulti-Family
Cross Street 
River Street
Property Sub Type 
Mixed Use
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
49965
Utilities 
Sewer Connected
Water Source 
Public
Zoning 
Commercial
Interior Features
Basement 
None
Cooling 
Central Air
Heating 
Forced AirNatural Gas
Interior 
Elevator
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Exterior Features
Construction Details 
Brick
Roof 
Rubber
Community Features
School District 
Troy
Schools
School District
Troy
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Kyle J Bradley of Carrow Real Estate Services LLC



Listing information is provided by Participants of the Global MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Global MLS.
Last checked: 2026-10-23 01:13 PM UTC

Neighborhood & Commute
Source: Walkscore
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