OVERVIEW

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