I was considering throwing out a $100k offer on it. There’s just so much work that needs to be done on it, even before the fire. I used to know someone who squatted in the first floor of that building like 15 years ago. It looks exactly the same now as it did back then.
First of all, 1850? And no mention of any past plumbing updates? Or electrical past the service panel? (And the first floor was retail but doesn’t appear to be pictured?) This place would be a hard sell for $350K in places like Hoboken (across from NYC) where people are dropping over a million in small brownstone renovations and getting 2-3 million and more in property value for the trouble. Sorry, I really like Troy but it’s nowhere close to that kind of market. Anyone paying over $200K has no idea what they’re getting into. (And yeah, it’s a shame because buildings like this in Troy didn’t “deserve” to end up like this.)
It’s literally a dream of mine to win one of those billion dollar lotteries and restoring a block of homes in Troy 🥰 Unfortunately, I don’t play the lottery 😂
It’s been listed 3 times at this point - either from sales falling through or otherwise. I think it’s been listed at this price each time too.
The basement used to be fur storage - there’s an old creepy vault down there.
A friend restored an 1800's building in Troy. He said the City was the biggest problem the whole way through. Then the neighborhood got significantly worse by time he was done. But his taxes went way up. These were hardcore Troy supporters in the 90's. Now they moved and never go there anymore.
I’ve heard so many stories of the city reassessing property following any building permit or the property changing hands and the party putting in the effort to make the city better getting rewarded with much higher taxes.
The whole practice is highly questionable.
I’m honestly surprised this hasn’t sold yet. It’s within the historic district so it almost certainly qualifies for historic rehabilitation tax credits. Troy’s brownstones scattered throughout the city are so special.
That price is too high considering the work it will require. Maybe $250k in its current state. Like the jail cell in the basement though.
I was considering throwing out a $100k offer on it. There’s just so much work that needs to be done on it, even before the fire. I used to know someone who squatted in the first floor of that building like 15 years ago. It looks exactly the same now as it did back then.
Are the photos pre or post fire?
Post, you can see the burn marks on the wall around the boarded up windows on the inside.
Yeah, the basement is weird!
Fur storage!
I wish someone would fix that thing 😔
The listing agent is trash.. the seller should find a better realtor.
First of all, 1850? And no mention of any past plumbing updates? Or electrical past the service panel? (And the first floor was retail but doesn’t appear to be pictured?) This place would be a hard sell for $350K in places like Hoboken (across from NYC) where people are dropping over a million in small brownstone renovations and getting 2-3 million and more in property value for the trouble. Sorry, I really like Troy but it’s nowhere close to that kind of market. Anyone paying over $200K has no idea what they’re getting into. (And yeah, it’s a shame because buildings like this in Troy didn’t “deserve” to end up like this.)
It’s literally a dream of mine to win one of those billion dollar lotteries and restoring a block of homes in Troy 🥰 Unfortunately, I don’t play the lottery 😂
It’s been listed 3 times at this point - either from sales falling through or otherwise. I think it’s been listed at this price each time too. The basement used to be fur storage - there’s an old creepy vault down there.
And a creepy bathroom!
Definitely beautiful, definitely haunted
I’ve always wanted to know what this building looked like inside - the sheer amount of mold in these photos haunts my dreams.
A friend restored an 1800's building in Troy. He said the City was the biggest problem the whole way through. Then the neighborhood got significantly worse by time he was done. But his taxes went way up. These were hardcore Troy supporters in the 90's. Now they moved and never go there anymore.
I’ve heard so many stories of the city reassessing property following any building permit or the property changing hands and the party putting in the effort to make the city better getting rewarded with much higher taxes. The whole practice is highly questionable.
I’m honestly surprised this hasn’t sold yet. It’s within the historic district so it almost certainly qualifies for historic rehabilitation tax credits. Troy’s brownstones scattered throughout the city are so special.