Troy Lofts LLC Acquires 21-unit River Street Lofts In Troy For $4M

The River Street Lofts, a 21-unit apartment complex located at 172-176 River Street in Troy, was sold for $4 million to Troy Lofts LLC of Pelham in Westchester County. The sale price equates to $976 per square foot for the 4,100 square foot property.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $4,000,000
• Market: Troy
• Buyer: Troy Lofts LLC
• Seller: Tom Rossi & John Blackburn
• Lender: Saratoga National Bank& Trust
• SF: 4,100

Troy Lofts LLC of Pelham in Westchester County successfully acquired the River Street Lofts. The financing for the transaction was provided by Saratoga National Bank & Trust. Tom Rossi & John Blackburn acted as the sellers in this property deal.