Michael Fusco & Michael Cocca Acquire Office Building In Troy For $3.2M
500 Federal Street
$3,200,000
$50/SF
Building Size
63,200 SF
Asset Type
Office
Closing
Feb 12, 2024
About this deal
AI
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,200,000
- Address: 500 Federal Street, Troy
- Market: Troy
- Square Footage: 63,200
- Price Per Square Foot: $51
- Buyer: Michael Fusco & Michael Cocca
- Lender: Trustco Bank
The office sale at 500 Federal Street in Troy, New York sold for $3.2M in 2024. The building is 63,200 square feet, implying about 50 per square foot on the published price. This page is the Troy, New York file for the 500 Federal Street office sold: pricing, party profiles, and other closed office comps from the same Troy sit in the Market section below. Filter that Troy office set by closing date to see what else sold near 500 Federal Street around 2024. Published consideration for 500 Federal Street is $3.2M, dated 2024. Cite this Michael Fusco & Michael Cocca Acquire Office Building In Troy For $3.2M sale when underwriting similar office product around Troy, New York.
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Troy Office Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93