# 285 2nd St, Troy, NY 12180

> **TL;DR:** commercial, $598,000.
> Waterfront. Est. $2,591/mo. Listed 202 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $598,000 |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 202 |

## Why This Home Stands Out

- **Waterfront** - Direct water access

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,591 |
| **Total** | **$2,591** |

## Key Amenities

- Waterfront

## Property Highlights

- Waterfront

## Description

### Agent Description
This historic four-story factory, built circa 1840, is one of South Central Troy's last remaining industrial landmarks awaiting redevelopment. Set along the Poestenkill Canal and just steps from the Hudson River, the property embodies the area's industrial heritage while offering prime potential for modern reuse.    Encompassing approximately 38,876 square feet with 14+ foot ceiling heights, the building commands presence and flexibility for creative redevelopment. Structural stabilization is already complete, including masonry restoration, chimney repair, new roofing, and joist replacement engineered to support residential loads. The result is a sound shell that preserves historic character while enabling a variety of uses.    Redevelopment approvals are in place for a mixed-use program that blends retail, residential, and townhome living. Plans include ground-floor commercial space, loft-style apartments on upper levels, a rear townhome residence, and 15 dedicated parking spaces. Comprehensive site studies-traffic, grading, and slope stability-have been conducted, reducing risk and streamlining project execution.    The property is strategically located within a district identified in Troy's Comprehensive Community Development Plan as a priority area for reinvestment. The city has launched significant initiatives that will transform the district into a vibrant mixed-use hub. Key projects include brownfield remediation at the former King Fuel site, relocation of the municipal salt storage facility, and completion of River Street extensions to create a continuous waterfront corridor. Together, these initiatives will unlock new housing, retail, and public space, increasing long-term value for surrounding properties.    Troy itself has reemerged as a dynamic city in New York's Capital Region, anchored by institutions such as Rensselaer Polytechnic Institute and Russell Sage College. Its revitalized downtown is known for a nationally recognized farmers market, a thriving restaurant scene, and a walkable historic core that attracts students, professionals, and entrepreneurs. South Central Troy represents the next chapter of this momentum, offering investors and developers an opportunity to participate in the city's growth.    For forward-thinking developers, this property offers the rare combination of historic scale, modern approvals, and municipal investment in the surrounding area. Whether developed into loft apartments, creative offices, boutique retail, or a signature mixed-use destination, it is well-positioned to deliver both near-term functionality and long-term appreciation.    Highlights    Four-story factory, c. 1840  ~38,876 SF with 14'+ ceiling heights  Structural stabilization completed  Approved plans for mixed-use: retail, apartments, townhome  15 dedicated parking spaces  Located on Poestenkill Canal near Hudson River  Within Troy's redevelopment corridor    This is more than a building-it is a chance to shape the future of Troy while honoring its past.

## Location

- **Address:** 285 2nd St, Troy, NY 12180
- **County:** Rensselaer
- **Coordinates:** 42.720416, -73.694129
- **Google Maps:** https://www.google.com/maps?q=42.720416,-73.694129

## Listing Agent

- **Name:** Deanna Dal Pos
- **Brokerage:** NAI PLATFORM LLC
- **Phone:** 5184651400
- **Email:** ddalpos@naiplatform.com

## Primary Photo

![285 2nd St - Primary Photo](http://lh.rdcpix.com/b548a0ad622ccf6ada453f3129b9eeccl-f1892509027r.jpg)

*17 total photos available on [listing page](https://www.propertysimple.com/listing/285-2nd-st-troy-ny-12180-11582786)*

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**MLS#:** 11582786 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/285-2nd-st-troy-ny-12180-11582786)

---

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