80 Jefferson Street

Description

This building represents a unique opportunity for re-development! The St. Lawrence Schoolhouse, once a Catholic School, the 21,000SF, 3-story building itself holds a very central location in Troy. This location makes it a fine mixed use, company HQ, office suites or medical professional building. Ground floor retail or hospitality food concepts with offices above would be a great addition to the up and coming neighborhood.The St. Lawrence Schoolhouse sits at the Nexus of three important neighborhoods with very engaged populations. Its' location in the Little Italy neighborhood is in the midst of many owner occupied, multi-family dwellings with Italian speciality shops and markets. Just adjacent is Washington Square Park, New York's second largest private park, featured in the series The Gilded Age and Age of Innocence with historically significant brownstones surrounding a beautiful, open park. Finally, The Osgood Neighborhood adjoins made up of artists and young professionals in duplex and triplex units, many, of whom are first time homebuyers. The location is walkable to downtown Troy for fine restaurants and many wonderful shops. Workers in Troy work in office and admin support(13.30%), teaching(8.56%) and management (8,26%)creating a steady market for housing. A significant building on the same block is the historic Troy Gas Holder building, built in 1873 which now hosts cultural and neighborhood events. The population of Troy is 51,400 making it the19th largest community in New York State, The city is home to five colleges and Universities: RPI, Russell Sage College, Sage Graduate Schools,Samaritan Hospital School of Nursing and Hudson Valley Community College.Currently, the building currently features 8 very large rental units; three 2-Bedroom Units, five 1-Bedroom Units, and One 3-Bedroom Unit for the Building Manager. All have living/dining/Kitchen areas and 1-bath each. The current apartments have chalkboards, hardwood floors and 11' windows, giant walk-in closets, high ceilings, period moldings, on-site laundry, security cameras and open floor plans preserving the historic character but with added modern amenities. However, the bonus is the 5,000SF auditorium on the 3rd floor that is yet untouched!St. Lawrence needs the right developer with a creative eye to take advantage of this unique building in the heart of downtown Troy and bring it to its maximum, modern multi-use potential.