News

Troy is selling these 99 properties

1
Troy is selling these 99 properties

Earlier this month, the city of Troy posted a list of 99 city-owned, foreclosed properties for sale. We mapped them for you.

Would-be buyers need to fill out this application and submit it to the city by Aug. 2. Here’s a city-created info sheet about the process, which contains instructions and additional details.

The Alt also visited all of the properties that feature houses or other types of structures (about half of the parcels are vacant land). There were a few we found particularly intriguing for one reason or another.

5 Elm Place

The address is a bit misleading—this row house is really on 8th St., just south of Hoosick. It overlooks a Capital Roots garden and, farther in the distance, the Hedley Building. It’s next to city-owned basketball courts. Its bricks are adorned with climbing vines.

It’s also marked with a red “X” placard, which serves to warn first responders about potential safety hazards.

We don’t know what the building’s interior looks like (nor do we know if it would cost a fortune to render it habitable). One issue with the way the city current disposes of foreclosed properties is that interested parties cannot always enter the buildings before bidding.

Last year, during one round of sales, the city offered tours of nearly a dozen properties as part of an “open house” event. The mayor’s office did not respond when asked Thursday if it intended to repeat the event for this crop of properties.

The city’s approach to publicizing available properties has long seemed lackluster. “I don’t think a PDF on a website is a good way to browse for properties you might want to buy,” now-city councilmember Anasha Cummings told All Over Albany nearly four years ago.

3278 Sixth Avenue

Another red “X,” this time in the North Central neighborhood. This brick building caught our eye because it’s next to the Troy Bike Rescue, a lively, volunteer-run bike shop, and several properties owned by the Sanctuary for Independent Media.

In 2014, a portion of 3278 Sixth Ave. collapsed, causing damage to TBR’s building, according to the Troy Record. The city, after contemplating demolishing the property, opted instead to spend nearly $40,000 to “stabilize” it. The city’s then-spokesman told the Record that the stabilization work would make the property “potentially useful in the future.”

Tina Urzan, owner of the Olde Judge Mansion Bed & Breakfast, located at 3300 Sixth Ave., told The Alt that she’d support some sort of use at 3278 Sixth that benefits the children who frequent the bike shop.

The Troy Community Land Bank, a public authority affiliated with city government, has prioritized acquiring and either stabilizing or demolishing properties in this area. The entity’s executive director, Tony Tozzi, told The Alt on Wednesday that TCLB is likely to bid on multiple properties in this round, though he did not specify which ones.

16 & 18 Parkview Court

These two-family homes, sold separately, are located just off of Pawling Ave. When we visited Tuesday morning, it sounded like a dog was barking in 18 Parkview, though no one answered the door when we knocked and rang the doorbell. A neighbor said someone lived there but that no one had lived in 16 Parkview for at least a few months.

We encountered occupants at a few of the properties we visited this week. In response to an inquiry about when occupants are required to leave their homes, John Salka, the mayor’s spokesman, sent us a statement: “Notices were served to vacate by the City in accordance with the current foreclosure process. The City advises occupants of the properties of the 10 day deadline to vacate or an eviction will be commenced in Troy City Court. No current occupants have been given permission to stay within the designated properties beyond the deadline.”

1 Jesse Court

This one-family home, also just off Pawling Ave., is apparently attracting quite a bit of interest. A (friendly) neighbor told us on Tuesday that we were “probably like the sixth person” to have knocked on his door to inquire about the property.

747, 751, 753, & 757-759 Burden Avenue

These parcels, sold separately, were once home to the South End Tavern, which closed in 2013. Its famed “Ladies Entrance” sign was later acquired by the Rensselaer County Historical Society.

The properties were collectively listed for sale at $395,000 the same year the business closed, according to an Albany Business Review article.

867 Second Avenue

Set far back from the road, obscured by trees, ringed with trash, and missing its front porch, this large, old waterfront home seems the most likely on the list to be haunted.

“Dude, that was a beautiful house back in the day,” said Dan Beaudry, 61, who stopped to talk to us as he was riding by on his bicycle. “It’s a shame nobody bought it yet.”

The parcel is located between Rite Aid and Price Chopper, near the Troy-Waterford Bridge. The house was affixed with a red “X” in 2016, according to the Times Union.

The house, built around 1890, was one of two once used by the Riverside Club, county historian Kathy Sheehan told The Alt. The other building and the nearby Freihofer Bakery were demolished about a decade ago, according to lostlandmarks.org and Times Union photos.

848 Fourth Avenue

We just thought this one was sort of funny looking. It’s across the street from Testo’s Italian Restaurant.

According to an old listing on LoopNet, the nearly 2,000-square-foot building is “adaptable to many commercial uses” but “needs a rehab.”

Here is the city assessor’s office webpage that details this round of foreclosures. 

One Reader Response

Leave a Reply

Your email address will not be published. Required fields are marked *

*

More In News