FOR IMMEDIATE RELEASE
NAI Platform Announces the Sale of the Uncle Sam Lot in Troy, NY
Troy, NY – December 20, 2024
NAI Platform is proud to announce the successful sale of the Uncle Sam Lot, a prime development site located at 15-25 4th Street in downtown Troy, NY. Anton Pasquill, a dedicated and experienced real estate professional at NAI Platform, facilitated the transaction.
The property, a 1.66-acre vacant tax lot was sold for $2.15 million. Formerly home to the Uncle Sam’s Parking Garage, the site was cleared in 2021/2022 and is now primed for transformative development. Zoned as Downtown Mixed-Use (DMU), the lot allows for 400,000+ square feet of commercial, multifamily, or mixed-use projects, with a maximum height of seven stories.
Located in the heart of Troy’s historic district, this site offers unparalleled potential for contributing to the city's ongoing revitalization while respecting its rich heritage.
Anton Pasquill commented, “This sale represents a significant opportunity for the buyer to create a landmark development that aligns with Troy’s vibrant, evolving community. It was a pleasure to assist in this milestone transaction.”
For inquiries about similar opportunities or to learn more about NAI Platform’s services, please contact Anton Pasquill at anton@naiplatform.com or call +1 518 779 0107.
About NAI Platform
NAI Platform is a leading provider of comprehensive commercial real estate services throughout the Capital Region and beyond. Our team is committed to delivering exceptional results through innovative strategies, market insights, and a client-first approach.