Rosamilia announces ‘Open House’ for four properties on City foreclosure listing

Rosamilia announces ‘Open House’ for four properties on City foreclosure listing

TROY, NY – Mayor Lou Rosamilia has announced that there will be “Open House” opportunities for four city-owned buildings on Friday, 12/5. Each property is currently on the City of Troy foreclosure listing. The properties include a Laundromat, two buildings that formerly comprised the Vanilla Bean Baking Company and an attached row house.

“It’s important that we give the individuals who may be interested in purchasing these properties from the City the chance to get a firsthand look at the buildings and their surroundings,” said Troy Mayor Lou Rosamilia.

The first “Open House” will be held from 11 am until 12 noon at 3 Winter Street, previously known as Creekside Laundromat. The building is classified as a single use small building. It sits on .35 acres of land and is currently assessed at $110,000.

Next, two buildings located between 214 and 226 Fourth Street, will be shown from 12:30 pm and 1:30 pm. Both buildings formerly comprised the Vanilla Bean Baking Company. The buildings can be purchased together or separately. The first building, 214 Fourth Street, sits on .05 acres and is currently assessed at $200,000. The second building, 216-226 Fourth Street, is situated on .15 acres and is assessed at $295,000.

Finally, 6 Franklin Place, an attached row house, will also be shown from 12:30 pm until 1:30 pm. The property sits on .03 acres of land and is assessed at $105,000.

Each of the properties to be shown lies within the Troy School District.

For additional information on each property, please visit the City of Troy website at: http://www.troyny.gov/Libraries/assessor/openhouseinfosheets.sflb.ashx