Mayor Madden: Foreclosed Properties Open House Scheduled for July 25th

Mayor Madden: Foreclosed Properties Open House Scheduled for July 25th

For Immediate Release
July 16, 2019

Mayor Madden: Foreclosed Properties Open House Scheduled for July 25th

TROY, NY – Twelve city-owned properties will be open for public inspection on Thursday, July 25th, part of the city’s annual foreclosed properties open house program. Mayor Patrick Madden today announced the return of the popular program for a third year. The event will be held in two sessions, from 9:00 a.m. until 10:00 a.m., and 10:30 a.m. until 11:30 a.m.

Mayor Madden said, “The sale of foreclosed properties helps return inactive buildings to productive use and stabilize neighborhoods while growing the local tax base in the city. We’re pleased to continue this unique program which gives interested buyers an opportunity to explore available properties currently for sale in Troy.”

The City of Troy is currently accepting bid proposals on all available city-owned foreclosed properties. Proposals must be delivered to the Office of the City Assessor, 433 River Street, Ste. 5001, Troy New York 12180 by 4:00 p.m., Friday, August 2nd. Following the proposal review process, recommended sale proposals will be transmitted to the Troy City Council for final approval.

For more information on the foreclosure sale process and a full list of available foreclosed properties please contact the City Assessor’s office at (518) 279-7126 or visit www.troyny.gov

Open House

City staff will be onsite at each property during the event to provide public access. Attendees are asked to bring a flashlight and wear appropriate footwear. Open-toed shoes, sandals and heels are prohibited.

The foreclosed properties open house schedule is as follows:

9:00 a.m. – 10:00 a.m.
63 Oak Street
5 Francis Street
364 Third Street
31 S. River Street
61 Fourteenth St. (no longer available)
2342 Fifteenth Street
103 Ferry Street

10:30 a.m. – 11:30 a.m.
7 Park Avenue
54 Fifth Avenue
413 Seventh Avenue
3030 Seventh Avenue
53 Oakwood Avenue

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Press Contact:
John Salka, Deputy Director of Public Information
[email protected] / (518) 279-7131