Mayor Madden: City Accepting Bids on Available City-Owned Foreclosed Properties

Mayor Madden: City Accepting Bids on Available City-Owned Foreclosed Properties

Mayor Madden: City Accepting Bids on Available City-Owned Foreclosed Properties

TROY, NY – Mayor Patrick Madden today announced the City of Troy is accepting bids for purchase of available city-owned foreclosed properties. A total of 64 properties are available for sale, including 1 and 2 family homes, and vacant land zoned for residential use. A full list of available foreclosed properties is available on the City Assessor’s Office webpage.

Mayor Madden said, “The sale of foreclosed properties remains one of our most popular programs, helping to return inactive buildings and empty lots to productive use and stabilize neighborhoods impacted by vacancy. We encourage the public to explore the list of available properties available for sale this April.”

The City Assessors’ Office is accepting proposal applications for any of the available properties. Proposals must be delivered by mail to the Office of the City Assessor, 433 River Street, Ste. 5001, Troy New York 12180 by Friday, April 30th at 4:00 pm. Proposals can also be delivered in-person by appointment with the Assessor’s Office. To schedule an appointment, please call (518) 279-7126.

Please note: individuals or entities with outstanding tax liens or open Code Enforcement violations are ineligible to submit bids. Proposals received from those in this category will not be considered.

Open House

14 city-owned properties will be open for public inspection on Wednesday, April 21st, part of the city’s annual foreclosed properties open house program. 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.

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 – 10:00 am

638 Fourth Ave
461 Fourth Ave
31 110th Street
384 Third Ave
871 River Street
3230 Sixth Ave
22 Orr Street

10:30 – 11:30 am

317 Eighth Street
2215 Old Sixth Ave
1437 Fifth Ave
1260 Fifth Ave
8 St Mary’s Ave
468 Second Street
472 First Street

For questions regarding the foreclosed property sale process or specific properties, please contact the Assessor’s Office at (518) 279-7126 or (518) 279-7127 between the hours of 8:30 a.m. and 4:30 p.m., Monday – Friday.

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Press Contact:
John Salka, Communications Director
[email protected] / (518) 279-7131

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