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216 River St
Troy, NY 12180 Downtown Troy

$1,550 - $5,084 USD/MO

Office For Lease  •  880+ SF

Property Details

  • Property Type Office
  • Year Built 1890
  • Total Building Size 26,313 SF
  • Tenancy Multiple
  • Building Class B
  • Zoning DMU
70 Transit Score
70 Walk Score

6 Spaces Available

Name Space Use Size Rent Details
1st Floor Ste Suite A Office/Retail 1,208 SF $18.97 USD/SF/YR
Prime 1,208 SF retail space at the prominent point of the iconic flat-iron-shaped Rice Building at 5 First Street in downtown Troy.

HIGHLIGHTS
- 1,208 SF at the building's signature point
- Wraparound display windows on two frontages
- Twelve-foot ceilings
- Hudson River views
- Private bathroom in suite
- ADA accessible entry
- Existing buildout in place
- DMU zoning

Base rent = $1,510 per month.

Dramatic display windows wrap the triangular point and continue along both First and River Streets, including windows overlooking the Hudson River. Twelve-foot ceilings, abundant natural light and original Victorian character give the space a presence no conventional storefront can match. It sits directly in the path of the Troy Waterfront Farmers Market, which draws upwards of 15,000 visitors every Saturday morning.

Well suited to boutique apparel and menswear, home goods and design showrooms, galleries, jewelry, wellness studios, and professional or service users. 

Downtown Troy is a growing urban center with a youthful, educated population, a dense concentration of independent retail and dining, and Rensselaer Polytechnic Institute and Russell Sage College within walking distance. Adjoining Suites B and C are also available, for a contiguous 3,088 SF.

Shown by appointment.

  • Date available: Oct 2026
  • Lease term: Negotiable
  • Service type: Plus All Utilities
  • Space Type: Relet
1st Floor Ste Suite B Office/Retail 1,000 SF $18.90 USD/SF/YR
Highly visible 1,000 SF retail space in the iconic flat-iron-shaped Rice Building at 5 First Street in downtown Troy.

Storefront glass along River Street fronts the sidewalk directly in the path of the Troy Waterfront Farmers Market, which draws upwards of 15,000 visitors every Saturday morning. Twelve-foot ceilings and deep natural light carry through the selling floor, and a substantial rear office and storage area gives the layout flexibility that most small storefronts lack.

Base rent: $1,250 per month.

HIGHLIGHTS
- 1,000 SF with River Street storefront exposure
- Twelve-foot ceilings and abundant natural light
- Substantial rear office / storage area
- ADA accessible entry
- Existing buildout in place
- DMU zoning
- Built 1871; five-story, 26,313 SF landmark building

Well suited to boutique apparel and menswear, home goods and design showrooms, galleries, jewelry, wellness studios and professional or service users. 

Downtown Troy is a growing urban center with a youthful, educated population, a dense concentration of independent retail and dining, and Rensselaer Polytechnic Institute and Russell Sage College within walking distance. Adjoining Suites A and C are also available, for a contiguous 3,088 SF.

Shown by appointment.

  • Date available: Oct 2026
  • Lease term: Negotiable
  • Service type: Plus All Utilities
  • Space Type: Relet
1st Floor Ste Suite C Office/Retail 880 SF $21.14 USD/SF/YR
Distinctive 880 SF retail space in the iconic flat-iron-shaped Rice Building at 5 First Street in downtown Troy.

Two large storefront windows face River Street, directly in the path of the Troy Waterfront Farmers Market, which draws upwards of 15,000 visitors every Saturday morning. Twelve-foot ceilings and abundant natural light make the space feel considerably larger than its footprint, and a private basement with bathroom adds storage or back-of-house workspace at no cost to the selling floor.

Base rent: $1,250 per month.

HIGHLIGHTS
- 880 SF with two large River Street display windows
- Twelve-foot ceilings and abundant natural light
- Basement with bathroom for storage or workspace
- ADA accessible entry
- Existing buildout in place
- DMU zoning
- Built 1871; five-story, 26,313 SF landmark building

Well suited to boutique apparel and menswear, home goods and design showrooms, galleries, jewelry, wellness studios, salons and professional or service users.

Downtown Troy is a growing urban center with a youthful, educated population, a dense concentration of independent retail and dining, and Rensselaer Polytechnic Institute and Russell Sage College within walking distance. Adjoining Suites A and B are also available, for a contiguous 3,088 SF.

Shown by appointment.

  • Date available: Oct 2026
  • Lease term: Negotiable
  • Service type: Plus All Utilities
  • Space Type: Relet
2nd Floor Ste Office 2,647 SF $15.00 USD/SF/YR
Located in the iconic Rice Building, this 2nd floor office suite offers 2,647 SF of well-appointed space featuring four enclosed offices—one suitable as a large conference room—plus an open work area highlighted by 12 oversized windows with views of the Hudson River. The space is filled with natural light and includes a convenient kitchenette. Accessible via elevator, this suite is ideal for professional or creative office users seeking a distinctive downtown Troy location.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: Modified Gross
  • Space Type: Relet
3rd Floor Ste Office 4,067 SF $15.00 USD/SF/YR
Located in the iconic Rice Building, this 3rd floor office suite offers 4,067 SF of versatile space featuring six enclosed offices, a storage room, server room, and two large conference rooms—one complemented by a spacious kitchenette. A striking triangular open area at the front of the suite is lined with oversized windows overlooking the Hudson River, filling the space with natural light. Accessible via elevator, this suite is ideal for a range of professional users. Additional office opportunities are available on the 2nd floor (2,647 SF) and 4th floor (3,863 SF).

  • Date available: Now
  • Lease term: Negotiable
  • Service type: Modified Gross
  • Space Type: Relet
4th Floor Ste Office 3,863 SF $15.00 USD/SF/YR
Located in the iconic Rice Building, this 4th floor office suite offers 3,863 SF featuring nine enclosed offices, including a prominent front office with large windows overlooking the Hudson River—ideal as an executive office or small conference room. A rear office with a transom window can serve as an additional meeting space. The suite also includes a small kitchenette and is accessible via elevator. Additional office opportunities are available on the 2nd floor (2,647 SF) and 3rd floor (4,067 SF).

  • Date available: Now
  • Lease term: Negotiable
  • Service type: Modified Gross
  • Space Type: Relet

Description

Position your business in one of downtown Troy’s most architecturally significant landmarks—the Rice Building. This striking five-story, flatiron-shaped Victorian Gothic commercial building, attributed to renowned architects Calvert Vaux and Frederick Clarke Withers, is distinguished by its intricate polychromed masonry and decorative encaustic tile spandrels—an extraordinary backdrop for modern business operations.

Available office spaces span the 2nd, 3rd, and 4th floors, offering flexible configurations from 2,647 SF to a full 10,577 SF. Each floor is characterized by soaring ceilings, expansive windows that flood the interiors with natural light, and inspiring views of the Hudson River. The layouts thoughtfully combine private offices with open-plan areas, making them well-suited for a range of users—from professional services firms to creative studios and collaborative teams. Kitchenettes on each floor provide added convenience for staff and clients alike.

Tenants benefit from full elevator service and easy access to nearby city parking. The adjacent garage offers convenient weekday parking, with free access during evenings and weekends—supporting both traditional office hours and flexible work schedules. Located in the heart of Troy’s vibrant downtown, the property is surrounded by dining, retail, and cultural amenities, creating an engaging environment for employees and visitors.

This is a rare opportunity to lease office space that blends historic character, architectural prestige, and modern functionality in one of the Capital Region’s most desirable urban settings.

Property Flyers

Amenities

  • Bus Line
  • Signage

Major Tenants

Tenant SF Occupied Lease End Date
BCA Architects & Engineers 4/30/2027
Jacob Alejandro
Marcus Blaque 5/31/2022

Public Transportation

AirportDriveWalkDistance
Albany International 14 min - 6.4 mi
Deanna Dal Pos 518-366-0920 NAI Platform
Deanna Dal Pos 518-366-0920 NAI Platform