Troy holds open houses before auctioning off foreclosed properties

July 25, 2019 07:44 PM

TROY  - The city of Troy wants you to help them do something with their blighted properties. That's why they held open houses on Thursday to invite contractors and investors to see what they have to offer.

"These neighborhoods that have a lot of old housing stock and they need guys like me and some of these people that are here today to really get this place going," Joe Johnson said.

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Johnson stopped to check out 7 Park Avenue in Troy, one of about a dozen properties being shown to the public before they're auctioned off.

Though many need a lot of work, Johnson would rather see them rehabbed than demolished.

"You know I grew up in Cohoes and all the time I had these arguments that we're tearing these buildings down and people need to preserve them," he said. "Finally now I'm at an age where I can do that, it feels good. I used to see the machines coming in and claw things down and I'm like there's so much potential."

Eugene Muniz said he saw potential in 53 Oakwood Avenue.

"There's a lot of opportunity in Troy like this building here," Muniz said. "Definitely just want to revitalize the city that I've lived in for over 10 years."

Amy Magur is an Appraisal Aid for the City of Troy's Assessor's Office.

Maygur said City Council will review applications and bids, which are being accepted until August 2.

"It's not always the highest bidder a lot of it has to do with what your plan is, your proof of funds, things like that will be weighed in as well," Magur said.

If you weren't able to make it out to the open houses on Thursday, you may still have a chance to see some of these properties before bidding is closed. You can do that by going to the Assessor's Office and then to the Code Department to try to make an appointment to see some of the properties you may be interested in.

To see a full list of properties being auctioned and the application packet, click here.


Emily Burkhard

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