"Tom and his team are consummate professionals. They guided my husband and I through every step of the investment process."
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San Francisco, CA

"Only Tom provided detailed pro formas, financial analyses, and exhibited tremendous knowledge of the Upstate New York market. We will do business again."
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Fayetteville, NY

"I’ve never even stepped foot in my Rochester properties. Tom set me up with a management company who does everything, most importantly, they deposit the rent checks!"
- Rich Walbroel, Chicago, IL

"When it came time to liquidate our Rochester portfolio of rentals, Tom assisted us in finding qualified buyers and within 30 days we accepted an offer for our portfolio."
- A. Stephenelli,
Rochester, NY

"Thank you all for making this go so smoothly. I have never had a better experience when buying or selling an investment property. Absolutely issue and anxiety free the entire time."
- J. Singh,
Washington, DC

"These guys are pro’s. They gave me advice on how to improve my building to get a better price, they were right."
- Larry C.,
Rochester, NY
 
LOOPNET LISTINGS
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  ---BACK ON THE MARKET----4-family apartment building
  apartment building with excellent cash flow- honest 14 cap
---BACK ON THE MARKET----4-family apartment building   ---BACK ON THE MARKET----4-family apartment building
ADDRESS
251 - 257 Ravine Avenue
Rochester, NY 14613

PRICE    $122,500
PRIMARY USE   
multi family housing

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  -----SOLD----10 unit apartment building and 2 Retail stores
  -----SOLD----Close to University of Rochester - money maker
-----SOLD----10 unit apartment building and 2 Retail stores   -----SOLD----10 unit apartment building and 2 Retail stores
ADDRESS
758-762 Genesee Street
Rochester, NY 14618

PRICE    $288,000
PRIMARY USE   
-----SOLD----MIXED USE - multi-family apartment building, and retail storefronts

PROPERTY DETAILS
-----SOLD----This is a full brick building in excellent condition. There are 10 apartments that are fully rented for $495 - $525 each per month. There are 2 retail store fronts that are fully rented. Retail storefronts have been in place for 15 years, and rents have not increased much. There is room for rental increases. Owner is retiring.
 
GROSS INCOME
$63,060
 
NET INCOME
$30,455
10% vacancy loss has been deducted
8% management fees have been deducted
All Heating and utilities have been deducted
Taxes and $350 per apartment for repairs have been deducted
$3500 for insurance has been deducted
 
CAP RATE
11
YEAR BUILT
1920
 
CAP RATE
11
MORE DETAILS
Building is located 2 blocks from the University of Rochester. Excellent opportunity to attract medical students and college students from the very close local universities and med centers. At the intersection of Genesee St. and Sawyer St. 2 blocks walk from the foot bridge to the University of Rochester. Also 2-blocks away from the large Brooks Landing project. Brooks Landing is a $17.2 million riverfront development project including a 100 room 4 story hotel, 25,000 sf office building, public boardwalk and boat-docking facilities. The pedestrian bridge to the U of R is located within the development. The University will occupy 14,000 sf of office space at the Landing. Potential value surge over the next several years.
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  ----SOLD---- 12 unit apartment building - 100% occupied with $20,400 NOI
  Excellent cash flow - Excellent mechanicals - all brick - new windows and doors
----SOLD---- 12 unit apartment building - 100% occupied with $20,400 NOI   ----SOLD---- 12 unit apartment building - 100% occupied with $20,400 NOI
ADDRESS
49 Pullman Ave
Rochester, NY 14615

PRICE    $209,500
PRIMARY USE   
----SOLD----multi-family apartment building

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