"Tom and his team are consummate professionals. They guided my husband and I through every step of the investment process."
- The Winkler’s,
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."
- M. Stewart,
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

PROPERTY DETAILS
$20,000 of upgrades in 2009!!! new replacement windows (4/09), all new exterior doors (4/09), glass block basement windows (4/09), attic windows, fully painted (4/09) certified LEAD FREE by the city of Rochester. --Back on the market---- 4 family home located in Rochester NY. Excellent rental history, with each of the 4 apartments fetching at least $550 /month. Gross potential income of $26,400. Each apartment has been painted, remodeled, with finished hardwood floors, new bathrooms, new kitchens, lighted ceiling fans in each apartment. 4 working ranges and 4 working refrigerators are included with the property. Off street parking, and detached 4-car garage in rear of fenced in yard for parking or storage for additional income. Very well maintained building, 4 recent high efficiency furnaces (5 years), new roof 2002, new storm windows (2004), new copper water service from street throughout house (2004). Nicest house on the block, very easy to keep rented. Apartments have balconies/porches, large storage lockers in attic. Tenants pay ALL utilities, each apartment is separately metered for gas and electric. Leases in place. Excellent management is in place, and will stay to do a great job for the new owner.
All apartments are rented with paying (and happy) tenants. Some in place for more than a year.
 
GROSS INCOME
$26,400
 
NET INCOME
$15,820 - NOI factors in 7.5% vacancy/loss, and 10% property managemnt fee, as well as trash, insurance, water, and maint fees. NOI is accurate, not a falsely inflated # to sell it.
 
CAP RATE
14% cap
YEAR BUILT
1914
 
SQUARE FOOTAGE
Total of 3800 sq ft
UNIT BREAKDOWN
4 two-bedroom apartments that rent for $550 each
Garage has rented for $100/month in the past, currently being used by owner.

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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

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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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