168-170 N Water St - Apartments FOR SALE


Rochester, NY 14604- Downtown Rochester
$4,900,000 USD
585-489-9512
168-170 N Water St, Rochester, NY for Sale
$4,900,000 USD
Apartments - FOR SALE
1/22
null | Request Cap Rate

168-170 N Water St
Rochester, NY 14604
Downtown Rochester


HIGHLIGHTS

  • The Riverview Industrie Lofts at 168-170 N Water Street present a 57-unit, well-maintained apartment building with a covered parking garage.
  • Nestled in Downtown Rochester, an up-and-coming suburb overlooking the Genesee River.
  • The apartments have historically maintained nearly 100% occupancy, and a new investor has additional revenues of potential value-add.
  • Originally built in 1882 and renovated multiple times over the recent years, the Riverview Industrie Lofts are a one-of-a-kind Rochester asset.

OVERVIEW

Benchmark Realty Advisors is pleased to exclusively present this 57-unit multifamily investment opportunity in the City of Rochester. The property consists of two buildings comprising 82,738 square feet on 0.56 acres. It was originally constructed in 1882 and underwent a residential conversion in 2015. The property features industrial lofts with high ceilings, exposed brick and columns, underground parking, on-site laundry, and a fitness center. A new roof was installed in 2023, and an elevator modernization was completed in 2024. This is a value-added opportunity for a new owner.

FOR SALE DETAILS

PRICE

$4,900,000 USD

PRICE/SF

$55 USD /SF

# OF UNITS

57

PRICE/UNIT

$85,965

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Riverview Industrie Lofts

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

1882

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

28,066 SF

ZONING

-

APN/PARCEL ID

261400-106-790-0001-006-001-0000

ASK ABOUT THIS PROPERTY

Adam RooneyBenchmark Realty AdvisorsMore Info
585-489-9512

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Adam RooneyBenchmark Realty AdvisorsMore Info
585-489-9512

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.