357 Alexander St - Apartments FOR SALE


Rochester, NY 14607- East Avenue
$3,900,000 USD
585-370-7415
357 Alexander St, Rochester, NY for Sale
$3,900,000 USD
Apartments - FOR SALE
1/48
null | 7.31% Cap Rate

357 Alexander St
Rochester, NY 14607
East Avenue


HIGHLIGHTS

  • The Biltmore boasts original marble, hardwood floors and leaded glass. Every unit has been renovated while maintaining hitoric charm.
  • It is within walking distance of restaurants, museums, plays, places of worship, and nightlife.
  • Renovations include new gas cooktops, brand new tiled showers, brand new kitchen cabinets, counters, and appliances.
  • This turnkey operation has potential increased income with renting current storage units as well as building many more on site.

OVERVIEW

This 1920s building in Downtown Rochester is located just down the street from the East End. It is within walking distance of restaurants, museums, plays, places of worship, and nightlife. Every unit in this building has been remodeled to bring it up to current standards while maintaining its historic beauty and charming aesthetic. The Biltmore boasts original marble, hardwood floors, and leaded glass. Renovations include new gas cooktops, brand-new tiled showers, brand-new kitchen cabinets, counters, and appliances, as well as all plumbing upgrades throughout. Potential increased income with lease renewals, renting and building more storage units on site, selling more parking spaces, AC unit monthly charges, and adding more laundry machines.

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$198 USD /SF

# OF UNITS

31

PRICE/UNIT

$125,806

CAP RATE

7.31%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Biltmore

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,924 SF

ZONING

CCD

APN/PARCEL ID

261400-121-260-0001-015-000-0000

ASK ABOUT THIS PROPERTY

Jennifer SilvaroleBiltmore 357, LLCMore Info
585-370-7415

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Jennifer SilvaroleBiltmore 357, LLCMore Info
585-370-7415

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