511-527 State St - Apartments FOR SALE


Rochester, NY 14608- Brown Square
$1,589,000 USD
585-802-3327
511-527 State St, Rochester, NY for Sale
$1,589,000 USD
Apartments - FOR SALE
1/13
null | 10.01% Cap Rate

511-527 State St
Rochester, NY 14608
Brown Square


HIGHLIGHTS

  • Attractive Brick Architecture
  • Renovated Apartments & Office Suites
  • Walkable to Restaurants and Entertainment
  • Sprinklered Building
  • Elevator and electronic entry system

OVERVIEW

Located just minutes from Downtown Rochester, 511-527 State Street offers investors the opportunity to acquire a renovated mixed-use asset with a diverse income stream and strong occupancy. Situated on a .64-acre parcel with access from both State Street and Frankfort Street, the property consists of two buildings totaling 24 units, including office suites, warehouse space, and residential apartments. Originally constructed in 1910 and extensively renovated in 2015, the property features updated office and residential spaces, elevator service, electronic entry systems, and a fully sprinklered environment. Currently occupied by 14 commercial tenants and 8 residential tenants, with two commercial vacancies available for lease-up, the property provides both stable cash flow and upside potential. Its strategic location near Downtown Rochester, Frontier Field, High Falls, Monroe Community College, restaurants, entertainment venues, and public transportation makes it an attractive destination for both businesses and residents.

FOR SALE DETAILS

PRICE

$1,589,000 USD

PRICE/SF

$65 USD /SF

# OF UNITS

24

PRICE/UNIT

$66,208

CAP RATE

10.01%

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Manufacturing, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1910

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

CCD-R

APN/PARCEL ID

261400 106.61-1-40.003

ASK ABOUT THIS PROPERTY

Michael ConroyEXP CommercialMore Info
585-802-3327

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585-802-3327

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