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Under Contract
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Multifamily

Greece Commons

Greece, NY

720 Units

Built in 1975

Value Add

Investment Highlights

  • 3.26 Percent Assumable Freddie Mac Loan Fixed for 10-Plus Years with Five-Plus Years Interest Only Remaining
  • Over $1 Million Revenue Upside through Loss-to-Lease ($117 Per Unit, Per Month)
  • $9.5 Million in Major Capital Improvements During Current 10-Year Ownership
  • Washer & Dryer Installed in 74 Percent of Units
  • $300 Proven Premium for Fully Renovated Units
  • In the Largest Suburb of Rochester, New York (94,000-Plus Residents)

Exclusively listed by

Broker of Record

John Horowitz

Broker of Record

(212) 430-5100

License(s): NY: 10311204479

New York

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