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Empire Blvd Estates 1550 Empire Blvd 101 Unit Apartment Building For Sale Webster, NY 14580
Investment Highlights
- Full Property Renovation 2025
- Expansion Opportunity for 140 Additional Units
- Attractive Location In Fast Growing Community
Executive Summary
CBRE Upstate NY has been retained as the exclusive broker for the sale of Empire Boulevard Estates, a 101-unit multifamily property in suburban Rochester, New York. The property is located in the Town of Penfield, an affluent bedroom community offering convenient access to numerous local amenities and employment centers. The community is also one of the fastest growing and most attractive locations for new apartments in the metro area. Empire Boulevard Estates is undergoing a complete renovation from its former use as a nursing home with occupancy scheduled to begin in early Q4 2025.
In addition to the units described above, a 7.4 acre expansion parcel is also included in the offering. This parcel is currently master planned to include 140 “Build-to-Rent“ townhouse and patio home units. Please visit www.EmpireBoulevardEstates.com for additional information about this offering.
In addition to the units described above, a 7.4 acre expansion parcel is also included in the offering. This parcel is currently master planned to include 140 “Build-to-Rent“ townhouse and patio home units. Please visit www.EmpireBoulevardEstates.com for additional information about this offering.
Property Facts
| Sale Type | Investment | Building Class | B |
| No. Units | 101 | Lot Size | 16.70 AC |
| Property Type | Multifamily | Building Size | 103,086 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1967/2026 |
| Zoning | MR - MR - Multiple Residence, Town of Penfield | ||
| Sale Type | Investment |
| No. Units | 101 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 16.70 AC |
| Building Size | 103,086 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1967/2026 |
| Zoning | MR - MR - Multiple Residence, Town of Penfield |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Washer/Dryer
- Heating
- Refrigerator
- Oven
- Range
- Tub/Shower
- Wi-Fi
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Elevator
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 29 | - | 680 - 1,092 |
| 1+1.5 | 6 | - | 878 - 1,081 |
| 1+2 | 14 | - | 1,018 - 1,242 |
| 2+1 | 10 | - | 850 - 1,100 |
| 2+2 | 36 | - | 1,018 - 1,417 |
| 3+2 | 6 | - | 1,206 - 1,450 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,832,800 | |
| Land Assessment | $1,257,200 | Total Assessment | $4,090,000 |
Property Taxes
Parcel Numbers
Land Assessment
$1,257,200
Improvements Assessment
$2,832,800
Total Assessment
$4,090,000
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Empire Blvd Estates | 1550 Empire Blvd
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