441-449 Monroe Ave
Rochester, NY 14607
Retail Property For Sale
EXECUTIVE SUMMARY
The JW on Monroe, Rochester NY 14607. 28 Units mixed use brick apartment building. 441 Monroe is 18 apartments and 2 storefronts, 381 Meigs and 385 Meigs are both 4 unit apartment buildings. 4 studio, 18 one bedrooms, 3 two bedrooms, and 1 three bedroom. 3 contiguous properties with 3 separate tax numbers. Substantial upgrades and renovations have been completed. Must be sold as a package. Cap is EXCLUSIVE of management/vacancy and repair assumption.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
16,892 SF
Building Class
C
Year Built
1910
Price
$3,199,000
Price Per SF
$189.38
Cap Rate
7.80%
NOI
$249,522
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.04
Lot Size
0.19 AC
Zoning
C-2 - Community Center - Allows for a variety of commercial development in neighborhood centers and along transportation corridors.
Parking
10 Spaces (0.59 Spaces per 1,000 SF Leased)
Frontage
81’ on Monroe Ave
AMENITIES
- Bus Line
- Corner Lot
- Signalized Intersection
- Tenant Controlled HVAC
- Monument Signage
PROPERTY TAXES
| Parcel Number | 261400-121-500-0003-003-000-0000 | Improvements Assessment | $727,500 |
| Land Assessment | $32,600 | Total Assessment | $760,100 |
