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Charlotte Square 50 Charlotte St 72 Unit Apartment Building For Sale Rochester, NY 14607
INVESTMENT HIGHLIGHTS
- Secure Core Income Stream + Significant Upside Potential
- Demand for Rental Space
- Access to Local Amenities & Demand Drivers
- Stabilized Community in Prime Location Adjacent to Downtown
- Opportunities for NOI Growth
EXECUTIVE SUMMARY
CBRE Upstate NY has been retained as the exclusive broker for the sale of Charlotte Square at the East End, a 72-unit multifamily property in Rochester, New York. The property is located in Rochester‘s East End Neighborhood, one of the City‘s most vibrant and desirable areas. Positioned immediately adjacent to Downtown, the East End offers a walkable, mixed-use environment which has seen significant investment in recent years.
PROPERTY FACTS
| Sale Type | Investment | Building Size | 75,200 SF |
| No. Units | 72 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2016 |
| Apartment Style | Mid-Rise | Parking Ratio | 1.08/1,000 SF |
| Building Class | A | Opportunity Zone |
Yes
|
| Lot Size | 1.28 AC | ||
| Zoning | R-3 | ||
| Sale Type | Investment |
| No. Units | 72 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 1.28 AC |
| Building Size | 75,200 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2016 |
| Parking Ratio | 1.08/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-3 |
AMENITIES
UNIT AMENITIES
- Disposal
- Microwave
- Washer/Dryer
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Island Kitchen
SITE AMENITIES
- 24 Hour Access
- Fitness Center
- Laundry Facilities
- Property Manager on Site
- Grill
- Laundry Service
- Media Center/Movie Theatre
- Bicycle Storage
- Lounge
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 39 | - | 765 - 1,045 |
| 2+1 | 6 | - | 1,025 |
| 2+2 | 21 | - | 1,450 - 1,468 |
| 3+2 | 6 | - | 1,555 |
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Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | 261400 106.81-2-36.002 | Improvements Assessment | $6,795,000 |
| Land Assessment | $305,000 | Total Assessment | $7,100,000 |
PROPERTY TAXES
Parcel Number
261400 106.81-2-36.002
Land Assessment
$305,000
Improvements Assessment
$6,795,000
Total Assessment
$7,100,000
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Charlotte Square | 50 Charlotte St
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