Riverview and Industrie Lofts | 168-170 N Water St
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Riverview and Industrie Lofts 168-170 N Water St
57 Unit Apartment Building $4,900,000 ($85,965/Unit) Rochester, NY 14604
Executive Summary
Benchmark Realty Advisors is pleased to exclusively present this 57-unit, multifamily investment opportunity in the City of Rochester. The property consists of two buildings comprising 82,738 square feet on 0.56 acres. The property was originally constructed in 1882 and underwent a residential conversion in 2015 which features industrial lofts with high ceilings, exposed brick and columns, underground parking, on site laundry and fitness center. New roof in 2023 and elevator modernization in 2024. Value add opportunity for a new owner.
Property Facts
| Price | $4,900,000 | Lot Size | 0.64 AC |
| Price Per Unit | $85,965 | Building Size | 88,518 SF |
| Sale Type | Investment | Average Occupancy | 95% |
| No. Units | 57 | No. Stories | 6 |
| Property Type | Multifamily | Year Built/Renovated | 1882/2015 |
| Property Subtype | Apartment | Parking Ratio | 0.4/1,000 SF |
| Apartment Style | Mid Rise | Opportunity Zone |
Yes
|
| Building Class | B |
| Price | $4,900,000 |
| Price Per Unit | $85,965 |
| Sale Type | Investment |
| No. Units | 57 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.64 AC |
| Building Size | 88,518 SF |
| Average Occupancy | 95% |
| No. Stories | 6 |
| Year Built/Renovated | 1882/2015 |
| Parking Ratio | 0.4/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Storage Space
- Granite Countertops
- Vaulted Ceiling
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Walk-In Closets
- Wheelchair Accessible (Rooms)
- Window Coverings
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Property Manager on Site
- Security System
- Elevator
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Walk Score ®
Very Walkable (83)
Transit Score ®
Excellent Transit (71)
PROPERTY TAXES
| Parcel Number | 261400-106-790-0001-006-001-0000 | Improvements Assessment | $2,468,400 |
| Land Assessment | $96,600 | Total Assessment | $2,565,000 |
PROPERTY TAXES
Parcel Number
261400-106-790-0001-006-001-0000
Land Assessment
$96,600
Improvements Assessment
$2,468,400
Total Assessment
$2,565,000
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Riverview and Industrie Lofts | 168-170 N Water St
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