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Riverview and Industrie Lofts 168-170 N Water St

57 Unit Apartment Building $7,038,605 CAD ($123,484 CAD/Unit) Rochester, NY 14604

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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.

Riverview Industrie Lofts Brochure

Property Facts

Price	$7,038,605 CAD	Lot Size	0.64 AC
Price Per Unit	$123,484 CAD	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 State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	B

Price	$7,038,605 CAD
Price Per Unit	$123,484 CAD
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 State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.