$5,399,000

Estimated payment $36,484/month

Total Views 258
-- Bed
-- Bath
45,000 Sq Ft
$120 Price per Sq Ft

About This Home

A 56 unit, five-building apartment complex is drawing attention after undergoing a major round of improvements. The property, located between Stone Road and Bennington Road, includes 56 apartments spread across five brick buildings with ample parking...........

Built in 1970, the complex totals more than 44,000 square feet of residential space, with a mix of 16 two-bedroom units and 40 one-bedroom units. Over the past year, the property has seen extensive renovations, positioning it as a turnkey opportunity for investors or a modernized community for residents...........

44 of the apartments have been renovated/remodeled, featuring new kitchens, bathrooms, and flooring. Common areas have also been upgraded. Mechanical and structural improvements include 11 brand-new boilers, 10 new water tanks, replacement windows, glass block installations, and new slider doors leading to outdoor decks. The roofs, asphalt shingles with a 30-year life, were replaced about a decade ago...........

The heavy lifting has already been done on this one. It’s rare to find a complex of this size with a Greece zip code where both unit interiors and building systems have been addressed so comprehensively...........

The property tax addresses are 2594–2608 and 2610–2638 Dewey Avenue...........

48 hours notice requested for showings. Showings are week days from 10 to 3. More information including rent roll and expense information available on request. Proof of funds and a bank term sheet from a local commercial bank is requested prior to showings.

Listing Agent

Mark Palazzo

Listing by Rich Realty License #10491202853 Listed on: 10/03/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $92,968

Year Built

  • Built in 1970

Lot Details

  • 1.09 Acre Lot
  • Property fronts a private road
  • Irregular Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 45,000 Sq Ft Home
  • 4-Story Property
  • Basement Fills Entire Space Under The House

Parking

  • No Garage
  • Driveway

Utilities

  • Heating System Uses Gas
  • Hot Water Heating System
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 31
  • Assessor Parcel Number 261400-075-410-0002-031-000-0000

Community Details

Overview

  • 56 Units
  • Town Lt Subdivision

Building Details

  • Operating Expense $74,000
  • Gross Income $700,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$92,968

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Sub Type: Other
  • Property Type: Multi Family
  • Rent Includes: Other, See Remarks
  • Year Built: 1970
  • Lot Features: Irregular Lot, Residential Lot
  • Road Frontage Type: City Street, Main Thoroughfare, Private Road
  • Subdivision Name: Town Lt
  • Directions: Dewey north from Ridge. Property on right
  • Flooring: Other, See Remarks
  • Garage Yn: No
  • Year Built Details: Existing
  • Property Sub Type Additional: Other
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater, See Remarks
  • Basement: Full
  • Basement YN: Yes
  • Stories: 4
  • Stories: 4

Exterior Features

  • Waterfront: No
  • Construction Type: Brick, Frame, Other
  • Exterior Features: Blacktop Driveway

Garage/Parking

  • Parking Features: One Space, No Garage

Utilities

  • Heating: Gas, Hot Water
  • HeatingYN: Yes
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Other, See Remarks
  • Senior Community: No

Schools

  • Junior High Dist: Rochester

Lot Info

  • Parcel Number: 261400-075-410-0002-031-000-0000
  • Lot Dimensions: 1X1
  • Lot Size Sq Ft: 47480.0
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 56
  • Annual Gross Income: 700000.0
  • Annual Operating Expense: 74000.0
  • Number Of Separate Electric Meters: 56

Tax Info

  • Tax Annual Amount: 92968.0
  • Tax Lot: 31

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/03/2025 10/03/25 For Sale $5,399,000 -- $120 / Sq Ft
Source: Upstate New York Real Estate Information Services (UNYREIS)

Source: Upstate New York Real Estate Information Services (UNYREIS)

MLS Number: R1642607

Upstate New York Real Estate Information Services (UNYREIS)