


Syracuse, NY Andréa Bucci, associate real estate broker at Acropolis Realty Group completed the sale of Hawley Hill Apartments. The sale price was $1.275 million.
Hawley Hill Apartments is located at 1421 Hawley Ave. and Winton St. The subject is comprised of 16 fully-renovated apartments.
Bucci acted on behalf of the seller, Armory Boys 111, LLC and also represented the buyer, Pinnacle Properties LLC.
Financing was provided by Unify Financial Credit Union.
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,