News: Brokerage

Bucci of Sutton Real Estate brokers $7.3 million sale: 361-bed student housing

College Suites at Cortland, 951 State Route 13 - Cortland, NY College Suites at Cortland, 951 State Route 13 - Cortland, NY

Cortland, NY According to Sutton Real Estate, the firm has completed the sale of College Suites at Cortland, a 361-bed student housing property located at 951 State Rte. 13.

Andréa Bucci, <a class=Sutton Real Estate Company, LLC" width="150" height="150" /> Andréa Bucci, Sutton Real Estate Company, LLC

The transaction was brokered by Andrea Bucci of Sutton for $7.3 million.

Rhamco, LLC, was the seller of the property to the new owner Rose Student Housing, LLC.

Sutton offers brokerage, property management, apartment rental communities, project development, and real estate consulting services in the central new york region. The Sutton Companies were founded in 1933 and have grown to become one of the most successful property management and brokerage firms in Central New York. Sutton consists of approximately 100 employees and independent sales associates committed to delivering high quality property management, brokerage, project development, and real estate consulting services to a diverse client base. Our philosophy is to treat every management and brokerage assignment with the same attention and commitment regardless of the size of the client or property. Many changes in the way property management and brokerage is conducted have taken place since our founding in 1933. Clients are more sophisticated and demand a higher level of knowledge and broader range of services from their real estate professional. For over 70 years The Sutton Companies have met the growing needs of our clients and have evolved into a full service real estate company adapting to the changes in the local and regional real estate environments.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

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,