Syracuse, NY Karen Cannata-LaRocca of Sutton Real Estate Company, LLC. brokered the sale of 1723 Burnet Ave.
The sale price was $125,000.
The seller, Michael Morris, was represented by Sutton, and the buyer was ENA Holdings, LLC.
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,