News: Brokerage

Endeavor Real Estate Group brokers $7.19 million sale of 39 unit multifamily property

Pittsford Manor Apartments - Pittsford, NY

Pittsford, NY Endeavor Real Estate Group negotiated the sale of Pittsford Manor Apartments, a 39-unit garden style apartment complex. The purchaser, a west-coast based family office, and the seller, an investment group headquartered in New York City, traded the property for $7.19 million in a transaction arranged by Endeavor.

The acquisition, at a price per door north of $184,000, represents a new record for the highest sale price per unit for this vintage of multi-family product in the county. Endeavor’s advisory team was led by managing principal James Buckley.

Built in 1965, Pittsford Manor Apartments features two-bedroom apartment units, 75% of which were recently renovated. The property experiences consistent occupancy, strong leasing demand, and has superb site demographics.

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