Rochester's Cornerstone Group breaks ground on $5.5 million project
Seneca Manor, developed by Rochester's Cornerstone Group, Ltd., TRA Development and Arbor Development (formerly Steuben Churchpeople Against Poverty), an affordable 32-unit apartment project on Seneca Rd. broke ground this week. The project includes 12 one-bedroom units, 16 two-bedroom units and four three-bedroom units.
The units are for well-elderly, working families with children, and physically disabled individuals who require handicapped accessible units.
LECESSE Construction is the general contractor. The $5.5 million project was designed by Zausmer Frisch Scruton & Aggarwal and Arbor Development will manage the property.
The project is being financed by partners including USDA Rural Development, NYS Division of Housing and Community Renewal Housing (federal low income housing tax credits and federal stimulus funds), Federal Home Loan Bank and Five Star Bank.
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional