
Amherst, NY One Remington LLC has purchased 2491 Wehrle Dr. from Tricor Direct Inc for $9.1 million. The 126,659 s/f industrial manufacturing building is on 8.27 acres.
Richard Schechter, associate real estate broker and David Seider, real estate salesperson for Cushman & Wakefield|Pyramid Brokerage Company Buffalo, represented the seller for the transaction.
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,