Rome, NY According to Richard Will, president of Hemisphere Holdings Corp., the firm has handled the sale of Countryside Apartments.
The property is located at 7108 Rome Oriskany Rd., and contains a total of 24 units. The $695,000 sale closed June 14th.
James Talmadge Properties, LLC was the seller, and Datas Real Assets, LLC was the buyer.
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,