

Clinton, NY Hemisphere Holdings Corp. handled the sale and closing of The Marvin School Apartments.
The property sold for $1.43 million.
The property, located at 7 1/2 Marvin St., contains 16 units. Richard Will, president of Hemisphere Holdings was the broker. The seller was G2N2 Properties LLC.
The transaction closed on June 6, 2022.
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,