

Syracuse, NY Hemisphere Holdings Corp. handled the sale and closing of 1265-67 W. Genesee St. The sale price was $615,000.
Richard Will, president of Hemisphere Holdings was the broker in this deal.
The Sacred Heart Apartments is a multifamily property totaling 21 units. Renpro, LLC purchased the property from Richard Flaherty.
The deal closed on February 14, 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,