300 Robert Quigley Drive, 173 Bending Creek Road, 80 St Paul Street
Rochester, NY
As exclusive agent, Cushman & Wakefield and Pyramid Brokerage Company are pleased to offer for sale the Suburban Rochester Portfolio, 507 units across two communities located in Monroe County, New York.
The portfolio includes Clearview Farms (310 units) in Scottsville and Little Creek Apartments (197 units) in Gates. Built in the 1970s, the properties feature spacious units averaging 1,002 SF with a proven renovation program already underway — 70 units renovated to date commanding a $231/month average premium at approximately $15,000 per unit, yielding a 20% return on cost.
The portfolio offers stable cash flow with 95%+ occupancy and significant value-add upside, with 86% of units still unrenovated and in-place rents sitting 15–20% below market. The properties benefit from proximity to major employers including the University of Rochester (29,800+ employees), Rochester Regional Health, Wegmans Food Markets HQ, and Rochester Technology Park home to companies such as Kodak Alaris, Citigroup, and Maximus Inc.
The Portfolio is being offered on an individual or portfolio basis. Tours will be scheduled upon request.
• Highly Sought-After Garden-Style Communities with +15% Below Market Rents
• Strong Market Fundamentals with 5-Year Avg. Rent Growth of +4.5%
• Proven Renovation Program with 86% of Units Still Unrenovated
• Stable In-Place Cash Flow with 93% Occupancy Across the Portfolio
• Located in the Thriving Rochester Metro with Top-Ranked Schools and Universities