Nick Stageberg Of Black Swan Realty Acquires Meadow Park Apartments In Rochester For $4M

The asset involved in the transaction is a multifamily property located at 412 14th Street in Rochester. The sale price was $4,000,000, with a total of 90 units, translating to a price per unit of $44,444.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,000,000
• Address: 412 14th Street
• Market: Rochester
• Units: 90
• Price Per Unit: $44,444
• Buyer: Nick Stageberg - Black Swan Realty
• Broker: Ryan Spengler - Small Bay Properties

Principal Nick Stageberg of Black Swan Realty stated that the company plans to invest millions in repairs to the acquired Meadow Park Apartments while ensuring the units remain affordable for residents.