Hua Family Office Acquires Pittsford Manor Apartments From Manhattan Investment Group For $7.19M

The property asset involved in this transaction is Pittsford Manor Apartments, a garden style apartment complex featuring 39 units. The property is situated at 3650 Monroe Avenue in the Pittsford market. The sale was completed for a price of $7,190,000, translating to a price per unit of $184,358. The total square footage of the property is 42,350, with a price per square foot of $169.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,190,000
• Buyer: Hua Family Office
• Seller: Manhattan Investment Group
• Broker: James Buckley - Endeavor Real Estate Group (NY)
• Units: 39
• Square Feet: 42,350
• Price per Unit: $184,358
• Price per Square Foot: $169
• Year Built: 1965
• Recent Renovations: 75% of units renovated

The transaction was facilitated by James Buckley, managing principal at Endeavor Real Estate Group. The acquisition marks a new record in the county for the highest sale price per unit for this vintage of multifamily product. The buyer, a west-coast based family office, engaged in this deal with a seller that is an investment group headquartered in New York City. Endeavor's advisory team played a critical role in arranging this transaction.