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Peter Hungerford's The Hungerford Building Acquired By The Hungerford Building LLC For $7.7M In Rochester Sale

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SOLD
$7,720,000

New York

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Office225,000 SF
Sold 04/28/2022
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SOLD

Peter Hungerford's The Hungerford Building Acquired By The Hungerford Building LLC For $7.7M In Rochester Sale

410 North Goodman Street, Rochester, New York 14609, United States

See Similar Deals
Office225,000 SF
Sold 04/28/2022
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$34
Total Square Footage:225,000 SF
Transaction Type:Sale

The Hungerford Building, located at 410 N. Goodman St. in Rochester, was recently sold in a closed transaction. The office property, spanning 225,000 square feet, was purchased for a total price of $7,720,000, resulting in a price per square foot of $34. The sale was facilitated by James Buckley of Endeavor Real Estate Group, representing the seller Maguire Properties Inc., and Peter Hungerford of The Hungerford Building LLC, who acted as the buyer's representative.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $7,720,000
  • Address: 410 N. Goodman St., Rochester
  • Square Footage: 225,000
  • Price Per Square Foot: $34
  • Market: Rochester

After being under contract for several years, the Hungerford Building saw a change in ownership for the first time in over three decades. The buyer, Peter Hungerford, represented by The Hungerford Building LLC, plans to invest millions of dollars into the property. The goal is to transform the turn-of-the-century loft building into a mixed-use development and cultural hub that will enhance its presence in the Rochester market. The Hungerford Building aims to attract thriving co-tenancies and become an integral part of the local community.

Players

James Buckley
5 deals$57.8M volume
BROKER

Peter Hungerford
12 deals$503M volume
BUYER

Details

SOLD
IMAGE: Peter Hungerford & James Buckley DATE: 04/29/2022 ADDRESS: 410 N. Goodman St. MARKET: Rochester ASSET TYPE: Office BUYER: Peter Hungerford - The Hungerford Building LLC SELLER: Maguire Properties Inc. BROKER: James Buckley (@JamesBuckley) - Endeavor Real Estate Group SALE PRICE: $7,720,000 SF: 225,000 ~ PPSF: $34 NOTE FROM BUYER: After a multi-years long contract period, The Hungerford Building traded hands for the first time in over 30 years. PH Realty Capital, in conjunction with an institutional capital partner, purchased this asset & plans to invest millions of dollars into the turn of the century loft building to amplify its presence in the Rochester market as a mixed-use development and cultural hub with thriving co-tenancies.

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