PH Realty Capital & Rockledge Acquire 328-Unit Multifamily Complex In Webster For $29.8M | 185 Country Manor Way | Patrick Salvato, James Buckley | MultiFamily | Sale

Summary

Sale

NEW YORK

MultiFamily

275,894 sqft

PH Realty Capital and Rockledge have partnered to acquire the Country Manor apartment complex in Webster, NY. Located at 185 Country Manor Way, this garden-style multifamily property consists of 328 units. The transaction closed on November 30, 2021, with a sale price of $29,800,000, equivalent to $91,000 per unit. With a total area of 75,894 square feet, the property offers an average of 231 square feet per unit. The sale price per square foot amounts to $392.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $29,800,000
Address: 185 Country Manor Way
Market: Webster

The buyer in this transaction is PH Realty Capital represented by Peter Hungerford and Rockledge represented by David Kaye, Joe Listhaus, Rami Polinsky, and Eli Greenberg. The deal was facilitated by James Buckley and Patrick Salvato from Endeavor Real Estate Group.

PH Realty Capital and Rockledge plan to enhance the value of the property by implementing rent increases across all units and aiming for higher occupancy levels.

Players

All
3

Agents
2
Agencies
1

Patrick Salvato

Real Estate Consultant

$29.8M Sold

James Buckley

Managing Principal

$50.6M Sold

Details

Deal Summary

SOLD

IMAGE: Peter Hungerford & David Kaye DATE: 11/30/2021 ADDRESS: 185 Country Manor Way MARKET: Webster ASSET TYPE: Multifamily BUYER: PH Realty Capital - Peter Hungerford & Rockledge (@RockledgeCRE) - David Kaye, Joe Listhaus, Rami Polinsky & Eli Greenberg BROKER: James Buckley & Patrick Salvato - Endeavor Real Estate Group SALE PRICE: $29,800,000 UNITS: 328 ~ PPU: $90,853 SF: 75,894 ~ PPSF: $392 NOTE FROM BUYER: In partnership with PH Realty Capital, Rockledge is pleased to announce the acquisition of Country Manor. 185 Country Manor Way, is a 328-unit garden apartment complex in Webster, NY. The purchase price was $29,800,000 which equates to $91,000 per unit. PH Realty Capital & Rockledge plan to add value by increasing the monthly rents across all units & raising occupancy levels.

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Address185 Country Manor Way

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