2013 DOWNTOWN HOUSING MARKET REPORT
ROCHESTER DOWNTOWN DEVELOPMENT CORPORATION ________________________________________________________________________________________________________
100 Chestnut Street Suite 1910 Rochester, New York 14604 585-546-6920 Fax: 585-546-4784 E-mail:
[email protected]
www.rochesterdowntown.com
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Published by RDDC 10/7/13
Table of Contents Page No.
Summary & General Trends…………….………………………
3
Residential Market Overview……………………………………
5
2013 Downtown Rental Housing Survey Results: Survey Overview……………………………………………
6
Vacancy & Rental Rates…………………………………...
7
Market Demand……………………………………………
8
Owner Occupied Market Summary……………………………
10
Residential Projects Completed in 2013……………………….
11
Residential Projects Planned or Underway..………………….
12
Building by Building Map & Guide Addendum
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Published by RDDC 10/7/13
SUMMARY & GENERAL TRENDS All across the country, American cities are being revitalized by a trend toward downtown living. Young professionals, students, and wealthy retirees, attracted by a dense, vibrant and walkable environment, are moving back into urban cores. Seeing market opportunity, real estate developers are creating cool loft spaces with architectural character, unparalleled views and modern amenities. In Rochester, a legitimate downtown housing boom has been taking place since 2000. From 20002010, downtown’s residential population grew by 11.5% while overall city population shrunk by 4.2%. Since 2000, 37 buildings have been converted from under-performing commercial uses to trendy lofts and apartments. RDDC estimates that more than 6,000 people are now living downtown. KEY SURVEY FINDINGS Rochester’s downtown housing market is dominated by rental housing, which comprises 96% of all units. Owner-occupied (“for sale”) housing makes up the remaining 4%. Each year, RDDC surveys downtown rental property owners and managers to collect information on vacancy rates, rental rates, and overall market demand. Detailed results of RDDC’s 2013 Downtown Rental Housing Survey are contained in this report beginning on page 6. Key findings include:
The market-rate rental vacancy rate dropped to 4.9%, a 2.3% decrease from figures reported in August 2012. Notably, when the four buildings with the highest vacancy of the 66 buildings surveyed are removed, the vacancy rate drops to 1.9%.
The subsidized rental vacancy rate dropped to 4.0%, a 2.8% decrease from figures reported in August 2012.
The wide variety of housing options downtown is reflected in a market-rate rent range that spans from $360 to $3,100 per month.
Property managers indicate that market demand remains strong: 75% reported that vacant units are filled in less than one month; 58% report there are more applicants than units available; and 65% believe the demand for downtown rental housing is higher than three years ago.
According to property managers, demand for 1 bedroom units remains the strongest, an opinion that is supported by the low vacancy rates for both market-rate and subsidized 1 bedroom units.
Property managers identify young professionals and students as the groups with the strongest leasing interest.
Property managers indicate that the top three most requested amenities are parking (offstreet/on-site), laundry (in-unit/on-site) and utilities (included in the rent).
NEW DEVELOPMENT PROJECTS New residential projects already completed in 2013 (as of 10/1/13) include the Bridge Square Lofts, Academy Building, and Windsor Gate Townhomes. In addition, more housing was added to existing units in the Knowlton Building. Read more about these projects on pages 11-12. RDDC is tracking a 3|Page
Published by RDDC 10/7/13
total of 14 residential projects that are planned or under construction as of September 2013. It is estimated that these projects will add 667 new and 325 substantially rehabilitated housing units to downtown’s inventory, and another 1,200 new residents to the downtown population. More information about these pipeline projects can be found beginning on page 12. HOUSING DEVELOPMENT IMPACTS A strong downtown housing market is having a significant, positive effect on the whole marketplace. New housing projects and residential conversions are helping to grow and stabilize the center city, and continued conversion of marginal commercial buildings is helping to rightsize the office space market. National experts advise that “retail follows rooftops”. The retail and services markets will respond positively to a center city with increased demand generated by a growing residential base. More shops, restaurants, and nightlife will create greater street vitality. RDDC is tracking $743 million in downtown development investment in 2013, including transformative public and private projects planned and underway. These investments, combined with a growing residential housing market, create a brighter picture for downtown Rochester than has been seen in a long time. SPECIAL FEATURES IN 2013 REPORT A Building by Building Map & Guide for residential housing has been added as a new feature in the 2013 report. The listing includes the following information for each rental property with more than four units: building address, building name (if applicable), photo, neighborhood, leasing contact information, number of units, unit types & size, and 2013 vacancy & rent rates (if available). Each property is assigned a “Map ID” number to help locate it geographically.
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RESIDENTIAL MARKET OVERVIEW RDDC tracks the downtown housing market, which now includes the area within the Inner Loop plus High Falls, Upper East End, Alexander Park, and part of Corn Hill. The map below shows the geographic boundary of downtown, and the aerial map in the Building by Building Map & Guide addendum shows the locations of residential properties that are included in RDDC’s market tracking.
The chart below provides the overall market figures for the downtown housing market, including the current estimate of the number of people living downtown. This figure is based upon the vacancy rates gained through the 2013 Downtown Rental Housing Survey, as well as an estimate of 1.8 persons per household. Housing Type
Number of % of Market Units
2013 Occupancy
Estimated Population
Rental Housing Market-Rate Subsidized/Affordable
2,487 897
71% 25%
95.1% 96.0%
4,257 1,550
Owner-Occupied Housing
126
4%
100.0% *
227
TOTAL
3,510
100%
95.5%
6,034
* Assumed
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Published by RDDC 10/7/13
2013 DOWNTOWN RENTAL HOUSING SURVEY RESULTS RDDC surveys downtown residential property owners and managers on an annual basis to collect information on vacancy and rental rates, as well as overall market demand. The 2013 Downtown Rental Housing Survey reflects data and vacancy rates collected in July 2013. A total of 70 buildings participated, which represents 82% of the total units in the downtown rental market. Number of Units TOTAL RENTAL UNITS RESPONDING Market-Rate Subsidized/Affordable
Number of Bldgs
% of Market
2,782
70
82%
1,885 897
65 5
76% 100%
The following is a summary of key survey findings:
The market-rate rental vacancy rate dropped to 4.9%, a 2.3% decrease from figures reported in August 2012. Notably, when the four buildings with the highest vacancy of the 66 buildings surveyed are removed, the vacancy rate drops to 1.9%.
The subsidized rental vacancy rate dropped to 4.0%, a 2.8% decrease from figures reported in August 2012.
The wide variety of housing options downtown is reflected in a market-rate rent range that spans from $360 to $3,100 per month.
Property managers indicate that market demand remains strong: 75% reported that vacant units are filled in less than one month; 58% report there are more applicants than units available; and 65% believe the demand for downtown rental housing is higher than three years ago.
According to property managers, demand for 1 bedroom units remains the strongest, an opinion that is supported by the low vacancy rates for both market-rate and subsidized 1 bedroom units.
Property managers identify young professionals and students as the groups with the strongest leasing interest.
Property managers indicate that the top three most requested amenities are parking (offstreet/on-site), laundry (in-unit/on-site) and utilities (included in the rent).
Detailed survey results are contained in the sections that follow.
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VACANCY & RENTAL RATES Aug 2012
Change, 2012-13
4.9% 4.0%
7.2% 6.8%
-2.3% -2.8%
RENTAL VACANCY RATES Market-Rate Subsidized/Affordable
July 2013
Survey results for Market-Rate rental units are broken down by neighborhood and unit size as follows:
MARKET RATE TOTAL NEIGHBORHOOD: Cascade District Corn Hill East End/Upper East End Four Corners Grove Place High Falls Manhattan Square & Washington Square Park Alexander Park St. Joseph’s Park St. Paul Quarter
UNIT SIZE: Studio 1 Bedroom 2 Bedroom 3 Bedroom
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Total Units Surveyed
Number Vacant
Vacancy Rate
Rent Range
1,885
92
4.9%
$360-3,100
54 227 377 86 82 30 253
0 7 14 23 0 1 8
0.0% 3.1% 3.7% 26.7% 0.0% 3.3% 3.2%
$995-2,200 $750-2,075 $400-2,420 $500-3,100 $425-1,720 $525-1,900 $655-2000
387 39 350
23 1 15
5.9% 2.6% 4.3%
$360-1,200 $455-790 $450-2,175
311 950 535 57
28 43 24 1
9.0% 4.5% 4.5% 1.8%
$360-1,175 $450-1,550 $575-2,450 $695-3,100
Published by RDDC 10/7/13
Survey results for Subsidized/Affordable rental units are broken down by neighborhood and unit size as follows: Total Units Surveyed SUBSIDIZED/AFFORDABLE TOTAL NEIGHBORHOOD: Cascade District Corn Hill East End/Upper East End Four Corners Grove Place High Falls Manhattan Square & Washington Square Park Alexander Park St. Joseph’s Park St. Paul Quarter
UNIT SIZE: Studio 1 Bedroom 2 Bedroom 3 Bedroom
Number Vacant
Vacancy Rate
Rent Range
897
36
4.0%
$408-1,090
-----77 326
-----7 20
-----9.0% 6.1%
$525-$1,090 $408-1,024
--494
--9
--1.8%
$839-$1,046
182 556 129 6
4 15 17 0
2.2% 2.7% 13.2% 0.0%
$408-839 $513-898 $728-1,090 $855-1,024
MARKET DEMAND A total of 40 property managers/owners completed the market demand questions in the 2013 Downtown Rental Housing Survey. The following results represent their collective view of the market. QUESTION: Indicate the average length of time it takes to lease a unit in this building:
Less than 1 month 2- 3 months 4-5 months 6+ months No response 8|Page
Number of Respondents 30 6 1 1 2
Percent of Respondents 75% 15% 2.5% 2.5% 5% Published by RDDC 10/7/13
QUESTION: How would you describe current unit demand?
MORE applicants than units available FEWER applicants than units available EQUAL number of applicants to units available No response
Number of Respondents 23 3 13 1
Percent of Respondents 58% 7.5% 33% 2.5%
QUESTION: How would you rate rental demand downtown compared to three years ago?
Higher Lower No change No response
Number of Respondents 26 1 12 1
Percent of Respondents 65% 2.5% 30% 2.5%
QUESTION: How has tenant turnover changed compared to three years ago?
Higher Lower No change No response
Number of Respondents 5 13 20 2
Percent of Respondents 13% 33% 50% 5%
QUESTION: Rate market demand by number of bedrooms (leave blank if not applicable):
Studio 1-Bedroom 2-Bedrooms 3-Bedrooms
Number of Respondents 22 37 32 14
Low Demand 4.5% 0% 6.3% 57%
Medium Demand 36% 19% 41% 21%
High Demand 59% 81% 53% 21%
QUESTION: Rate the level of leasing interest/demand by the following groups:
Students Young professionals Empty nesters/retirees Families with children Suburban transplants 9|Page
Number of Respondents 36 37 36 35 36
Low Demand 19% 2.7% 50% 86% 42%
Medium Demand 33% 22% 33% 14% 50%
High Demand 47% 76% 17% 0% 8.3%
Published by RDDC 10/7/13
QUESTION: List the 3 most requested/asked about amenities that renters are seeking: Number of Responses 29 15 10 8 6 4 3 3 2 2 82
Percent of Responses 35% 18% 12% 9.8% 7.3% 4.9% 3.7% 3.7% 2.4% 2.4%
Parking (off-street/on-site) Laundry (in-unit/on-site) Utilities included Internet/Cable/Wifi Building safety Air conditioning Hardwood floors Storage Updated kitchen/bath Pet friendly TOTAL: Note: 1) The results reflected in this chart are based on the answers of 31 respondents; 2) Amenities that had only one response are not included
OWNER-OCCUPIED HOUSING MARKET Owner-occupied (“for sale”) housing represents approximately 4% of the downtown housing market. The availability of owner-occupied housing has been slowly creeping upward over the last decade, beginning with Sagamore on East (2005) and continuing more recently with the addition of Capron Street Lofts (2011), North Plymouth Terrace (2012), and Windsor Gate Townhomes (2013). Still, the growth in rental housing units has far outpaced the growth of owner-occupied housing, and so it remains a small segment of the market. Whether there is strong demand for more owner-occupied housing downtown is not clear. The two most recent owner-occupied projects to come online, both “custom build” new construction projects, have experienced mixed success. The following question that was asked of property managers on the 2013 Downtown Rental Housing Survey also showed mixed results: Do you believe there is an increasing demand for owner-occupied housing downtown?
Yes No No response
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Number of Respondents 18 19 3
Percent of Respondents 45% 48% 7.5%
Published by RDDC 10/7/13
Interestingly, public demand for owner-occupied housing made an appearance in the results of the City of Rochester’s recent Center City Master Plan Survey. When asked about downtown, “What should be the priority focus for the City, in partnership with the development community?”, owner-occupied housing options came in fourth:
See the Building by Building Map & Guide at the end of this report for a complete list of downtown owner-occupied properties with four or more units.
RESIDENTIAL PROJECTS COMPLETED IN 2013 (as of 10/1/13)
Bridge Square Lofts, $6.7 M., conversion of a former school building in the Cascade District to 24 loft-style units and Passero Associates headquarters. The units began leasing in January 2013, quickly filled, and by July 2013, the property manager reported no vacancies.
Academy Building, $6 M., conversion of historic building in the Four Corners area to 21 loft-style apartments and commercial restaurant space on the first floor. The rent rates for these high end luxury apartments range from $1,300-$3,100 per month. 11 | P a g e
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Windsor Gate Townhomes, new construction of five 2,300 square foot “custom build” townhomes in the historic Grove Place Neighborhood. The units quickly sold for asking prices beginning at $379,000.
Knowlton Building, six additional loft apartments added (bringing the total number to 20) to a previously converted building in the Cascade District. Rent rates for the high end lofts range from $1,550 – 2,200 per month.
RESIDENTIAL PROJECTS PLANNED OR UNDERWAY CONVERSION PROJECTS:
The Tower at Midtown, $54.5 M., Buckingham Properties and Morgan Management plan to convert the 17-story Midtown Tower to mixed-use with 182 market-rate apartments and100,000 square feet of commercial space on the lower floors.
250 East Avenue, $1.6 M., conversion to two residential units in the East End neighborhood.
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Temple Building, $2.6 M., conversion of an additional four floors of office space to 31 loft apartments in the Midtown and East End neighborhoods.
350 State Street, $517,000, conversion of former commercial building to 3 apartment units and three storefronts in the High Falls neighborhood.
Mills at High Falls, Phase III, conversion of the former Rochester Plumbing Supply building to 14 apartments in the High Falls neighborhood.
The Hive @ 155, conversion of a former commercial building to 20 artist work/live units in the St. Paul Quarter neighborhood.
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Sibley Building, $150 – 200 M., Winn Companies purchased the 1 million square foot building in 2012 and plans to develop into multiuse property including high-end luxury as well as senior living apartments.
Cox Building, $18 M., developer in the process of purchasing the building in the St. Paul Quarter, with plans to rehab for multi-use, including 70 loft apartments.
YWCA Apartments, $4.9 M., Plan to convert office and clinic space to 14 new apartments that will offer permanent supportive housing to women and children.
NEW CONSTRUCTION PROJECTS:
Alexander Park (Phase III), ($100 M. for Phases I - III), new construction lifestyle center including 250+ housing units in growing Alexander Park neighborhood.
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Riverfront Luxury Housing, $20 M., Morgan Management announced that it plans to purchase a parcel of land along South Avenue to build a 100-unit luxury apartment complex that overlooks the Genesee River.
North Plymouth Terrace, $7 M., two-phased construction of 24 new for sale townhomes and a commercial building in the Cascade District. 10 townhomes were built in 2012, and the remaining 14 will be added in Phase II.
MAJOR REHABILITATION PROJECTS:
One Eleven on East, $8.9 M., DVD Ventures purchased this East End building in 2012 and is in the process of renovating the entire building, including all of its 245 apartment units.
Alexandrian Apartments, $5.5 M., East End building purchased by Mark IV Enterprises in 2012. A gut renovation of the building and its 76 apartments has just begun and is expected to take a year.
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BUILDING BY BUILDING MAP & GUIDE A building by building map & guide for downtown residential properties is a new feature of this yearly report. Each property is assigned a “Map ID” number to easily locate it geographically. The first page of the guide contains all owner-occupied (“for sale”) properties, and the remainder contains the following information for each rental property (with 4+ units):
Building address & name (if applicable) Neighborhood in which the building is located Leasing contact information Total number of units, unit types & size 2013 vacancy & rent rates (if available)
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DOWNTOWN RESIDENTIAL PROPERTY MAP (MAP NUMBERS REFER TO PROPERTIES LISTED ON PAGES THAT FOLLOW)
Owner Occupied/ For Sale Properties
Rental Properties
97 98 95
51
71
57
94
70
90
75 76
21 20
77
45
66
3 65
19
58
64
93 92
55 52 53
5 100
56 54
34
73 91
44
7
37
36
96 41 18 39
2
30
69
31
40
14
33
15
32 74 28
29
4 43
78
38
99 28
68
89
46 26 25
88 1 6
22
79
35
42
82
72
50 16
48
84
10 11
23 60 17
80 9
13 86
12
8 61
16
59
67
47
27
24
85
49
81
87
62 86
63 83
OWNER OCCUPIED (“FOR SALE”) DOWNTOWN RESIDENTIAL PROPERTIES
Capron Street Lofts 1 Capron Street Washington Square Neighborhood
Total Units: 20 Unit Type: Lofts, Condominium Min Assessment: $145,000 Max Assessment: $298,000 Unit Size Range: 952-2,522 SF Map ID: 1
Sagamore on East 130 East Avenue East End Neighborhood
Total Units: 22 Unit Type: Condominium Min Assessment: $304,000 Max Assessment: $629,000 Unit Size Range: 2,182-3,336 SF Map ID: 2
145 Gibbs 145 Gibbs Street Grove Place Neighborhood
Total Units: 7 Unit Type: Townhomes Min Assessment: $320,000 Max Assessment: $367,000 Unit Size Range: 1,962-3,037 SF Map ID: 3
North Plymouth Terrace 21 North Plymouth Avenue Four Corners Neighborhood
Total Units: 10 Unit Type: Townhomes Min Assessment: $84,000 Max Assessment: $84,000 Unit Size Range: 1,798 SF Map ID: 4
10 Selden 10 Selden Street Grove Place Neighborhood
Total Units: 8 Unit Type: Townhomes Min Assessment: $194,000 Max Assessment: $298,000 Unit Size Range: 1,989-2,501 SF Map ID: 5
Union Lafayette Townhomes 94-100 South Union Street Alexander Park Neighborhood
Total Units: 4 Unit Type: Townhomes Min Assessment: $240,000 Max Assessment: $250,000 Unit Size Range: 1,920 SF Map ID: 6
Windsor Gate Townhomes 109-125 University Avenue & 65 Windsor St. Grove Place Neighborhood
Total Units: 5 Unit Type: Townhomes Min Assessment: $379,000 Max Assessment: $640,000 Unit Size Range: 2,355-2,452 SF Map ID: 7
NOTES: Properties sorted by Street Name; property assessment figures obtained from the City of Rochester’s online Geographic Information System
DOWNTOWN RESIDENTIAL RENTAL PROPERTIES
264 Alexander Street 264 Alexander Street Alexander Park Neighborhood Contact: Marcy Jensen Phone: 585-647-6116 www.flowercitymanagement.com
223 Alexander Street 223 Alexander Street Alexander Park Neighborhood Contact: N/A Phone: N/A
The Grand Alexander 268 Alexander Street Alexander Park Neighborhood Contact: Marcy Jensen Phone: 585-647-6116 www.flowercitymanagement.com
272 Alexander Street 272 Alexander Street Alexander Park Neighborhood Contact: Marcy Jensen Phone: 585-647-6116 www.flowercitymanagement.com
274 Alexander Street 274 Alexander Street Upper East End Contact: Marcy Jensen Phone: 585-647-6116 www.flowercitymanagement.com
Normandie Apartments 241 & 253 Alexander Street Alexander Park Neighborhood Contact: Timothy Foster Phone: 585-232-2600 ex.106
The Biltmore 357 Alexander Street Upper East End Contact: Alyssa Marvin Phone: 585-697-0301 www.realtyperformancegroup.com Properties sorted by Street Name
Total Units: 6 Units Vacant (2013): 1 Unit Type: Apartments Unit Size: Studio, 1 bdrm Rent Range: $575-$725 Map ID: 8 Total Units: 7 Units Vacant (2013): N/A Unit Type: N/A Unit Size: N/A Rent Range: N/A Map ID: 9 Total Units: 40 Units Vacant (2013): 0 Unit Type: Apartments Unit Size: 1 bdrm, 2bdrm Rent Range: $600-$900 Map ID: 10 Total Units: 5 Units Vacant (2013): 0 Unit Type: Apartments Unit Size: 1 bdrm, 2 bdrm Rent Range: $700-$875 Map ID: 11 Total Units: 12 Units Vacant (2013): 0 Unit Type: Apartments Unit Size: 1 bdrm, 2bdrm Rent Range: $635-$1,100 Map ID: 12 Total Units: 216 (180 leasable in 2013) Units Vacant (2013): 17 Unit Type: Apartments Unit Size:Studio,1 bdrm,2 bdrm,3 bdrm Rent Range: $410-$1,200 Map ID: 13 Total Units: 31 Units Vacant (2013): N/A Unit Type: N/A Unit Size: N/A Rent Range: N/A Map ID: 14
DOWNTOWN RESIDENTIAL RENTAL PROPERTIES
East End Apartments 325 & 345 Alexander Street East End Neighborhood Contact: Alyssa Marvin Phone: 585-697-0867 www.realtyperformancegroup.com
Medical Arts Building 277 Alexander Street East End Neighborhood Contact: Marcy Jensen Phone: 585-647-6116 www.flowercitymanagement.com
Apts at Alexander Park 215-270 Alexander/Priem Street Alexander Park Neighborhood Contact: Courtney Wilson Phone:585-287-5850 www.buckprop.com
Buckingham Commons 85 Allen Street Four Corners Neighborhood Contact: Courtney Wilson Phone: 585-287-5850 www.buckprop.com
Stoll Building 239 Andrews Street St. Paul Quarter Contact: Ann Cilino Phone: 585-266-3696 www.aliamanagement.com
Hive Andrews 214 Andrews Street St. Paul Quarter Contact: Dan Morgenstern Phone: 585-413-4306 www.hiveprop.com
Kirstein Building 242 Andrews Street St. Paul Quarter Contact: Cindy Lowenguth Phone: 585-738-2100 Properties sorted by Street Name
Total Units: 78 Units Vacant (2013): N/A Unit Type: Apartments Unit Size: Studio, 1 bdrm, 2 bdrm Rent Range: $515-$675 (2012 rates) Map ID: 15 Total Units: 40 Units Vacant (2013): 1 Unit Type: Apartments Unit Size: 1 bdrm, 2 bdrm Rent Range: $875-$2,000 Map ID: 16 Total Units: 45 Units Vacant (2013): 1 Unit Type: Apartments Unit Size: Studio, 1 bdrm, 2 bdrm Rent Range: $360-$1,000 Map ID: 17 Total Units: 36 Units Vacant (2013): 0 Unit Type: Lofts Unit Size: 1 bdrm Rent Range: $875-$1,250 Map ID: 18 Total Units: 12 Units Vacant (2013): 0 Unit Type: Apartments Unit Size: 1 bdrm, 2 bdrm Rent Range: $545-$595 Map ID: 19 Total Units: 12 Units Vacant (2013): 0 Unit Type: Apartments, Lofts Unit Size: 1 bdrm, 2 bdrm Rent Range: N/A Map ID: 20 Total Units: 30 Units Vacant (2013): 0 Unit Type: Lofts Unit Size: 1 bdrm, 2 bdrm Rent Range: $950-$1,300 Map ID: 21
DOWNTOWN RESIDENTIAL RENTAL PROPERTIES
21-27 Buena Place 21-27 Buena Place Alexander Park Neighborhood Contact: Erica Call Phone: 585-672-5370 www.rentrochesterapartments.com
30-32 Buena Place 30 Buena Place Alexander Park Neighborhood Contact: N/A Phone: N/A
37 Buena Place 37 Buena Place Alexander Park Neighborhood Contact: N/A Phone: N/A
33-35 Buena Place 33 Buena Place Alexander Park Neighborhood Contact: N/A Phone: N/A
17 Canfield Place 17 Canfield Street Alexander Park Neighborhood Contact: N/A Phone: N/A
22-24 Canfield Place 22 Canfield Place Alexander Park Neighborhood Contact: N/A Phone: N/A
Knowlton Building 69 Cascade Drive Cascade District Contact: John Loftus Phone: 585-755-4560 www.cascadeprops.com Properties sorted by Street Name
Total Units: 18 Units Vacant (2013): 0 Unit Type: Apartments Unit Size:Studio,1 bdrm,2 bdrm,3 bdrm Rent Range: $395-$800 Map ID: 22 Total Units: 4 Units Vacant (2013): N/A Unit Type: N/A Unit Size: N/A Rent Range: N/A Map ID: 23 Total Units: 7 Units Vacant (2013): N/A Unit Type: N/A Unit Size: N/A Rent Range: N/A Map ID: 24 Total Units: 9 Units Vacant (2013): N/A Unit Type: N/A Unit Size: N/A Rent Range: N/A Map ID: 25 Total Units: 4 Units Vacant (2013): N/A Unit Type: N/A Unit Size: N/A Rent Range: N/A Map ID: 26 Total Units: 4 Units Vacant (2013): N/A Unit Type: N/A Unit Size: N/A Rent Range: N/A Map ID: 27 Total Units: 20 Units Vacant (2013): 0 Unit Type: Lofts Unit Size: Studio,1 bdrm, 2 bdrm Rent Range: $1,000-$2,200 Map ID: 28
DOWNTOWN RESIDENTIAL RENTAL PROPERTIES
Cascade Building Lofts 72 Cascade Drive Cascade District Contact: John Loftus Phone: 585-755-4560 www.cascadeprops.com
188-190 Charlotte Street 188 Charlotte Street Upper East End Contact: N/A Phone: N/A
194-198 Charlotte Street 194 Charlotte Street Upper East End Contact: N/A Phone: N/A
Chestnut Plaza 50 Chestnut Street East End Neighborhood Contact: Tracy Bill Phone: 585-454-5440
Gibbs Place 35 Chestnut Street East End Neighborhood Contact: Mike Twentyfive Phone: 585-200-1402 Www.equisourcefinancial.com
Windsor Lofts 484 E. Main Street Grove Place Neighborhood Contact: John Nolan Phone: 585-750-2045
Corn Hill Apartments & Townhomes 715 Clarissa Street Corn Hill Neighborhood Contact: Kathleen Beckwith Phone: 585-325-1860 www.cornhilltownhouses.com Properties sorted by Street Name
Total Units: 4 Units Vacant (2013): 0 Unit Type: Lofts Unit Size: 1 bdrm Rent Range: $1,250-$1,400 Map ID: 29 Total Units: 4 Units Vacant (2013): N/A Unit Type: N/A Unit Size: N/A Rent Range: N/A Map ID: 30 Total Units: 6 Units Vacant (2013): N/A Unit Type: N/A Unit Size: N/A Rent Range: N/A Map ID: 31 Total Units: 23 Units Vacant (2013): 0 Unit Type: Apartments Unit Size: Studio Rent Range: $400 Map ID: 32 Total Units: 50 Units Vacant (2013): 11 Unit Type: Apartments Unit Size: Studio, 1 bdrm Rent Range: $545-$575 Map ID: 33 Total Units: 24 Units Vacant (2013): 0 Unit Type: Lofts Unit Size: N/A Rent Range: $600-$1300 Map ID: 34 Total Units: 95 Units Vacant (2013): 0 Unit Type: Apartments, Townhomes Unit Size: 1 bdrm, 2 bdrm, 3 bdrm Rent Range: $790-$1,275 Map ID: 35
DOWNTOWN RESIDENTIAL RENTAL PROPERTIES
University Place 328 E. Main Street East End Neighborhood Contact: Samantha Aviles Phone:585-546-2240 www.rentuniversityplace.com
516-522 East Main 522 E. Main Street East End Neighborhood Contact: Patrick Dutton Phone: 585-704-1546
Midtown Manor 475 E. Broad Street Manhattan Square Neighborhood Contact: Shelly Bryant Phone: 585-546-3650
One Eleven on East 111 East Avenue East End Neighborhood Contact: Julia Loson Phone: 585-232-1700
200 East Ave Apts. 200 East Avenue East End Neighborhood Contact: Jeff Clinkscales Phone: 585-325-7940 Www.200eastavenue.com
2 East End Way 2 East End Way East End Neighborhood Contact: Kathy Capierseho Phone: 585-442-9061 www.sternproperties.com
Corn Hill Landing 250 Exchange Boulevard Corn Hill Neighborhood Contact: Maura Hayward Phone: 585-325-7166 Properties sorted by Street Name
Total Units: 86 Units Vacant (2013): 0 Unit Type: Apartments Unit Size: Studio, 1 bdrm, 2 bdrm Rent Range: $735-$1,035 Map ID: 36 Total Units: 6 Units Vacant (2013): 0 Unit Type: Apartments Unit Size: Studio, 1 bdrm Rent Range: $475-$550 Map ID: 37 Total Units: 200 (subsidized) Units Vacant (2013): 9 Unit Type: Apartments Unit Size: Studio, 1 bdrm Rent Range: $408-$628 Map ID: 38 Total Units: 231 (180 leasable in 2013) Units Vacant (2013): N/A Unit Type: Apartments Unit Size: N/A Rent Range: $600-$1500 Map ID: 39 Total Units: 77 Units Vacant (2013): 1 Unit Type: Apartments, Townhomes Unit Size: 1 bdrm, 2 bdrm Rent Range: $1,230-$1,575 Map ID: 40 Total Units: 9 Units Vacant (2013): 0 Unit Type: Apartments Unit Size: Studio, 1 bdrm Rent Range: $660-$925 Map ID: 41 Total Units: 125 Units Vacant (2013): 7 Unit Type: Apartments Unit Size:Studio,1 brdm,2 bdrm,3 bdrm Rent Range: $775-$2,075 Map ID: 42
DOWNTOWN RESIDENTIAL RENTAL PROPERTIES
44 Exchange 44 Exchange Boulevard Four Corners Neighborhood Phone:585-546-6190 www.44exchange.com
Temple Building 14 Franklin Street East End Neighborhood Contact: Paul Tuttle Phone: 585-381-1500 www.templebuilding.com
Franklin St. Apartments 132 Franklin Street St. Joseph’s Park Neighborhood Contact: Dimitri Stefanou Phone: 585-328-1114 www.stefanourealtors.com
15 Gardiner Park 15 Gardiner Park Alexander Park Neighborhood Contact: N/A Phone: N/A
19 Gardiner Park 19 Gardiner Park Alexander Park Neighborhood Contact: N/A Phone: N/A
47-49 Gardiner Park 47 Gardiner Park Alexander Park Neighborhood Contact: N/A Phone: N/A
34 Gardiner Park 34 Gardiner Park Alexander Park Neighborhood Contact: N/A Phone: N/A Properties sorted by Street Name
Total Units: 24 Units Vacant (2013): 3 Unit Type: Apartments Unit Size: 1 bdrm, 2 bdrm Rent Range: $750-$1,100 Map ID: 43 Total Units: 51 Units Vacant (2013): 1 Unit Type: Lofts Unit Size: Studio, 1 bdrm, 2 bdrm Rent Range: $820-$2,365 Map ID: 44 Total Units: 13 Units Vacant (2013): N/A Unit Type: Apartments Unit Size: N/A Rent Range: N/A Map ID: 45 Total Units: 4 Units Vacant (2013): N/A Unit Type: N/A Unit Size: N/A Rent Range: N/A Map ID: 46 Total Units: 5 Units Vacant (2013): N/A Unit Type: N/A Unit Size: N/A Rent Range: N/A Map ID: 47 Total Units: 5 Units Vacant (2013): N/A Unit Type: N/A Unit Size: N/A Rent Range: N/A Map ID: 48 Total Units: 6 Units Vacant (2013): N/A Unit Type: N/A Unit Size: N/A Rent Range: N/A Map ID: 49
DOWNTOWN RESIDENTIAL RENTAL PROPERTIES
42-44 Gardiner Park 42 Gardiner Park Alexander Park Neighborhood Contact: N/A Phone: N/A
172-174 Gibbs Street 172 Gibbs Street Grove Place Neighborhood Contact: Michael Lebowitz Phone: 585-721-4391
168 Gibbs Street 168 Gibbs Street Grove Place Neighborhood Contact: N/A Phone: N/A
131-133 Gibbs 131-133 Gibbs Street Grove Place Neighborhood Contact: Lars Rosenquist Phone: 585-442-3551
123-125 Gibbs 123-125 Gibbs Street Grove Place Neighborhood Contact: Paul & Kathy Tuttle Phone: 585-739-3831
153 Gibbs Street 153 Gibbs Street Grove Place Neighborhood Contact: N/A Phone: N/A
Rochester Townhomes 128-152 Gibbs & Selden Street Grove Place Neighborhood Contact: John Trickey Phone: 585-415-4466 Properties sorted by Street Name
Total Units: 6 Units Vacant (2013): N/A Unit Type: N/A Unit Size: N/A Rent Range: N/A Map ID: 50 Total Units: 4 Units Vacant (2013): 0 Unit Type: Apartments Unit Size: 1 bdrm Rent Range: $600-$700 Map ID: 51 Total Units: 6 Units Vacant (2013): N/A Unit Type: N/A Unit Size: N/A Rent Range: N/A Map ID: 52 Total Units: 4 Units Vacant (2013): 0 Unit Type: Apartments Unit Size: 1 bdrm, 2 bdrm Rent Range: $450-$980 Map ID: 53 Total Units: 12 Units Vacant (2013): 0 Unit Type: Apartments Unit Size: Studio, 1 bdrm Rent Range: $425-$850 Map ID: 54 Total Units: 6 Units Vacant (2013): N/A Unit Type: N/A Unit Size: N/A Rent Range: N/A Map ID: 55 Total Units: 22 Units Vacant (2013): N/A Unit Type: N/A Unit Size: N/A Rent Range: N/A Map ID: 56
DOWNTOWN RESIDENTIAL RENTAL PROPERTIES
Gibbs Grove 161-169, 86-96 Gibbs & Grove Street Grove Place Neighborhood Contact: Erica Call Phone:585-672-5370 www.rentrochesterapartments.com
Halo Lofts 60 Grove Street Grove Place Neighborhood Contact: Rick Marsh Phone: 585-330-5680 www.halolofts.com
11 Lafayette Place 11 Lafayette Place Alexander Park Neighborhood Contact: N/A Phone: N/A
9 Lafayette Place 9 Lafayette Place Alexander Park Neighborhood Contact: N/A Phone: N/A
10 Lafayette Place 10 Lafayette Place Alexander Park Neighborhood Contact: N/A Phone: N/A
16 Lafayette Place 16 Lafayette Place Alexander Park Neighborhood Contact: N/A Phone: N/A
13 Lafayette Place 13 Lafayette Place Alexander Park Neighborhood Contact: N/A Phone: N/A Properties sorted by Street Name
Total Units: 10 Units Vacant (2013): 0 Unit Type: Apartments, Lofts Unit Size: 1 bdrm, 2 bdrm, 3 bdrm Rent Range: $580-$1,020 Map ID: 57 Total Units: 12 Units Vacant (2013): 0 Unit Type: Lofts Unit Size: Studio, 1 bdrm, 2 bdrm Rent Range: $775-$1,720 Map ID: 58 Total Units: 4 Units Vacant (2013): N/A Unit Type: N/A Unit Size: N/A Rent Range: N/A Map ID: 59 Total Units: 4 Units Vacant (2013): N/A Unit Type: N/A Unit Size: N/A Rent Range: N/A Map ID: 60 Total Units: 5 Units Vacant (2013): N/A Unit Type: N/A Unit Size: N/A Rent Range: N/A Map ID: 61 Total Units: 5 Units Vacant (2013): N/A Unit Type: N/A Unit Size: N/A Rent Range: N/A Map ID: 62 Total Units: 6 Units Vacant (2013): N/A Unit Type: N/A Unit Size: N/A Rent Range: N/A Map ID: 63
DOWNTOWN RESIDENTIAL RENTAL PROPERTIES
Apartments at 96 96 Liberty Pole Way St. Joseph’s Park Neighborhood Contact: Dave Fallone Phone: 585-734-9157
121 Liberty Pole Way 121 Liberty Pole Way St. Joseph’s Park Neighborhood Contact: Aaron Horn Phone: 585-613-6879
Lincoln Apartments 145 Liberty Pole Way St. Joseph’s Park Neighborhood Contact: Carolyn Perry Phone: 585-232-4350
11-11.5 Linwood Place 11 Linwood Place Alexander Park Neighborhood Contact: N/A Phone: N/A
Manhattan Square Apts. 10 Manhattan Square Manhattan Square Neighborhood Contact: Laura Doray Phone: 585-454-2010 www.landsman.com
East End Lofts 15 Mathews Street East End Neighborhood Contact: Kathy Capierseho Phone:585-442-9061 www.sternproperties.com
Parzon Building 208 Mill Street High Falls Neighborhood Contact: Bob Lindsay Phone: 585-370-7552 Properties sorted by Street Name
Total Units: 9 Units Vacant (2013): 0 Unit Type: Apartments Unit Size: Studio, 1 bdrm, 2 bdrm Rent Range: $630-$790 Map ID: 64 Total Units:23 (13 leasable in 2013) Units Vacant (2013): 0 Unit Type: Apartments Unit Size: Studio, 1 bdrm, 2 bdrm Rent Range: $455-$575 Map ID: 65 Total Units: 17 Units Vacant (2013): 1 Unit Type: Apartments Unit Size: 1 bdrm, 2 bdrm Rent Range: $600-$650 Map ID: 66 Total Units: 4 Units Vacant (2013): N/A Unit Type: N/A Unit Size: N/A Rent Range: N/A Map ID: 67 Total Units: 250 Units Vacant (2013): 8 Unit Type: Apartments Unit Size:Studio,1 bdrm,2 bdrm,3 bdrm Rent Range: $503-$1,080 Map ID: 68 Total Units: 17 Units Vacant (2013): 0 Unit Type: Lofts Unit Size: 1 bdrm, 2 bdrm Rent Range: $1,000-$1,800 Map ID: 69 Total Units: 12 Units Vacant (2013): 0 Unit Type: Apartments, Lofts Unit Size:Studio,1 bdrm,2 bdrm Rent Range: $1,000-$1,250 Map ID: 70
DOWNTOWN RESIDENTIAL RENTAL PROPERTIES
Parry Building 224 Mill Street High Falls Neighborhood Contact: Peter Freund Phone: 585-721-6846
258 Monroe Avenue 258 Monroe Avenue Alexander Park Neighborhood Contact: Rebecca Rice Phone: 585-413-3760 www.myprettyhomes.com
Michaels Stern 87 N. Clinton Avenue St. Paul Quarter Contact: Courtney Wilson Phone: 585-287-5850 www.buckprop.com
25 North Washington 25 N. Washington Street Cascade District Contact: John Loftus Phone: 585-755-4560 www.cascadeprops.com
Water Street Commons 165-185 N. Water Street St. Paul Quarter Contact: Courtney Wilson Phone: 585-287-5850 www.buckprop.com
Industrie Lofts 168 N. Water Street St. Paul Quarter Contact: Dean Fero Phone: 585-413-4462
Riverview Lofts 176 N. Water Street St. Paul Quarter Contact: Dean Fero Phone: 585-413-4462 Properties sorted by Street Name
Total Units: 6 Units Vacant (2013): 1 Unit Type: Lofts Unit Size: 1 bdrm Rent Range: $1,200-$1,900 Map ID: 71 Total Units: 6 Units Vacant (2013): N/A Unit Type: N/A Unit Size: N/A Rent Range: N/A Map ID: 72 Total Units: 45 Units Vacant (2013): 0 Unit Type: Lofts Unit Size: 1 bdrm, 2 bdrm Rent Range: $850-$1,300 Map ID: 73 Total Units: 6 Units Vacant (2013): 0 Unit Type: Lofts Unit Size: 1 bdrm, 2bdrm Rent Range: $1250-$1,800 Map ID: 74 Total Units: 64 Units Vacant (2013): 3 Unit Type: Apartments Unit Size: 1 bdrm, 2 bdrm Rent Range: $800-$1,200 Map ID: 75 Total Units: 5 Units Vacant (2013): 0 Unit Type: Apartments Unit Size:2 bdrm, 3 bdrm Rent Range: $1,250-$1,595 Map ID: 76 Total Units: 36 Units Vacant (2013): 0 Unit Type: Apartments, Lofts Unit Size: Studios, 1 bdrm, 2 bdrm Rent Range: $760-$1,060 Map ID: 77
DOWNTOWN RESIDENTIAL RENTAL PROPERTIES
Academy Building 13 S. Fitzhugh Street Four Corners Neighborhood Contact: Mark Siwiec Phone: 585-461-6375 www.theacademybuilding.com
Hayden House 144 S. Fitzhugh Street Corn Hill Neighborhood Contact: John Loftus Phone: 585-766-5619 www.cascadeprops.com
84 South Union Street 84 S. Union Street Alexander Park Neighborhood Contact: N/A Phone: N/A
64 South Union Street 64 S. Union Street Alexander Park Neighborhood Contact: N/A Phone: N/A
120 South Union Street 120 S. Union Street Alexander Park Neighborhood Contact: Rebecca Rice Phone: 585-413-3760 www.myprettyhomes.com
70-70.5 S. Union Street 70-70.5 S. Union Street Alexander Park Neighborhood Contact: N/A Phone: N/A
72 South Union Street 72 S. Union Street Alexander Park Neighborhood Contact: N/A Phone: N/A Properties sorted by Street Name
Total Units: 21 Units Vacant (2013): 20 Unit Type: Apartments, Lofts Unit Size: Studio, 1 bdrm, 2 bdrm Rent Range: $1,300-$3,100 Map ID: 78 Total Units: 7 Units Vacant (2013): 0 Unit Type: Apartments Unit Size: 1 bdrm, 2 bdrm Rent Range: $750-$1,200 Map ID: 79 Total Units: 4 Units Vacant (2013): N/A Unit Type: N/A Unit Size: N/A Rent Range: N/A Map ID: 80 Total Units: 5 Units Vacant (2013): N/A Unit Type: N/A Unit Size: N/A Rent Range: N/A Map ID: 81 Total Units: 15 Units Vacant (2013): N/A Unit Type: N/A Unit Size: N/A Rent Range: N/A Map ID: 82 Total Units: 4 Units Vacant (2013): N/A Unit Type: N/A Unit Size: N/A Rent Range: N/A Map ID: 83 Total Units: 14 Units Vacant (2013): N/A Unit Type: N/A Unit Size: N/A Rent Range: N/A Map ID: 84
DOWNTOWN RESIDENTIAL RENTAL PROPERTIES
82 South Union 82 S. Union Street Alexander Park Neighborhood Contact: David Andrulis Phone: 585-820-4552
132 & 136 South Union 132 & 136 S. Union Street Alexander Park Neighborhood Contact: Erica Call Phone: 585-672-5370 www.rentrochesterapartments.com
34-36 South Union 36 S. Union Street Alexander Park Neighborhood Contact: Mark Caramanna Phone: 585-730-5190
The Ambassador 86 S. Union Street Alexander Park Neighborhood Contact: Dawn Williams-Fuller Phone: 585-507-7515 ambassadorapartmentsrochester.com
Savannah Apartments 15 Savannah Street Manhattan Square Neighborhood Contact: Laura Doray Phone: 585-454-2010 www.landsman.com
Smith-Gormley Building 180 St. Paul Street St. Paul Quarter Contact: Manny Wright Phone: 585-284-4289 www.180stpaulst.com
H.H Warner Lofts 80 St. Paul Street St. Paul Quarter Contact: Sarah Burton Phone: 585-303-9436 www.warnerlofts.com Properties sorted by Street Name
Total Units: 12 Units Vacant (2013): 4 Unit Type: Apartments Unit Size: Studio, 1 bdrm Rent Range: $425-$585 Map ID: 85 Total Units: 22 (21 leasable in 2013) Units Vacant (2013): 0 Unit Type: Apartments Unit Size: Studio, 2 bdrm Rent Range: $485-$700 Map ID: 86 Total Units: 6 Units Vacant (2013): 0 Unit Type: Apartments Unit Size: 1 bdrm Rent Range: $645-$1,000 Map ID: 87 Total Units: 54 Units Vacant (2013): 0 Unit Type: Apartments Unit Size: Studio,1 bdrm, 2 bdrm Rent Range: $500-$900 Map ID: 88 Total Units: 126 (subsidized) Units Vacant (2013): 1 Unit Type: Apartments, Townhomes Unit Size:Studio,1 bdrm,2 bdrm,3 bdrm Rent Range: $453-$1,024 Map ID: 89 Total Units: 31 Units Vacant (2013): 0 Unit Type: Apartments, Lofts Unit Size:Studio,1 bdrm,2 bdrm,3 bdrm Rent Range: $650-$1,100 Map ID: 90 Total Units: 49 Units Vacant (2013): 10 Unit Type: Lofts Unit Size: 1 bdrm,2 bdrm Rent Range: $1,250-$2,175 Map ID: 91
DOWNTOWN RESIDENTIAL RENTAL PROPERTIES
Andrews Terrace 125 St. Paul Street St. Paul Quarter Contact: Beth Hartman Phone: 585-325-5232 www.andrewsterrace.com
Hive @ 116 116 St. Paul Street St. Paul Quarter Contact: Dan Morgenstern Phone: 585-413-4306 www.HiveVillage.com
Loftworks181 181 St. Paul Street St. Paul Quarter Contact: Brian Kiner Phone: 585-442-6150 www.belmontproperties.com
Mills at High Falls 312 State Street High Falls Neighborhood Contact: Lavone Washington Phone: 585-454-5711 ext.2009 www.themillsathighfalls.com
State Street Lofts 139 State Street Four Corners Contact: Doug Musinger Phone: 585-271-8285
Mills at High Falls Annex 392 State Street High Falls Neighborhood Contact: Lavone Washington Phone: 585-454-5711 www.themillsathighfalls.com
54 University 54 University Avenue Grove Place Neighborhood Contact: Erica Call Phone: 585-672-5370 www.rentrochesterapartments.com Properties sorted by Street Name
Total Units: 526 (496 subsidized) Units Vacant (2013): 9 Unit Type: Apartments Unit Size: Studio, 1 bdrm, 2 bdrm Rent Range: $839-$1,046 Map ID: 92 Total Units: 5 Units Vacant (2013): 0 Unit Type: Lofts Unit Size: 1 bdrm Rent Range: $875-$1,600 Map ID: 93 Total Units: 31 Units Vacant (2013): 2 Unit Type: Lofts Unit Size: Studio, 1 bdrm, 2 bdrm Rent Range: $695-$1,395 Map ID: 94 Total Units: 67 (56 subsidized) Units Vacant (2013): 6 Unit Type: Apartments, Lofts Unit Size: Studio, 1 bdrm, 2bdrm Rent Range: $525-$1,090 Map ID: 95 Total Units: 4 Units Vacant (2013): 0 Unit Type: Lofts Unit Size: Studio, 1 bdrm Rent Range: $500-$900 Map ID: 96 Total Units: 21 (subsidized) Units Vacant (2013): 1 Unit Type: Apartments Unit Size: 1 bdrm, 2 bdrm Rent Range: $568-$899 Map ID: 97 Total Units: 8 Units Vacant (2013): 0 Unit Type: Apartments, Lofts Unit Size: Studio, 1 bdrm Rent Range: $475-$590 Map ID: 98
DOWNTOWN RESIDENTIAL RENTAL PROPERTIES
Bridge Square Lofts 242 W. Main Street Cascade District Contact: Elaine Doriguzzi Phone: 585-436-2701 www.bridgesquarelofts.com
51 Windsor 51 Windsor Street Grove Place Neighborhood Contact: Adrian Winter Phone: 585-461-6370
Properties sorted by Street Name
Total Units: 24 Units Vacant (2013): 0 Unit Type: Lofts Unit Size: 1 bdrm, 2 bdrm Rent Range: $995-$1,395 Map ID: 99 Total Units: 6 Units Vacant (2013): 0 Unit Type: Apartments Unit Size: 1 bdrm, 2 bdrm Rent Range: $660-$805 Map ID: 100
