376 Lexington AveRochester, NY 14613

Property Details for 376 Lexington Ave

Year built

1950

Lot size

0.23 AC

Property size (Sq ft)

5,564 SF

Property type

Office buildings

APN

261400 105.26-1-3

APU

2614001052613

Description

This exceptional executive office suite at 376 Lexington Avenue in Rochester, New York, presents a compelling investment opportunity. Boasting 4,160 square feet of well-maintained space, this property is situated on a sizable 12,400 square foot lot. Built in 1970, the building offers a strong net operating income (NOI) of $56,215, translating to an attractive 6.95% capitalization rate. The asking price for this turnkey investment is $809,000. Located in Monroe County, New York, with the address 376 Lexington Ave, Rochester, NY 14613, this property is ideally positioned within the vibrant Rochester business community. The property's executive office subtype suggests a high-quality build and potential for premium rental income. The substantial lot size offers potential for future expansion or redevelopment, adding further value to this already attractive investment. This is a rare opportunity to acquire a well-performing office building with a strong cap rate in a desirable location. The property's financial performance and location make it an ideal addition to any investment portfolio. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $898,493

  6.5%

  $829,378

  7%

  $770,137

• Comparable approach

  Method

  Valuation

  Relative Method

  $508,317

  Geo Method

  $350,031

• Alternative Use

  Use

  Valuation

  Residential Income

  $1,028,429

  Hospitality / Lodging

  $942,035

  Institutional / Educational

  $783,762

  Healthcare / Senior Housing

  $810,717

  Retail / Commercial

  $1,219,186

Location Insight

City

Rochester

County

Monroe

State

New York

Latitude

43.1796

Longitude

-77.6399

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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