Q2 2012 Rochester, New York Apartment Property Sales Analysis

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Q2 2012 Rochester, New York Apartment Property Sales Analysis


Reis reports no qualifying apartment sales in Rochester in the second quarter of 2012. There was one sale in the first quarter, for $4.4 million ($33,000 per unit). The cap rate was 8.4%, the 12 month rolling cap rate was 6.7% for that quarter. The sale was the 132-unit Chili Gardens apartment building which took place in January.