Renovated Mixed-Use Downtown
49 Stone St, Rochester, NY 14604
Fully renovated mixed-use property with residential and commercial spaces.
Type:Multifamily
Property size:
30,246 SFPrice / SF:
$162/SF- Added:
- Mar 12, 2026
- Days on Market:
- 68
- Last Refresh:
- Mar 19 at 10:24 pm
Property Features for 49 Stone St
General Information
- Standard status
- Active
- Size
- 30,246 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1900
Listing agent Sage Baltrusaitis License #NY 10401340935
Listing office Empire Real Estate Firm
Listing date Mar 12, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Empire Real Estate Firm
HighLights
- Fully Renovated in 2020: Enjoy comprehensive modernization with new mechanical systems and interior finishes.
- Diversified Income Stream: Benefit from a combination of 21 residential units and 4,946 SF of commercial space.
- Strong Amenity Package: Includes an open‑air rooftop deck, dedicated dog park, and secure building access.
- Walkable Downtown Location: Proximity to employment, dining, retail, entertainment, and public transit.
- Institutional‑Quality Finishes: Contemporary unit interiors with industrial loft‑style design.
- Stabilized Market‑Rate Asset: Renovated to attract young professionals, remote workers, and urban lifestyle tenants.
Overview
This is a fully renovated, stabilized four-story mixed-use asset located in Downtown Rochester, New York. The property features 21 residential apartment units and 4,946 square feet of ground-floor commercial space. The building was completely renovated in 2020, modernizing both infrastructure and interior living spaces, including new mechanical systems, upgraded electrical and plumbing components, enhanced life-safety systems, and modernized common areas. The residential portion consists of thoughtfully designed one-bedroom and two-bedroom layouts with open-concept layouts, energy-efficient systems, loft-style ceilings, contemporary kitchens, and in-unit laundry. Units incorporate an industrial-inspired aesthetic featuring exposed HVAC ductwork, contract ceilings, and loft-style architectural elements. Tenant amenities include an open-air rooftop deck with a dedicated dog park, pet-friendly accommodations, and convenient adjacent parking access. The commercial space is suited for retail, boutique fitness, restaurant/café, professional office, or service-oriented uses, and features strong street visibility, dedicated storefront access, consistent residential foot traffic, and high vehicular exposure. The property benefits from immediate access to employment hubs, entertainment venues, retail corridors, and public transportation infrastructure.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$4.56M
NOI $410,216 @ 9.00% cap · cautious / downside scenario
Moderate
$5.86M
NOI $410,216 @ 7.00% cap · market / base-case scenario
Aggressive
$8.20M
NOI $410,216 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $653.3k | $21.60 |
| − Vacancy | −$67.3k | −$2.22 |
| EGI | $586.0k | $19.38 |
| − OpEx | −$175.8k | −$5.81 |
| NOI | $410.2k | $13.56 |
30,246 SF · lease $21.60/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$5.86M
$5.13M – $6.84M
NOI $410,216 @ 7.0% cap · market cap 8.37%
Second Best
Mixed Use
$5.25M
$4.59M – $6.12M
NOI $367,489 @ 7.0% cap · market cap 7.50%
Theoretical Best
Office A
$8.29M
$7.25M – $9.67M
NOI $579,997 @ 7.0% cap · market cap 11.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
49 Stone Street
Apartment Building
Youth Employment Services
Employment Agency
Location Insight
- Map
- Local Demand
- City
- Rochester
- County
- Monroe
- State
- New York
- Longitude
- -77.6073671
- Latitude
- 43.1556723
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Fully renovated mixed-use property with residential and commercial spaces.
Where is this mixed-use property located?
The property is located at 49 Stone St Rochester, NY.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: Fully Renovated in 2020: Enjoy comprehensive modernization with new mechanical systems and interior finishes.; Diversified Income Stream: Benefit from a combination of 21 residential units and 4,946 SF of commercial space.; Strong Amenity Package: Includes an open‑air rooftop deck, dedicated dog park, and secure building access.
