26-Unit Mixed-Use
649-701 Monroe Ave, Rochester, NY 14607
For Sale
New
Contact for pricing
Ground-floor commercial space is combined with upper-level residences in a single property.
Property Size26,776 SF
Price / SF$235.29
Days on Market4
Property Features for 649-701 Monroe Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Mixed-Use Components
Additional Details
Multifamily Units
Tenant in Place
Building Details
Tenancy
Listing Agency:
Jim Pappas Commercial Real Estate
(585) 424-6007
Listed By:
James (Jim) P. Pappas
(585) 615-0908
Source:
Moodyscre
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:43PM
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 Jim Pappas Commercial Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 26,776-square-foot property contains 26 units: 9 commercial spaces and 17 residences. Commercial space occupies the ground floor, with residential units above. The property is zoned C-2 Community Center and has 55 on-site parking spaces.
Key Highlights
- 26,776 square feet across 26 units
- 17 residential units and 9 commercial spaces
- 55 on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$363,153
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,263,060
$7.3M
Cap Rate 7%
$5,187,900
$5.2M
Cap Rate 9%
$4,035,033
$4.0M
Market Conditions
NOI Build-Up for 26,776 SF
Gross rent
$578.4K $21.60/SF
− Vacancy
−$59.6K −$2.22/SF
EGI
$518.8K $19.38/SF
− OpEx
−$155.6K −$5.81/SF
NOI
$363.2K $13.56/SF
Area
Rochester, NY
Vacancy
10.30%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,263,060
Cap Rate 7%
$5,187,900
Cap Rate 9%
$4,035,033
Alternative Uses
Best Use
Retail
$5.19M
$4.54M – $6.05M
NOI $363,153 @ 7.0% cap · market cap 5.76%
Second Best
Mixed Use
$4.65M
$4.07M – $5.42M
NOI $325,328 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$7.34M
$6.42M – $8.56M
NOI $513,457 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
17
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,828
Businesses Nearby
Explore this area
Business Placement
Demographics for 14607, NY
16,298
Population
11,971
Households
1.4
Avg Household Size
32
Median Age
60%
College-Educated
95%
High-School Grad
1.7 sq mi
ZIP Area
9,587
Density / Sq Mi
$56,270
Median Household Income
$44,018
Median Earnings
$1,129
Median Rent
$304,100
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Rochester, NY
Properties on Market for Mixed-use properties in Rochester
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor commercial space is combined with upper-level residences in a single property.
Where is this mixed-use property located?
The property is located at 649-701 Monroe Ave Rochester, NY.
What is the asking price?
The asking price for this property is $6,300,000.
What are key features of this property?
This property features: 26,776 square feet across 26 units; 17 residential units and 9 commercial spaces; 55 on‑site parking spaces
