2700 North Street
- 26-unit multifamily asset across five connected buildings totaling 21,240 SF
- Delivered fully vacant, enabling immediate renovation and lease-up strategy
- One- and two-bedroom unit mix aligned with 70% small household demographic
- Central boiler system with landlord-controlled heating infrastructure
- Located near the redeveloping Huron Campus and major employers
- Direct access to North Street corridor with connectivity to NY-17/I-86
- Approximately 14,000 renter-occupied households within a 5-mile radius
- Positioned for full value-add execution with strong rental demand fundamentals
Property Description
Offered for auction, 2700 North Street presents a 21,240 SF multifamily complex consisting of five interconnected buildings configured as 26 residential units. The unit mix includes one- and two-bedroom layouts, aligning with the area’s high concentration of smaller household sizes. The asset will be delivered fully vacant, providing a clean slate for repositioning. Existing systems include a central boiler serving all units, with landlord-controlled heat distribution. Units do not currently include air conditioning, allowing new ownership to modernize mechanicals and interior finishes in line with market expectations. This is a true value-add opportunity. The combination of vacancy, scale, and layout provides flexibility to execute a full renovation program, re-tenant at market rents, and stabilize into a cash-flowing asset. With nearly 14,000 renter-occupied households within a 5-mile radius and a tenant base heavily weighted toward one- and two-person households, the property is well aligned with local demand fundamentals. Positioned within a corridor undergoing reinvestment and supported by strong employment drivers, 2700 North Street offers a clear path to creating a competitive multifamily asset in a supply-constrained market.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 26 |
| Year Built: | 1975 |
| Opportunity Zone: | No |
| Property Website | Click Here |
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