ROCHESTER, N.Y. — A developer based in Syracuse is set to turn a vacant three-story building on East Avenue into 33 new condos and a commercial space.
Redev CNY recently paid $1.7 million for the building on 120 East Ave., once home to the Rochester Club, according to Rochester Business Journal. The developer plans to use $7.26 million in funding through the state’s Affordable Homeownership Opportunity Program to keep the condos affordable for first-time buyers.
These would be the first new condos to be built in downtown Rochester in two decades. The sales price is expected to be around $153,600 for the smallest of the four studio units. As News10NBC has covered, Rochester ranks as the toughest home-buying market in the country, and one reason is a lack of housing supply.
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