201 S. Main St, LLC is renovating this 3 story, 17,500 s/f building from office space to 12 upscale apartments with 5,800 s/f of commercial space on the first floor. Investment Units are $1,000 each with a minimum purchase of twenty five (25) units. The Central New York residential and commercial real estate markets are established in a recovery mode and this is an excellent time to own part of this project. It is a passive investment that affords you the opportunity to see, tour and watch the progress of your investment. This is a local project initiated and completed by local real estate professionals for the benefit of local investors. The commercial and residential tenants of this property will enjoy off street parking, unobstructed views from the apartments and will live within walking distance of drug stores, a convenience store, dry cleaning as well as fine and casual dining.
The project will start with a complete demolition of the interior of the building and an exterior portion of the building that was an add-on after the original construction.
Complete mechanical upgrades to electrical, plumbing and HVAC including ADA upgrades to the elevator controls and cab.
The entire project will meet New York State requirements for Energy Star efficiency for windows, electrical fixtures, insulation, HVAC equipment and appliances.
The finishes in the apartments will include granite counter tops, stainless steel GE Profile appliances and a mix of carpet, ceramic and solid vinyl flooring.
Each apartment will have its own washer and dryer.