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OLD-581-587 Jefferson Ave, Rochester, NY 14611

NOTE: Tokens for this property are being migrated to a new smart contract. Unmigrated tokens will show in your Portfolio as 'OLD'. If you hold tokens of this property, you will be contacted regarding the migration in coming weeks. This change will not impact the value of your tokens or rent.

Total Investment: $584,800.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

Questions/Need Help? Email Us.

Rent Assistance!

This property's rent is partly or wholly paid by the U.S. Federal Government through HUD Section 8.

The rent of Section 8 properties is usually exceptionally stable.

Property Highlights

  • Expected Yield

  • Rent Start Date

  • Rent per Token

    $6.00 / year
  • Token Price

  • Total Tokens

  • Property Type

  • Neighborhood

    Genesee - Jefferson
  • Square Feet

  • Lot Size

  • Total Units

    14 Units
  • Section 8?


All financial statements of property yield are best estimates based on current conditions, and can change at any time.

We are targeting the above equity multiple for investors; however, no assurance can be given that you will obtain any return on investment, and there is a risk that you can lose your entire investment.


  • Gross Rent / year

  • Gross Rent / month

  • Monthly Costs

    - $3,162.57
    • Property Management (9.50%)
      - $775.68
    • RealT Platform (2.00%)
      - $163.30
    • Maintenance Expenses
      - $416.67
    • Property Taxes
      - $990.25
    • Insurance
      - $291.67
    • Utilities
      - $525.00
  • Net Rent / month

  • Net Rent / year

  • Total Investment

    • Underlying Asset Price
    • RealT Listing Fee (10%)
    • Initial Maintenance Reserve
    • Initial Renovation Reserve
  • Expected Yield


Maintenance Reserve

About the Property

571 – 578 Jefferson is RealT’s first offering in the great state of New York, and what an excellent offering it is! This healthy mixed-use brick building offers landlords a reliable, easy-to-manage property situated in a safe, working-class neighborhood. The expected yield of 10.26% is also exceptionally high for the area—this is not a typical New York yield!

Jefferson hosts one studio, seven one-room, three two-room, and one three-room apartments, along with two retail spaces on the ground floor. All are currently rented, and all will be brought up to Section 8 standards so that they can be rented under that program if and when current tenants leave. We anticipate an increase in yield as units are re-rented under Section 8.

Some of Jefferson’s components are nearing end-of-service, such as the boilers and roof. RealT has allocated a renovation reserve of $95,000 to update and improve the building’s components at the end of their service with the intention of improving the property in the process. This reserve is already included in the Asset Price above. We will be sharing more details about the renovation process as it goes, so stay tuned!


Property Records

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