Greysteel, a national commercial real estate investment services firm, has been named exclusive advisor and agent for the sale of Ontario Village, a 206-unit multifamily property located in Watertown, New York.

Greysteel President & CEO, Ari Firoozabadi; Director Ari Azarbarzin and Senior Investment Associate, Ken Hobson are marketing the property on behalf of the owner.

Built in 1986, the 206-unit Property consists of all two-bedroom, two-bathroom units with large floor plans with 944 SF across the 26 building complex. The Property interior amenities include updated appliances, new carpeting, large closet and storage areas and a private balcony/patio. Exterior amenities include, on-site management, 24-hour emergency maintenance, ample designated parking, quick and thorough snow removal, state-of-the-art fitness center and well maintained landscaping.

Ontario Village is located at 1269 Coffeen Street in Watertown, New York, just off the main highway intersection in Watertown, NY. The property serves the Watertown and Thousand Island markets, and is minutes from Fort Drum military base and home of the 10th Mountain Division.

“Ontario Village has experienced significant increase in demand and subsequent rental rate increases over the past few years. The Property provides market rent apartments, as well as furnished units and short-term, motel units to meet demand for personnel,” said Mr. Hobson. “New ownership should be able to capitalize on the below market rents and improving market conditions to realize a significant return.”

About Greysteel:

Greysteel is a commercial real estate and capital markets services firm with 11 offices located in New York, NY; Los Angeles, CA; Dallas, TX; Fort Worth, TX; Washington, D.C.; Philadelphia, PA; Phoenix, AZ; Denver, CO; Baltimore, MD and Norfolk, VA. Greysteel serves and advises private and institutional real estate investors and developers in the marketing, sale, and financing of private capital and middle market real estate assets. www.greysteel.com