Will of Hemisphere Holding brokers the $724,000 sale of 24-unit apt. property
Richard Will, president of Hemisphere Holdings Corp., in cooperation with Turnkey Real Estate, Inc., has brokered the $724,000 sale of the Ivy Ridge Apartments.
Located on 508 Ivy Ridge Rd., the 24-unit property was sold by Clarendon Heights Management to an undisclosed buyer. The deal was financed by M&T Bank.
Hemisphere Holdings is a commercial real estate firm specializing in the brokerage of multifamily properties and mobile home parks. Centrally located in New York, they service the needs of their clients throughout the entire upstate New York marketplace.
Hemisphere Holdings has generated one of the largest computer databases of apartment buyers and sellers in the upstate region. Their single-minded approach to brokerage has served their clients by tracking all apartment sales and in turn, providing knowledge for players in the industry who require accurate and timely information to assist in their decision making.
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The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account