Rochester NY Condo Market Update – Downtown & East End Living 2025–2026

Tower280, The Metropolitan, Erie Harbor + new projects. Full HOA fees, price per sq ft, amenities chart, and 2026 inventory forecast.

Rochester’s downtown and East End condo market just had its best year since 2007 — and 2026 is about to get even tighter.

In 2025, 112 condos closed downtown/East End — a +31% increase over 2024 — with median price per square foot hitting $298 (up 9.7% YoY) and average days on market dropping to 45.

Key Buildings & Current Stats (December 2025)

BuildingUnitsPrice RangeAvg HOA/moKey Amenities2025 Sales
Tower280181$395k–$1.6M$520–$680Rooftop terrace, gym, concierge, dog wash38
The Metropolitan156$350k–$1.2M$420–$590Pool, theater room, wine storage31
Erie Harbor94$375k–$895k$480–$620Marina slips, sauna, fitness center22
120 East Ave (new 2026)80$220k–$485k (affordable)$320–$450Historic building, workforce program42 reserved
Legacy Tower (2027)120+$650k–$2M+ (est.)TBDOffice-to-condo conversion, sky loungePre-sales open

Sources: GRAR Condo Report Q4 2025, City of Rochester Planning

Price per Square Foot & HOA Comparison (Dec 2025)

BuildingAvg $/sq ftAvg HOA $/sq ftTotal Monthly Cost (2-bed example)
Tower280$342$0.48$2,980
The Metropolitan$318$0.41$2,710
Erie Harbor$298$0.45$2,680
120 East Ave (affordable)$225$0.38$1,890

What Buyers Are Getting in 2025–2026

  • Walk Score 95+: Groceries, restaurants, festivals literally downstairs
  • Maintenance-free living: Snow removal, landscaping, exterior repairs all covered
  • Tax advantages: Many condos qualify for lower “condo” tax rates vs single-family
  • Amenities rivaling Manhattan: Rooftop fire pits, dog spas, guest suites, 24/7 security

New Supply Coming 2026–2028

  • 120 East Ave: 80 units (20 workforce/affordable) — opening Q3 2026
  • Legacy Tower conversion: Former Chase Tower → 120+ luxury condos — 2027
  • Sibley Square Phase III: 60 additional lofts — 2027

Total new inventory: 260+ units — still not enough to meet demand.

Investor vs Owner-Occupant Split (2025)

  • 42% investor-owned (short/long-term rentals allowed in most buildings)
  • Average rental yield: 6.1–7.4% (2-bed rents $2,400–$3,600/mo)
  • Airbnb allowed in Tower280 & Erie Harbor (subject to 30-day minimum in some HOAs)

2026 Forecast

SourceProjected Price GrowthInventory Change
GRAR Panel+6.8%+12%
Zillow Research+7.3%+180 units
Rochester First+8.1%Tightest since 2006

 

Conclusion

With only 2 active listings downtown as of December 2025, buyers who wait until spring 2026 will face multiple offers and higher prices. Winter 2025–2026 is the last true "buyer's window" before the next wave of NYC/California relocators pushes prices past $350/sq ft.

Sources

  1. GRAR Downtown Condo Sales Report 2025
  2. Redfin Rochester Condo Trends
  3. City of Rochester 120 East Ave Project Page
  4. Tower280 Official Site & HOA Docs
  5. Rochester Downtown Development Corporation Pipeline Report 2026–2028

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