Lawrence Avenue Apartments

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Lawrence Avenue Apartments

Potsdam, New York

3 Debra Drive

Located in beautiful Potsdam, considered the cultural and educational hub of Northern New York, Lawrence Avenue Apartments provides 137 units of safe and affordable family housing. While the Village of Potsdam benefits greatly from hosting both Clarkson University and the State University of New York at Potsdam, the large student population makes the market for safe and secure rental housing very challenging, especially for the low-income families that call the Village home. Also, in 2018, Lawrence Avenue experienced a fire that made 20 units uninhabitable, further straining the supply of affordable housing. In August 2018, through a joint venture with Rochester‚ Cornerstone Group, we purchased the property for $7.3 million, investing approximately $10 million in renovations and improvements following a ten-month rehabilitation.


We transformed the Lawrence Avenue Apartments with major renovations and added new features to make it a modern community. With new playgrounds, exercise structures, dog parks, bicycle racks and benches, corridor paintings, and upgrades, the community was improved significantly. Each individual unit was substantially modified with new floors, bathrooms, including new plumbing fixtures, new wood cabinets and granite countertops in the kitchen, high-efficiency appliances in units, and HVAC and hot water systems. Property-wide wi-fi, security cameras, updated community room, library, and media room were all part of the modernized community.


Together, our development team acquired, preserved, and enhanced the property, originally built in 1978 into a safe, modern, and beautiful community with amenities that enhance the property for the enjoyment of many families and seniors. Public Support provided by St. Lawrence County Industrial Development Authority and New York State Housing and Community Renewal. Financial support provided by Key Community Development Corporation, KeyBank, N.A., and The Federal Home Loan Mortgage Corporation (Freddie Mac). Additional development support provided by Rochester’s Cornerstone Group, Ebersoldt & Associates Architecture, Katerra Affordable Construction, and WINN Residential.

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