Four-Building 14-Unit Multifamily
1106 BUTTERNUT ST Syracuse, NY 13208
1106 BUTTERNUT ST, Syracuse, NY, 13208
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For Sale
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Four neighboring buildings total 14 units, including certificates of compliance for two addresses and four units currently vacant.
Property Size3,466 SF
Price / SF$313.04
Days on Market37
Property Features for 1106 BUTTERNUT ST
General Information
- Standard status
- Active
- Size
- 3,466 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1920
Listing agency
Hunt Real Estate
Listed by
Zachary Johnson · License #NY 10401317011
Source
Crexi
Added: Jun 17 Updated: Jul 21 at 2:03PM Checked: Jul 22 at 7:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hunt Real Estate
Investment Insights
Based on property information with market context.
This for-sale multifamily portfolio includes four separate buildings totaling 14 units: a 6-unit apartment building, a 5-unit apartment building, a duplex, and a single-family residence. The package includes four units left vacant to support buyer inspections and showings, with the remaining units providing in-place occupancy.
The assets are located in Syracuse, NY. Ownership has maintained compliance where applicable, with Certificates of Compliance currently held for 1104 Butternut Street and 1106 Butternut Street, and a rental registry maintained for 1102 Butternut Street.
The close proximity of the buildings is designed to support operational efficiency for management, maintenance, and leasing across the portfolio in a single transaction.
The assets are located in Syracuse, NY. Ownership has maintained compliance where applicable, with Certificates of Compliance currently held for 1104 Butternut Street and 1106 Butternut Street, and a rental registry maintained for 1102 Butternut Street.
The close proximity of the buildings is designed to support operational efficiency for management, maintenance, and leasing across the portfolio in a single transaction.
Key Highlights
- 14‑unit multifamily portfolio on Butternut Street in Syracuse, NY across four neighboring buildings
- Building mix includes one 6‑unit, one 5‑unit apartment building, one duplex, and one single‑family residence
- Certificates of Compliance reported for 1104 and 1106 Butternut Street
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.1k | $16.20 |
| − Vacancy | −$3.5k | −$1.00 |
| EGI | $52.7k | $15.20 |
| − OpEx | −$15.8k | −$4.56 |
| NOI | $36.9k | $10.64 |
3,466 SF · lease $16.20/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$526.8K
$461.0K – $614.7K
NOI $36,879 @ 7.0% cap · market cap 3.40%
Second Best
Apartment 5plus
$467.5K
$409.1K – $545.4K
NOI $32,725 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$602.3K
$527.1K – $702.7K
NOI $42,164 @ 7.0% cap · market cap 3.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Four neighboring buildings total 14 units, including certificates of compliance for two addresses and four units currently vacant.
Where is this apartment building located?
The property is located at 1106 BUTTERNUT ST Syracuse, NY.
What is the asking price?
The asking price for this property is $1,085,000.
What are key features of this property?
This property features: 14‑unit multifamily portfolio on Butternut Street in Syracuse, NY across four neighboring buildings; Building mix includes one 6‑unit, one 5‑unit apartment building, one duplex, and one single‑family residence; Certificates of Compliance reported for 1104 and 1106 Butternut Street
