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Multiple Addresses Syracuse, NY

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For Sale
$35,000,000

Four multifamily properties with 835 units in Syracuse, NY.

Property size:
670,061 SF

Property Features for Multiple Addresses

General Information

Size
670,061 SF

Source: Steven Stoehrer Agent Steven Stoehrer

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Syracuse Multifamily Portfolio for Sale

This multifamily property portfolio consists of four properties located in Syracuse, NY, within Onondaga County. The combined properties include 835 units, with 831 residential and 4 commercial units, totaling 670,061 square feet. Situated 2-3 miles south of Downtown Syracuse and Syracuse University, and 7-10 miles from Syracuse Hancock International Airport, the properties benefit from a location in the fifth-largest housing market in New York State. Syracuse has a population of approximately 150,000 people, with a high demand for suburban housing. Apartment rental rates in the Syracuse market increased at a 3.5% annual rate during the first quarter of 2021 and have increased by 1.6% over the past year. Approximately 210 units have been delivered in the past 12 months, and approximately 130 units are currently underway. The vacancy rate in the City of Syracuse is at 6.5%. The portfolio includes The James (63 units), Chestnut Crossing (135 units), Skyline (373 units), and The Vincent (264 units).
Location Intelligence

Current Use by Public Records

Apartment buildings

Map

City
Syracuse
County
Onondaga
State
New York
Longitude
-76.1638823
Latitude
43.0178864

FAQs

What type of property is this?
Apartment building - Four multifamily properties with 835 units in Syracuse, NY.
Where is this apartment building located?
The property is located at Multiple Addresses Syracuse, NY.
What is the asking price?
The asking price for this property is $35,000,000.
What are key features of this property?
This property features: - Portfolio of 4 multi-family properties totaling **835 units**.; - Offered for sale at **$35M** or $41,916.16 per unit.; - Located in Syracuse, NY, a market with high demand for suburban housing.
More about this property
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