429 State St N & Belden Ave E, Syracuse, NY
6,300 SF restaurant/bar in Syracuse's Little Italy neighborhood.
- Added:
- Apr 4, 2025
- Days on Market:
- 437
- Last Refresh:
- May 19 at 10:41 pm
Property Features for 429 State St N & Belden Ave E
General Information
- Standard status
- Active
- Size
- 6,300 SF
- Lot size
- 0.09 Acres
- Property subtype
- RETAIL
Listing agent Edward Kiesa (315) 345-5841
Listing office CBRE | Syracuse (315) 345-5841
Listing date Apr 4, 2025
Source Moodyscre
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 CBRE | Syracuse
HighLights
- 6,300 SF freestanding restaurant building
- Located on a 0.46 AC corner lot with ample off‑street parking
- Fully equipped kitchen, bar, and lounge
- Previously housed Ilario’s Trattoria
- Three‑story building
- Entrance to Syracuse’s Little Italy neighborhood
Overview
Local Financial Insights For Specialty Retail
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 | $86.9k | $13.80 |
| − Vacancy | −$3.5k | −$0.55 |
| EGI | $83.5k | $13.25 |
| − OpEx | −$20.9k | −$3.31 |
| NOI | $62.6k | $9.94 |
Alternative Uses
Current Use by Public Records
Map
- City
- Syracuse
- County
- Onondaga
- State
- New York
- Longitude
- -76.1639
- Latitude
- 43.0179
