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    408-22 James St Syracuse, NY 13203

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    For Sale
    $5,000,000

    179 units in downtown Syracuse, walking distance to amenities.

    Lot size:
    1.00 Acre

    Property Features for 408-22 James St

    General Information

    Lot size
    1.00 Acre

    Building Details

    Year built
    1902

    Source: Arquette & Associates,REALTORS Agent Tonya Britton

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

    Overview

    Downtown Syracuse Multifamily Investment Opportunity

    This property presents an opportunity to acquire a 179-unit building in the downtown Syracuse area. Known as The Snowdon, the building offers a mix of one-bedroom, two-bedroom, studio apartments, and single-room occupancy units. The six-story building, designed by architect Archimedes Russell, was constructed in 1902 and features a four-foot-thick limestone foundation and balconies. A parking lot is included. The Snowdon is located within walking distance of downtown Syracuse, including Armory Square, Landmark Theatre, Salt City Market, and the Everson Museum of Art. It is also located approximately one mile from Syracuse University, Saint Joseph's Hospital, SUNY Upstate Medical University, Crouse Irving, SUNY ESF, and Le Moyne College. The property is located an 11-minute drive to the Syracuse Hancock International Airport and has access to Routes 81 and 690. Cash flow is already in place.
    Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Syracuse
    County
    Onondaga
    State
    New York
    Longitude
    -76.147539
    Latitude
    43.0525733

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    FAQs

    What type of property is this?
    Apartment building - 179 units in downtown Syracuse, walking distance to amenities.
    Where is this apartment building located?
    The property is located at 408-22 James St Syracuse, NY.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: - 179 Units in Downtown Syracuse Area; - Cash Flow Already in Place; - Walking Distance to Downtown Syracuse Attractions
    (315) 446-4100
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    408-22 James St Syracuse, NY 13203
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    408-22 James St Syracuse, NY 13203
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