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    702 Danforth St Syracuse, NY 13208

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    For Sale
    $649,900

    Historic building in Syracuse with potential for restoration or redevelopment.

    Lot size:
    0.82 Acres

    Property Features for 702 Danforth St

    General Information

    Lot size
    0.82 Acres

    Building Details

    Year built
    1940

    Source: Acropolis Realty Group LLC Agent Christopher Moreland

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

    Overview

    Historic Syracuse Building with Development Potential

    This property offers a remarkable glimpse into Syracuse's architectural history. The main house features two floors of woodwork and stained glass, providing ample space for creating one to two larger apartments or five to six smaller units. The newer back area has been demolished to accommodate the construction of eight to twelve units, depending on their size. New three-phase electric has been installed. An additional lot is included, suitable for parking, storage, or expansion. The property presents opportunities for restoration or redevelopment into housing.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Syracuse
    County
    Onondaga
    State
    New York
    Longitude
    -76.1549974
    Latitude
    43.0692936

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    FAQs

    What type of property is this?
    Apartment building - Historic building in Syracuse with potential for restoration or redevelopment.
    Where is this apartment building located?
    The property is located at 702 Danforth St Syracuse, NY.
    What is the asking price?
    The asking price for this property is $649,900.
    What are key features of this property?
    This property features: - Development potential: Approved plans to convert into multi-unit housing (8-12 units in back, 5-6 in front).; - Includes an additional lot for parking, storage, or expansion.; - New 3-phase electric service installed.
    (315) 396-0493
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    702 Danforth St Syracuse, NY 13208
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    Syracuse, NY 13208
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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
    702 Danforth St Syracuse, NY 13208
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