5-Unit Historic Apartment
For Sale
Contact for pricing
2215 JAMES ST, Syracuse, NY 13206
Historic multifamily property with five apartments in Syracuse’s Eastwood neighborhood.
Property Size3,956 SF
Price / SF$174.17
Days on Market59
Property Features for 2215 JAMES ST
General Information
Standard status
Active
Size
3,956 SF
Class
A
Property subtype
Multifamily
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$49,060
Additional Details
Multifamily Units
5
Building Details
Year Built
1930
Buildings
1
Stories
3
Units
5
Tenancy
Multi
Listing Agency:
Benchmark Realty Advisors, LLC
Listed By:
Mark Chiarenza · License #NY 10491211530
(585) 303-8017
Source:
Crexi
Added: Aug 20
Changed: Oct 11
Last Checked: Oct 16 at 8:15AM
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 Benchmark Realty Advisors, LLC
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Investment Insights
Based on property information with market context.
Built in 1930, this multifamily property contains five apartments within a historic mansion-style building totaling 3,956 square feet. The asset is located in Syracuse’s Eastwood neighborhood and is presented as a residential income property.
The property is positioned minutes from major regional employers and institutions, providing established proximity to important employment and institutional destinations. Its five-apartment configuration offers a defined multifamily layout within a distinctive historic structure.
The property is positioned minutes from major regional employers and institutions, providing established proximity to important employment and institutional destinations. Its five-apartment configuration offers a defined multifamily layout within a distinctive historic structure.
Key Highlights
- Five apartments in a historic mansion‑style property
- 3,956 square feet of building area
- Built in 1930
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,351
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$747,020
$747.0K
Cap Rate 7%
$533,586
$533.6K
Cap Rate 9%
$415,011
$415.0K
Market Conditions
NOI Build-Up for 3,956 SF
Gross rent
$72.6K $18.36/SF
− Vacancy
−$4.7K −$1.19/SF
EGI
$67.9K $17.17/SF
− OpEx
−$30.6K −$7.72/SF
NOI
$37.4K $9.44/SF
Area
Syracuse, NY
Vacancy
6.50%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$747,020
Cap Rate 7%
$533,586
Cap Rate 9%
$415,011
Alternative Uses
Best Use
Apartment 5plus
$533.6K
$466.9K – $622.5K
NOI $37,351 @ 7.0% cap · market cap 5.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$687.5K
$601.6K – $802.1K
NOI $48,125 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
766
Businesses Nearby
Explore this area
Business Placement
Demographics for 13206, NY
16,599
Population
8,460
Households
2
Avg Household Size
38
Median Age
27%
College-Educated
90%
High-School Grad
4.1 sq mi
ZIP Area
4,049
Density / Sq Mi
$60,314
Median Household Income
$40,429
Median Earnings
$952
Median Rent
$130,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Historic multifamily property with five apartments in Syracuse’s Eastwood neighborhood.
Where is this apartment building located?
The property is located at 2215 JAMES ST Syracuse, NY.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: Five apartments in a historic mansion‑style property; 3,956 square feet of building area; Built in 1930
