2-Bedroom Residential Income
248 Buckingham Avenue #50, Syracuse, NY 13210
For Sale
Contact for pricing
Second-floor apartment with one bathroom; tenants pay all utilities.
Property Size2,184 SF
Days on Market63
Property Features for 248 Buckingham Avenue #50
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Listing Agency:
FM Realty Group
Listed By:
Donald S. Radke
(315) 637-5195
Source:
Stacyfaunce.kw
Added: Sep 13
Changed: Nov 7
Last Checked: Nov 14 at 2:13AM
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 FM Realty Group
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Investment Insights
Based on property information with market context.
This second-floor apartment at 248 Buckingham Avenue #50 in Syracuse includes 2 bedrooms and 1 bathroom. The residence was built in 1920 and is available now.
The tenancy terms prohibit pets, and tenants are responsible for all utilities.
The tenancy terms prohibit pets, and tenants are responsible for all utilities.
Key Highlights
- 2‑bedroom, 1‑bath apartment
- Second‑floor residence
- Built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,621
Suggested Prices Based on Cap Rates
Cap Rate 5%
$412,420
$412.4K
Cap Rate 7%
$294,586
$294.6K
Cap Rate 9%
$229,122
$229.1K
Market Conditions
NOI Build-Up for 2,184 SF
Gross rent
$40.1K $18.36/SF
− Vacancy
−$2.6K −$1.19/SF
EGI
$37.5K $17.17/SF
− OpEx
−$16.9K −$7.72/SF
NOI
$20.6K $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%
$412,420
Cap Rate 7%
$294,586
Cap Rate 9%
$229,122
Alternative Uses
Best Use
Apartment 5plus
$294.6K
$257.8K – $343.7K
NOI $20,621 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$379.6K
$332.1K – $442.8K
NOI $26,569 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
430
Businesses Nearby
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Business Placement
Demographics for 13210, NY
23,150
Population
9,774
Households
2.4
Avg Household Size
27
Median Age
50%
College-Educated
92%
High-School Grad
3.8 sq mi
ZIP Area
6,092
Density / Sq Mi
$38,783
Median Household Income
$20,554
Median Earnings
$1,081
Median Rent
$167,200
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Syracuse, NY
Properties on Market for Residential income properties in Syracuse
Frequently Asked Questions
What type of property is this?
Residential income property - Second-floor apartment with one bathroom; tenants pay all utilities.
Where is this residential income property located?
The property is located at 248 Buckingham Avenue #50 Syracuse, NY.
What are key features of this property?
This property features: 2‑bedroom, 1‑bath apartment; Second‑floor residence; Built in 1920
