400 Butternut Street, Syracuse, NY 13208
Fully occupied mixed-use building with first-floor retail anchored by Kinney Drugs and Subway plus three floors of 2-bedroom apartments.
- Added:
- Jun 28, 2026
- Days on Market:
- 4
- Last Refresh:
- Jul 1 at 6:52 am
Property Features for 400 Butternut Street
General Information
- Standard status
- Active
- Size
- 32,598 SF
- Property subtype
- Multi-Unit
Listing office Syracuse Office (315) 445-8534
Listing date Jun 28, 2026
Source Pyramidbrokerage
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 Syracuse Office
HighLights
- Fully occupied mixed‑use building in the central (north side) City of Syracuse
- First‑floor retail anchored by Kinney Drugs and Subway
- Three floors of apartment units with twelve (12) 2‑bedroom units
Overview
Located on the central north side of the City of Syracuse, the property is set up for both everyday retail access and residential use. The configuration supports an owner-operator or investor seeking a building with income-producing components across different tenant types, with retail at the ground level and housing on the floors above.
For prospective buyers, the key operating feature is the building’s mixed layout: retail tenancy on the first floor paired with consistently sized 2-bedroom apartment units on the upper levels. With the property described as fully occupied, it offers a stabilized ownership profile across both commercial and residential spaces, while keeping day-to-day management focused within a single, combined asset.
Local Financial Insights For Apartment 5plus
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 | $598.5k | $18.36 |
| − Vacancy | −$38.9k | −$1.19 |
| EGI | $559.6k | $17.17 |
| − OpEx | −$251.8k | −$7.72 |
| NOI | $307.8k | $9.44 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Syracuse
- County
- Onondaga
- State
- New York
- Longitude
- -76.149719
- Latitude
- 43.0585588
