39-Unit Apartment
526-530 OAK ST, Syracuse, NY 13203
For Sale
Contact for pricing
The multifamily property is configured for a 39-unit residential program.
Property Size6,252 SF
Price / SF$223.93
Days on Market28
Property Features for 526-530 OAK ST
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Listing Agency:
Sutton Real Estate Company LLC
Listed By:
Kenneth Tyminski · License #NY 30TY0923669
(315) 243-4678
Source:
Crexi
Added: Oct 13
Changed: Nov 8
Last Checked: Nov 8 at 3:39PM
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 Sutton Real Estate Company LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Syracuse apartment property contains 39 units within 6,252 square feet. The building is located at 526-530 Oak Street in Syracuse, New York 13203.
Key Highlights
- 39 apartment units
- 6,252 square feet of building area
- Located at 526‑530 Oak Street in Syracuse, NY 13203
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,029
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,180,580
$1.2M
Cap Rate 7%
$843,271
$843.3K
Cap Rate 9%
$655,878
$655.9K
Market Conditions
NOI Build-Up for 6,252 SF
Gross rent
$114.8K $18.36/SF
− Vacancy
−$7.5K −$1.19/SF
EGI
$107.3K $17.17/SF
− OpEx
−$48.3K −$7.72/SF
NOI
$59.0K $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%
$1,180,580
Cap Rate 7%
$843,271
Cap Rate 9%
$655,878
Alternative Uses
Best Use
Apartment 5plus
$843.3K
$737.9K – $983.8K
NOI $59,029 @ 7.0% cap · market cap 4.22%
Second Best
Mixed Use
$801.1K
$701.0K – $934.7K
NOI $56,080 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$1.09M
$950.7K – $1.27M
NOI $76,056 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
39
Residential units
Location Intelligence
Trade Area within ½ mile
1,179
Businesses Nearby
Explore this area
Business Placement
Demographics for 13203, NY
16,240
Population
9,092
Households
1.8
Avg Household Size
37
Median Age
28%
College-Educated
84%
High-School Grad
1.7 sq mi
ZIP Area
9,553
Density / Sq Mi
$46,526
Median Household Income
$38,240
Median Earnings
$953
Median Rent
$148,700
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in Syracuse, NY
Properties on Market for Apartment buildings in Syracuse
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - The multifamily property is configured for a 39-unit residential program.
Where is this apartment building located?
The property is located at 526-530 OAK ST Syracuse, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 39 apartment units; 6,252 square feet of building area; Located at 526‑530 Oak Street in Syracuse, NY 13203
