601 Irving Avenue, Syracuse, NY
Redevelopment opportunity on University Hill, seller will vacate upon closing.
- Added:
- Sep 25, 2025
- Days on Market:
- 285
- Last Refresh:
- Jun 28 at 11:49 pm
Property Features for 601 Irving Avenue
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Property subtype
- Office
Listing office Syracuse Office (315) 445-8512
Listing date Sep 25, 2025
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
- Redevelopment potential makes this a unique opportunity.
- Property on University Hill, Syracuse.
- Seller will vacate upon closing.
- Formerly Beit Chayim Messianic Jewish.
Overview
Local Financial Insights For Office B
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 | $150.0k | $15.00 |
| − Vacancy | −$21.8k | −$2.18 |
| EGI | $128.3k | $12.83 |
| − OpEx | −$32.1k | −$3.21 |
| NOI | $96.2k | $9.62 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Syracuse
- County
- Onondaga
- State
- New York
- Longitude
- -76.1375
- Latitude
- 43.0441
