Multi-Story Office Building with
For Sale
Contact for pricing
717 E Genesee St, Syracuse, NY 13210
Approximate 6,000 SF office building with 10-space private parking and renovated second-floor offices.
Property Size6,000 SF
Price / SF$120.83
Days on Market109
Property Features for 717 E Genesee St
General Information
Standard status
Active
Size
6,000 SF
Total Parking Spaces
10
Property subtype
OFFICE
Building Details
Stories
3
Listing Agency:
Sutton Real Estate Company - Corporate
(315) 424-1111
Listed By:
Kenneth Tyminski · License #NY 30TY0923669
(315) 243-4678
Source:
Moodyscre
Added: Jul 14
Changed: Oct 26
Last Checked: Oct 30 at 6:26PM
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 - Corporate
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Investment Insights
Based on property information with market context.
Approx. 6,000 SF, multi-story office building with a private parking lot featuring 10 spaces. The first floor was previously used as a dentist office and is in need of updating, while the second floor offers fully renovated office space. The third floor is described as part of the old mansion the building used to be, and the property also includes a clean basement.
The building is located next to the Park View Hotel. Off-street parking is available on site via the private lot.
With space distributed across multiple floors and a renovated second floor, the building offers a mix of office configurations within the existing structure.
The building is located next to the Park View Hotel. Off-street parking is available on site via the private lot.
With space distributed across multiple floors and a renovated second floor, the building offers a mix of office configurations within the existing structure.
Key Highlights
- Approx. 6,000 SF office building next to the Park View Hotel
- Private parking lot with 10 spaces
- 2nd floor fully renovated office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,713
Cap Rate
7.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,154,260
$1.2M
Cap Rate 7%
$824,471
$824.5K
Cap Rate 9%
$641,256
$641.3K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$90.0K $15.00/SF
− Vacancy
−$13.1K −$2.18/SF
EGI
$77.0K $12.83/SF
− OpEx
−$19.2K −$3.21/SF
NOI
$57.7K $9.62/SF
Area
Syracuse, NY
Vacancy
14.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,154,260
Cap Rate 7%
$824,471
Cap Rate 9%
$641,256
Alternative Uses
Best Use
Office B
$824.5K
$721.4K – $961.9K
NOI $57,713 @ 7.0% cap · market cap 7.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$912.4K – $1.22M
NOI $72,991 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,281
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
Vacancy Rate% for Office in Syracuse, NY
Frequently Asked Questions
What type of property is this?
Office building - Approximate 6,000 SF office building with 10-space private parking and renovated second-floor offices.
Where is this office building located?
The property is located at 717 E Genesee St Syracuse, NY.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Approx. 6,000 SF office building next to the Park View Hotel; Private parking lot with 10 spaces; 2nd floor fully renovated office space
