Residential Income
For Sale
$299,900
803 Danforth St, Syracuse, NY 13208
Residential income property offered for sale with one unit, listed for 1 unit on Danforth St.
Property Size2,740 SF
Price / SF$109.45
Days on Market112
Property Features for 803 Danforth St
General Information
Standard status
Active
Size
2,740 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
1
Building Details
Year Built
1860
Listing Agency:
Coldwell Banker Prime Prop,Inc
Listed By:
Susan Li
(315) 278-7860
Source:
Skinnercnyrealty
Added: Jul 8
Changed: Oct 25
Last Checked: Oct 24 at 8:30PM
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 Coldwell Banker Prime Prop,Inc
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Investment Insights
Based on property information with market context.
This residential income property is offered for sale as a one-unit multifamily. The offering is described publicly as a single unit configuration.
The property is located at 803 Danforth St in Syracuse, NY. The public remarks provided do not include additional details on layout, condition, or building improvements.
Additional information beyond the one-unit description, including any current occupancy, rent roll, or property specifics, is not included in the materials provided.
The property is located at 803 Danforth St in Syracuse, NY. The public remarks provided do not include additional details on layout, condition, or building improvements.
Additional information beyond the one-unit description, including any current occupancy, rent roll, or property specifics, is not included in the materials provided.
Key Highlights
- Year built: 1860
- Residential income property listed on Danforth St.
- One unit multifamily property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,870
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,400
$517.4K
Cap Rate 7%
$369,571
$369.6K
Cap Rate 9%
$287,444
$287.4K
Market Conditions
NOI Build-Up for 2,740 SF
Gross rent
$50.3K $18.36/SF
− Vacancy
−$3.3K −$1.19/SF
EGI
$47.0K $17.17/SF
− OpEx
−$21.2K −$7.72/SF
NOI
$25.9K $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%
$517,400
Cap Rate 7%
$369,571
Cap Rate 9%
$287,444
Alternative Uses
Best Use
Apartment 5plus
$369.6K
$323.4K – $431.2K
NOI $25,870 @ 7.0% cap · market cap 8.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$476.2K
$416.7K – $555.5K
NOI $33,332 @ 7.0% cap · market cap 11.11%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
775
Businesses Nearby
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Business Placement
Demographics for 13208, NY
23,603
Population
10,325
Households
2.3
Avg Household Size
33
Median Age
19%
College-Educated
77%
High-School Grad
4.1 sq mi
ZIP Area
5,757
Density / Sq Mi
$40,641
Median Household Income
$35,015
Median Earnings
$999
Median Rent
$110,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Residential income property offered for sale with one unit, listed for 1 unit on Danforth St.
Where is this multifamily property located?
The property is located at 803 Danforth St Syracuse, NY.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Year built: 1860; Residential income property listed on Danforth St.; One unit multifamily property
