Residential Income
803 DANFORTH ST Syracuse, NY 13208
803 DANFORTH ST, Syracuse, NY, 13208
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For Sale
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Residential income property offered for sale with one unit, listed for 1 unit on Danforth St.
Property Size2,740 SF
Price / SF$116.75
Days on Market20
Property Features for 803 DANFORTH ST
General Information
- Standard status
- Active
- Size
- 2,740 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1860
Listing agency
Coldwell Banker Prime Properties
(315) 278-7860
Listed by
Susan Li · License #NY
Source
Crexi
Added: Jul 3 Updated: Jul 22 at 5:46PM Checked: Jul 22 at 5:46PM
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 Properties
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
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 | $50.3k | $18.36 |
| − Vacancy | −$3.3k | −$1.19 |
| EGI | $47.0k | $17.17 |
| − OpEx | −$21.2k | −$7.72 |
| NOI | $25.9k | $9.44 |
2,740 SF · lease $18.36/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$369.6K
$323.4K – $431.2K
NOI $25,870 @ 7.0% cap · market cap 8.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$476.2K
$416.7K – $555.5K
NOI $33,332 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
Similar For Sale Nearby
FAQs
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 $319,900.
What are key features of this property?
This property features: Year built: 1860; Residential income property listed on Danforth St.; One unit multifamily property
