Apartment Building With Street-Level
For Sale
Contact for pricing
900 East Fayette Street, Syracuse, NY 13210
Student housing property combines apartment layouts with ground-floor commercial space near Syracuse University.
Property Size53,688 SF
Price / SF$232.83
Days on Market55
Property Features for 900 East Fayette Street
General Information
Standard status
Active
Size
53,688 SF
Class
C
Total Parking Spaces
15
Property subtype
Multifamily, Mixed Use
Zoning
010
Occupancy
92%
Units
Unit Mix
14 x furnished 1BR (691 SF), 16 x unfurnished 1BR (697 SF), 12 x furnished 2BR (1849 SF)
Multifamily Units
42
Additional Details
Road Access
Yes
Building Details
Year Built
2018
Buildings
1
Units
42
Tenancy
Multi
Listing Agency:
GREA
Listed By:
Adam Sokolowski · License #10401388938
Source:
Crexi
Added: Aug 26
Changed: Oct 18
Last Checked: Oct 19 at 5:07AM
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 GREA
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2018, this 53,688-square-foot apartment property combines student housing with approximately 10,000 square feet of street-level retail. The residential component includes furnished and unfurnished one-bedroom apartments alongside furnished two-bedroom layouts, with oversized interiors and modern finishes. The property is currently 92% occupied and incorporates both adaptive reuse and purpose-built construction. Zoning is identified as 010.
The asset is located at 900 East Fayette Street in Syracuse, New York, approximately a 10-minute walk or 5-minute bike ride from Syracuse University. Its retail component is leased to four tenants under structured agreements with contractual escalations, adding a commercial component to the residential operation. New property management by the United Group of Companies is prepared to continue after a sale. Syracuse University and Micron Technology’s semiconductor campus in Clay are identified as major demand anchors for the surrounding market.
The asset is located at 900 East Fayette Street in Syracuse, New York, approximately a 10-minute walk or 5-minute bike ride from Syracuse University. Its retail component is leased to four tenants under structured agreements with contractual escalations, adding a commercial component to the residential operation. New property management by the United Group of Companies is prepared to continue after a sale. Syracuse University and Micron Technology’s semiconductor campus in Clay are identified as major demand anchors for the surrounding market.
Key Highlights
- 53,688‑square‑foot apartment property built in 2018
- Approximately 10,000 SF of street‑level retail across four tenants
- Current occupancy of 92%
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$506,902
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,138,040
$10.1M
Cap Rate 7%
$7,241,457
$7.2M
Cap Rate 9%
$5,632,244
$5.6M
Market Conditions
NOI Build-Up for 53,688 SF
Gross rent
$985.7K $18.36/SF
− Vacancy
−$64.1K −$1.19/SF
EGI
$921.6K $17.17/SF
− OpEx
−$414.7K −$7.72/SF
NOI
$506.9K $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%
$10,138,040
Cap Rate 7%
$7,241,457
Cap Rate 9%
$5,632,244
Alternative Uses
Best Use
Apartment 5plus
$7.24M
$6.34M – $8.45M
NOI $506,902 @ 7.0% cap · market cap 4.06%
Second Best
Mixed Use
$6.88M
$6.02M – $8.03M
NOI $481,581 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$9.33M
$8.16M – $10.89M
NOI $653,121 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
42
Residential units
92%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,529
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Student housing property combines apartment layouts with ground-floor commercial space near Syracuse University.
Where is this apartment building located?
The property is located at 900 East Fayette Street Syracuse, NY.
What is the asking price?
The asking price for this property is $12,500,000.
What are key features of this property?
This property features: 53,688‑square‑foot apartment property built in 2018; Approximately 10,000 SF of street‑level retail across four tenants; Current occupancy of 92%
