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    101 Waldorf Pkwy Syracuse, NY 13224

    For Sale
    $1,900,000

    15-Unit Multifamily Investment

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This stabilized, 15-unit apartment building in DeWitt, NY presents a compelling investment opportunity. Located on a quiet cul-de-sac, this three-story, Class B property offers convenient access to Syracuse University, Interstate 81, and public transportation. Built in 1975, the complex sits on a 27,443 sq ft lot and comprises three buildings. The property boasts a strong NOI of $136,189, resulting in a 7.17% cap rate, and is priced at $1,900,000 ($126,667 per unit). Residents enjoy ample on-site parking. The property benefits from its location within a highly desirable school district. Significant improvements are planned for 2024, including roof replacement and sidewalk/walkway upgrades, minimizing future maintenance expenses. This prime location, coupled with planned improvements and strong rental demand, makes this a lucrative investment opportunity with potential for long-term growth and high returns. The property's proximity to Syracuse University and easy access to major roadways further enhance its appeal. This well-maintained complex offers a blend of comfort and convenience, making it an attractive option for tenants and investors alike.

    Property Features for 101 Waldorf Pkwy

    General Information

    Property type
    Multifamily properties
    Class
    B

    Building Details

    Year Built
    1975
    Buildings
    3
    Stories
    3
    Units
    15

    HighLights

    • $1,900,000 asking price for a stabilized multifamily investment.
    • 15‑unit apartment building in DeWitt, NY, a desirable school district.
    • 7.17% cap rate with a $136,189 NOI.
    • Located near Syracuse University and Interstate 81, offering convenient access to amenities and transportation.
    • Features three buildings, three stories each, situated on a 27,443 sq ft lot, built in 1975.
    • $126,667 price per unit.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Syracuse
    County
    Onondaga
    State
    New York
    Longitude
    -76.1100804
    Latitude
    43.0267247

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    FAQs

    What type of property is this?
    Multifamily property - 15-Unit Multifamily Investment
    Where is this multifamily property located?
    The property is located at 101 Waldorf Pkwy Syracuse, NY.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: $1,900,000 asking price for a stabilized multifamily investment.; 15-unit apartment building in DeWitt, NY, a desirable school district.; 7.17% cap rate with a $136,189 NOI.
    Request Owner's contact information
    101 Waldorf Pkwy Syracuse, NY 13224
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    Syracuse, NY 13224
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    101 Waldorf Pkwy Syracuse, NY 13224
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