109 Warren St Syracuse, NY 13202

Property Details for 109 Warren St

Year built

1927

Lot size

0.59 lot acres

Property size

233,825 SF

Property type

Apartment buildings

Description

This exceptional Class A multifamily investment opportunity presents the State Tower, a 22-story building located at 109 South Warren Street in Syracuse, New York's Hanover Square. Originally constructed in 1927 and extensively renovated in 2018, this stabilized asset boasts 233,825 square feet and offers 166,953 square feet of net rentable space. The building comprises 61 units with a strong 89.51% occupancy rate. The property sits on a 0.59-acre lot and includes a secure, attached parking garage with 109 spaces. The building's diverse tenant base includes residential, office, retail, and data users, reflecting its mixed-use nature. This prime downtown Syracuse location offers convenient access to various amenities and services. The State Tower represents a compelling investment opportunity in a thriving urban setting. The building's recent renovations ensure modern amenities and efficient operations, contributing to its strong performance and potential for future growth. This single building property offers a unique blend of history and modern functionality, making it an attractive asset for discerning investors. The property's location in the vibrant Hanover Square area provides excellent access to local businesses, transportation, and cultural attractions.

Location Insight

City

Syracuse

County

Onondaga

State

New York

Longitude

-76.1508

Latitude

43.0502