415 Clinton St Syracuse, NY 13202
- Investment properties
- 22,184 SF
- 0.12 lot acres
Current Use by Public Records
- GILDED CLUB / Bar / Event Venue
Property Details for 415 Clinton St
- Year built
- 1874
- Lot size
- 0.12 lot acres
- Property size
- 22,184 SF
- Zone code
- 16
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 311500 101.-05-15.0
- APU
- 31150010105150
Description
This exceptional four-story high-rise building at 415 S Clinton St in Syracuse, NY, presents a unique investment opportunity. Boasting a total of 27,080 square feet on a 0.12-acre lot, the property underwent a complete renovation in 2020. The building comprises fifteen one-bedroom apartments, providing strong rental income potential. Atop the building sits a luxurious four-bedroom penthouse suite, complete with private roof access, offering a premium rental opportunity or owner occupancy. Adding to the investment appeal is a substantial 2000+ square foot commercial space on the ground floor, currently leased and generating income. The building's recent renovation ensures modern amenities and efficient operation, minimizing maintenance needs. Located in Syracuse, NY, this property benefits from a desirable urban setting with convenient access to local amenities and transportation. The asking price for this mixed-use property is $4,000,000. This is an excellent opportunity for investors seeking a diversified portfolio with strong rental income and potential for future appreciation. Please note that the commercial space is currently occupied, and tenants should not be disturbed.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $715,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $535,000
- 6.5%
- $575,000
- 7%
- $490,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $530,000
- Geo Method
- $480,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $465,000
- Retail
- $485,000
- Mixed-Use
- $485,000
- Hospitality
- $440,000
- Educational
- $490,000
- Residential Income
- $535,000
- Energy
- $565,000
- Income-Based Land
- $455,000
- Food Service
- $455,000
Location Insight
- Map
- Local Demand
- City
- Syracuse
- County
- Onondaga
- State
- New York
- Longitude
- -76.1532
- Latitude
- 43.0476
- CBSA code
- 45060
- CBSA name
- SYRACUSE, NY METROPOLITAN STATISTICAL AREA