Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    101 Waldorf Pkwy Syracuse, NY 13224
    Back to Search
    Property profile & analytics

    101 Waldorf Pkwy, Syracuse, NY 13224

    View on Map
    • Apartment buildings
    For Sale
    $1,900,000
    View Listing →
    DeWitt Multifamily Investment Opportunity For Sale
    $1,900,000

    DeWitt Multifamily Investment Opportunity

    15-unit apartment building near Syracuse University with upcoming upgrades.

    101 Waldorf Pkwy, Syracuse, NY 13224
    View Listing
    Property ID
    US63-6225860
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 101 Waldorf Pkwy

    Year built
    1975
    Property type
    Apartment buildings

    Description

    For Sale: Prime 15-Unit Apartment Building in DeWitt, NY An exceptional investment opportunity awaits in the heart of DeWitt, New York! This 15-unit, three-story apartment building is nestled in a quiet cul-de-sac within one of the area’s most desirable school districts. Ideal for investors or those looking to expand their property portfolio, this well-maintained building offers a unique blend of convenience, comfort, and potential for long-term returns. Key Features Premium Location: Just 4-5 minutes from Syracuse University, this property is perfectly situated for easy access to all that the university and surrounding area have to offer. The building is also boasts easy access to Interstate 81 and is close to public transportation, making commutes and travel easy and efficient. Quiet Residential Setting: Located on a tranquil cul-de-sac, the building provides residents with a peaceful living environment, while still being just minutes away from restaurants, shopping, and essential services. Excellent School District. This property is within one of DeWitt’s most sought-after school systems, enhancing its appeal to families and ensuring steady demand from tenants. Ample Parking . The building features plenty of on-site parking, a rare find in such a prime location. Residents will appreciate the convenience and security of having dedicated parking spaces. Recent and Upcoming Upgrades . All roofing and sidewalks/walkways are scheduled for replacement in 2024, ensuring the property remains in top condition and minimizing future maintenance costs. Investment Potential: This property offers a rare combination of a prime location, desirable amenities, and significant upcoming improvements, making it an excellent opportunity for both seasoned investors and those new to the market. With its proximity to Syracuse University and the high-demand DeWitt area, this building is positioned for strong rental income and potential appreciation. Don’t miss the chance to own this standout property in DeWitt, NY. Contact us today to learn more or schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Syracuse
    County
    Onondaga
    State
    New York
    Longitude
    -76.1100926
    Latitude
    43.0266886

    Comparable in this City

    • $1,295,000

      Renovated 6-Unit Building Near University

      Luxurious, renovated 6-unit building near Syracuse University.
      109 Brookford Rd, Syracuse, NY 13224
      View Details
    • Contact for pricing
      10,125 SF

      Erie Blvd Warehouse For Sale

      10,125 sqft warehouse with loading docks and parking.
      2792 Erie Blvd E, Syracuse, NY 13224
      View Details
    • Contact for pricing
      25,000 SF

      Former Retreat House in Syracuse

      Historic 25,000 SF retreat house near Syracuse universities.
      500 Brookford Rd, Syracuse, NY 13224
      View Details
    • Contact for pricing
      47,132 SF

      Syracuse Industrial Buildings on Erie

      Two well-maintained industrial buildings totaling 47,000± SF on 2.48± acres.
      2204-30 Erie Blvd E, Syracuse, NY 13224
      View Details
    • Contact for pricing

      Land For Sale Near I-690

      Land with frontage on Simon Drive, near I-690.
      119 Simon Dr, Syracuse, NY 13224
      View Details

    Similar Nearby for Sale

    • $1,295,000

      Renovated 6-Unit Building Near University

      Luxurious, renovated 6-unit building near Syracuse University.
      109 Brookford Rd, Syracuse, NY 13224
      View Details
    • Contact for pricing
      10,125 SF

      Erie Blvd Warehouse For Sale

      10,125 sqft warehouse with loading docks and parking.
      2792 Erie Blvd E, Syracuse, NY 13224
      View Details
    • Contact for pricing
      47,132 SF

      Syracuse Industrial Buildings on Erie

      Two well-maintained industrial buildings totaling 47,000± SF on 2.48± acres.
      2204-30 Erie Blvd E, Syracuse, NY 13224
      View Details
    • Contact for pricing
      25,000 SF

      Former Retreat House in Syracuse

      Historic 25,000 SF retreat house near Syracuse universities.
      500 Brookford Rd, Syracuse, NY 13224
      View Details
    • Contact for pricing

      Land For Sale Near I-690

      Land with frontage on Simon Drive, near I-690.
      119 Simon Dr, Syracuse, NY 13224
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      2,029 SF

      Professional Office Space Available

      2,029 SF office space with highway and university access.
      3125 East Genesee St, Syracuse, NY 13224
      View Details
    • Contact for pricing
      5,000 SF

      Medical Building with Flexible Suites

      Professional medical building with suites available for lease.
      2112 Erie Blvd E, Syracuse, NY 13224
      View Details
    • $355,000

      Turnkey Medical Office Space Available

      Professionally renovated medical office with suites, kitchen, and ample parking.
      127-29 Seeley Rd, Syracuse, NY 13224
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    101 Waldorf Pkwy
    Syracuse, NY 13224
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    101 Waldorf Pkwy, Syracuse, NY, 13224
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!