709 Genesee St Syracuse, NY 13210-1505
Property profile & analytics
709 Genesee St Syracuse, NY 13210-1505
- Office buildings
- 8,816 SF
- 0.41 lot acres
Property ID
US63-1448978
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.
Location Intelligence
Current Use by Public Records
- Lofts at 709 / Home Decor Store / Department Store
Property Details for 709 Genesee St
- Year built
- 1930
- Lot size
- 0.41 lot acres
- Property size
- 8,816 SF
- Zone code
- 10
- Property type
- Office buildings
- APN
- 311500 048.-01-10.0
- APU
- 31150004801100
Description
This exceptional investment property, located at 709 E Genesee St in Syracuse, NY, presents a compelling opportunity. The 9,036 square foot building, renovated in 2014, combines retail and multifamily uses. The property features five fully renovated apartments, each boasting hardwood floors, granite countertops, stainless steel appliances, in-unit laundry, and flat-screen TVs. Three apartments include gas fireplaces. The extensive 2014 renovation encompassed a complete interior rebuild, new roof, exterior façade, windows, and a porous parking lot accommodating 23 vehicles. The lot itself measures 49' x 357' and extends from East Genesee Street to East Fayette Street. Approximately 4,500 square feet of ground-floor retail or office space is available for lease, offering significant upside potential. This property benefits from its prime location, just seven blocks from downtown Syracuse, near Syracuse University and SUNY ESF, and adjacent to the Crown Plaza Syracuse Hotel. The area is experiencing significant growth in student housing, with several new developments nearby. The current occupancy is 50%, with a new ten-year net lease effective March 2024. Operating expenses pass-through equals $4.00/SF. This is an ideal opportunity for an investor seeking a blend of immediate rental income and future development potential in a thriving urban setting. The property is zoned for both retail and multifamily use.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Syracuse
- County
- Onondaga
- State
- New York
- Longitude
- -76.1414
- Latitude
- 43.048
- CBSA code
- 45060
- CBSA name
- SYRACUSE, NY METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$0.00
$210,000
$335,000
$545,000
-
$325,581
$519,380
$844,961
