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10675724
8974990

709 E Genesee St, Syracuse, NY 13210

MK
NY 30KA0534709
Cushman & Wakefield Pyramid Brokerage Company Syracuse
Listed by Cushman & Wakefield Pyramid Brokerage Company Syracuse
$1,850,000
1299 days on market
Updated 89 days ago
Opportunity zone

United Uniform/Lofts At 709

Details
Property Type Multifamily, Retail
Sub Type Apartment Building
Square Footage 9,036
Units 5
Occupancy 50%
Tenancy Vacant
Lease Type Net
Class A
Year Renovated 2014
Buildings 1
Acreage 0.041
Investment Type Owner/User

7 Blocks from downtown, onsite parking, near SUNY, Syra U (student housing) renovated building

Marketing description

Investment Property (apartments) are fully occupied w/ one (1) year leases. First floor (4,500 sq ft) is available for lease or for User/Buyer. Pass through Operating Expenses equal $7.94/SF. All Five (5) apartments contain Hardwood Floors, Granite Counter Tops, Stainless Steel Appliances, in-unit Washing Machines and Dryers, Flat Screen Televisions, and three (3) of the five (5) Apartments have Gas Fireplaces. The total Interior was taken down to the studs and rebuilt on both floors in 2014 including new porous pavement Parking Lot, new Exterior Facade, Windows and Roof. Lot Dimensions: 49'x357' and runs from East Genesee Street to East Fayette Street and offers 23 cars of dedicated, onsite parking. Well Located within walking distance to Downtown Syracuse, Syracuse University, State University of New York School of Environmental Science and Forestry, and State University of New York Hospital and three (3) new Privately Owned (Syracuse University) Student Housing Developments (with more “under development” within 3 City Blocks of 709 East Genesee Street (1200+ New Student Beds). Property is Adjacent to the 277 Room Crown Plaza Hotel being converted to Market Rate Apartments (2026 delivery) and a proposed $40,000,000 mid-rise apartment development diagonally across East Fayette Street.


Investment highlights

  • 4,500± Sf of Wide-open Retail or Office Space on the Firstfloor Space Available for Lease
  • 4,500± Sf Retail Ideal for User Investor for Having the Benefit of 2nd Floor (5) Apartments Fully Renovated and Fully Leased for the Benefit of Residual Income.
  • Walking Distance to Syracuse University, Regional Hospitals, Downtown Syracuse, Municipal Government, and East Genesee Street Retail District, and Crown Plaza Hotel Next Door.
  • on Site Parking (23).
  • Building Renovated in 2011 “down to the Studs”. Renovations Included: New Roof, Sheetrock, Mechanicals, Exterior Façade, Windows, Complete Interior Rebuild and Save the Rain Porous Paving Parking Lot.

Listing Contacts

MK
NY 30KA0534709
Cushman & Wakefield Pyramid Brokerage Company Syracuse
Listed by Cushman & Wakefield Pyramid Brokerage Company Syracuse

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