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Kimton Place 1313 Butternut St 36 Unit Apartment Building $1,825,000 ($50,694/Unit) Syracuse, NY 13208
INVESTMENT HIGHLIGHTS
- Attractive Basis with Clear Value Add Potential
- Desirable Unit Mix & Stable Demand
- Strong Rental Upside
EXECUTIVE SUMMARY
Cushman & Wakefield | Pyramid Brokerage Company has been retained to exclusively represent ownership (“Owner) in the sale of existing apartment building located at 1313 Butternut Street, Syracuse, New York 1320 8, (the “Property”). The property is a 100% occupied, 36-unit apartment building situated on the northside of the City of Syracuse. The property offers a mix of studio, 1 - and 2-bed units. Situated just minutes from Downtown Syracuse with easy access to public transportation and major highways. The Northside neighborhood is renowned for its diverse dining options, cultural attractions, and historic architecture.
For more information, please reach out directly to receive the NDA.
For more information, please reach out directly to receive the NDA.
PROPERTY FACTS
| Price | $1,825,000 | Building Class | C |
| Price Per Unit | $50,694 | Lot Size | 0.64 AC |
| Sale Type | Investment | Building Size | 25,488 SF |
| No. Units | 36 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1965 |
| Apartment Style | Low-Rise | Parking Ratio | 1.77/1,000 SF |
| Zoning | C | ||
| Price | $1,825,000 |
| Price Per Unit | $50,694 |
| Sale Type | Investment |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.64 AC |
| Building Size | 25,488 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1965 |
| Parking Ratio | 1.77/1,000 SF |
| Zoning | C |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | - | - |
| 2+2 | 12 | - | - |
| Studios | 12 | - | - |
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PROPERTY TAXES
| Parcel Number | 311500-010-000-0018-020-000-0000 | Improvements Assessment | $457,000 |
| Land Assessment | $64,000 | Total Assessment | $521,000 |
PROPERTY TAXES
Parcel Number
311500-010-000-0018-020-000-0000
Land Assessment
$64,000
Improvements Assessment
$457,000
Total Assessment
$521,000
CONTACTS
-
Jonathan Weinstein -
Robert Stewart -
Lucian Issa -
Cushman & Wakefield | Pyramid Brokerage Company
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Kimton Place | 1313 Butternut St
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