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7112 NY-104
Oswego, NY 13126
Lakeside Commons · Multifamily Property For Sale
·
84 Units
EXECUTIVE SUMMARY
Lakeside Commons is an institutionally-built student housing community with 84 units and 320 beds located adjacent to the SUNY Oswego Campus, in Oswego County, New York – part of the Syracuse Metro Area.
The two-level, townhome-style property was built in 2018 and comprises 12 apartment buildings constructed of wood frame with vinyl panel siding and pitched composition roofs. The property is situated on 7.4 professionally landscaped acres and features lake views.
Lakeside Commons offers a variety of two-, four-, and six-bedroom floor plans that feature numerous comforts amongst modern amenities, including private bedrooms and bathrooms; electronic door locks; large gourmet kitchens, fully furnished living areas; and full-size washers and dryers. At the Property’s apex is a state-of-the-art, luxury clubhouse featuring a great room with a fireplace, a fully equipped fitness center, a full kitchen and dining area, and the Genius Lab® study lounge.
— Purpose-Built Student Housing Property: Built in 2018, Class A Property featuring 12 Townhome-Style Buildings; 320-Bed, 84-Unit Community Adjacent to SUNY Oswego
— Diverse Unit Mix: Two-, Four-, and Six-Bedroom Unit Floor Plans; Bed/Bath Parity
— Desired Unit Features: Fully-Furnished Living Areas, Modern Kitchens with Stainless Steel Appliances and Granite Countertops, In-Unit Washer/Dryer
— Community Amenities: Luxury Clubhouse, Community Kitchen, Dining Area with Booth-Style Seating, “Genius Lab® Study Lounges, Fully-Equipped Fitness Center, Outdoor Courtyard with Fire Pits, and Basketball Court
— State University of New York (SUNY Oswego): Premier Public University in Central New York; 700-Acre Lakeside Campus; ±$1B in Campus Investments
— Off-Campus Housing Demand: Enrollment of 6,760± Students; 3,750± Students Live Off Campus
— Barriers to Entry Student Market: Only Purpose-Built Student Housing Property in Market; No Project in Pipeline for Off-Campus Development
— Vibrant Location in Oswego: Central New York Location Situated along the Southeastern Shore of Lake Ontario; Proximity to Downtown Oswego and Syracuse; Convenient to Shops, Public Parks, and Entertainment Venues
The two-level, townhome-style property was built in 2018 and comprises 12 apartment buildings constructed of wood frame with vinyl panel siding and pitched composition roofs. The property is situated on 7.4 professionally landscaped acres and features lake views.
Lakeside Commons offers a variety of two-, four-, and six-bedroom floor plans that feature numerous comforts amongst modern amenities, including private bedrooms and bathrooms; electronic door locks; large gourmet kitchens, fully furnished living areas; and full-size washers and dryers. At the Property’s apex is a state-of-the-art, luxury clubhouse featuring a great room with a fireplace, a fully equipped fitness center, a full kitchen and dining area, and the Genius Lab® study lounge.
— Purpose-Built Student Housing Property: Built in 2018, Class A Property featuring 12 Townhome-Style Buildings; 320-Bed, 84-Unit Community Adjacent to SUNY Oswego
— Diverse Unit Mix: Two-, Four-, and Six-Bedroom Unit Floor Plans; Bed/Bath Parity
— Desired Unit Features: Fully-Furnished Living Areas, Modern Kitchens with Stainless Steel Appliances and Granite Countertops, In-Unit Washer/Dryer
— Community Amenities: Luxury Clubhouse, Community Kitchen, Dining Area with Booth-Style Seating, “Genius Lab® Study Lounges, Fully-Equipped Fitness Center, Outdoor Courtyard with Fire Pits, and Basketball Court
— State University of New York (SUNY Oswego): Premier Public University in Central New York; 700-Acre Lakeside Campus; ±$1B in Campus Investments
— Off-Campus Housing Demand: Enrollment of 6,760± Students; 3,750± Students Live Off Campus
— Barriers to Entry Student Market: Only Purpose-Built Student Housing Property in Market; No Project in Pipeline for Off-Campus Development
— Vibrant Location in Oswego: Central New York Location Situated along the Southeastern Shore of Lake Ontario; Proximity to Downtown Oswego and Syracuse; Convenient to Shops, Public Parks, and Entertainment Venues
PROPERTY FACTS Under Contract
| Sale Type | Investment | Building Class | B |
| No. Units | 84 | Lot Size | 7.24 AC |
| Property Type | Multifamily | Building Size | 197,301 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1990/2018 |
| Zoning | 01 | ||
| Sale Type | Investment |
| No. Units | 84 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 7.24 AC |
| Building Size | 197,301 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1990/2018 |
| Zoning | 01 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Kitchen
- Granite Countertops
- Satellite TV
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Walk-In Closets
- Wi-Fi
- Freezer
SITE AMENITIES
- Clubhouse
- Courtyard
- Fitness Center
- Property Manager on Site
- Basketball Court
- Furnished Units Available
- Gameroom
- Media Center/Movie Theatre
- Wi-Fi
- Community-Wide WiFi
- Private Bathroom
- Roommate Matching
- Study Lounge
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $5,050,000 | |
| Land Assessment | $750,000 | Total Assessment | $5,800,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$750,000
Improvements Assessment
$5,050,000
Total Assessment
$5,800,000
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