400-422 James Street, Syracuse, NY 13206
Listing ID |
11233524 |
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Property Type |
Multi-Unit (5+) |
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County |
Onondaga |
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Township |
Syracuse |
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School |
SYRACUSE CITY SCHOOL DISTRICT |
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Total Tax |
$87,573 |
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Tax ID |
103.-03-01.0 |
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FEMA Flood Map |
fema.gov/portal |
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Year Built |
1902 |
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The Snowdon Apartment Complex | For Sale |
**Unpriced** The building is a Romanesque Revival building designed by Archimedes Russell in 1902. Positioned at a prime location near a prominent gateway to Downtown Syracuse, this property offers tenants the advantage of being in proximity to all downtown amenities. The building, comprising 166 Units 175 Rooms Multifamily/SRO, with a projected NOI of $1.103M for 2025. The current owners who were managing for prior ownership have been taking great strides to evict, fix-up, rent vacancies and increase rents to stabilize the asset for a new buyer to value add. The Snowdon is currently 78% occupied. The potential for enhancing value is substantial. By investing approximately $1.5M in renovations, an operator can combine the remaining single rooms, thus augmenting the gross operating income and progressively elevating rents. The current on-site management is open to continuing their roles for a period of transition, further enhancing the appeal of this acquisition. Please contact for full Offering Memorandum and Financials.
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- 65535 SF
- 1.29 Acres
- Built in 1902
- 6 Stories
- Available 1/03/2024
- Full Basement
- Lower Level: Finished
- Hardwood Flooring
- Vinyl Flooring
- Steam Radiators
- Wall/Window A/C
- Masonry - Brick Construction
- Brick Siding
- Rubber Roof
- Municipal Water
- Municipal Sewer
- Street View
- City View
- 1 Passenger Elevator
- 30 Parking Spaces
- Total Exp $357,671
- Paid by Landlord: Electric, Heat, Gas, Water, HVAC, Cleaning, Insurance, Parking, Ord. Maint., Struct. Maint., Ground Maint.
Listing data is deemed reliable but is NOT guaranteed accurate.
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