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620 W Erie Blvd
Syracuse, NY 13204
CENTRAL SYRACUSE INVESTMENT/REDEVELOPMENT · Bureau Propriété À vendre
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Faits saillants de l'investissement
- This Central Syracuse Investment Opportunity is located adjacent to Downtown Syracuse and near Syracuse University
- Historically strong tenant based anchored by Federal and New York State Agencies
- Strong redevelopment opportunity with a residential component. Over $100 million of residential investment with 1-mile of site over the last 5 years.
- Tremendous upside with existing NOI of $700,000.00 (8.5% cap rate) with only 70% occupancy.
- 350 parking spaces located in lower-level garage and surrounding lots.
Résumé de l'annonce
CENTRAL SYRACUSE INVESTMENT/REDEVELOPMENT OPPORTUNITY\
Prime location on the western edge of Downtown Syracuse and close proximity to Syracuse University
3-Story, 125,000 s.f. building with lower-level parking garage.
350 parking spaces included. 85 spaces in lower-level garage and 165 located in four on-site adjacent parking lots.
Tremendous upside with $700,000.00 NOI on existing listing-an 8.5% cap rate on 70% occupancy.
Excellent future residential conversion possibility. Over $100 million in residential development has occurred with 1 mile of the site in the last 5 years alone.
Significant recent investment in building infrastructure of over $1.5 million:
2026 New Boiler and fire panel/System upgrades
2025 New cooling tower #2 and installation of property security cameras.
2024 New cooling Tower #1
2022 New HVAC management/controls upgrade
2017 New rubber-membrane roof
2009 New external elevator.
2015-2025 Replacement of numerous individual heat-pump units.
Five tax parcels are included in the sale.
620 Erie Blvd., W (Tax# 105.10-02.1)
648-62 Erie Blvd., W. (Tax#105.-10-03.0)
401 Tracy St (Tax#105.-10-05.0)
415 Tracy Street (Tax#105.-10-04.0)
100 Van Rensselaer St (Tax#105.-10-06.0)
Prime location on the western edge of Downtown Syracuse and close proximity to Syracuse University
3-Story, 125,000 s.f. building with lower-level parking garage.
350 parking spaces included. 85 spaces in lower-level garage and 165 located in four on-site adjacent parking lots.
Tremendous upside with $700,000.00 NOI on existing listing-an 8.5% cap rate on 70% occupancy.
Excellent future residential conversion possibility. Over $100 million in residential development has occurred with 1 mile of the site in the last 5 years alone.
Significant recent investment in building infrastructure of over $1.5 million:
2026 New Boiler and fire panel/System upgrades
2025 New cooling tower #2 and installation of property security cameras.
2024 New cooling Tower #1
2022 New HVAC management/controls upgrade
2017 New rubber-membrane roof
2009 New external elevator.
2015-2025 Replacement of numerous individual heat-pump units.
Five tax parcels are included in the sale.
620 Erie Blvd., W (Tax# 105.10-02.1)
648-62 Erie Blvd., W. (Tax#105.-10-03.0)
401 Tracy St (Tax#105.-10-05.0)
415 Tracy Street (Tax#105.-10-04.0)
100 Van Rensselaer St (Tax#105.-10-06.0)
Faits sur la propriété
Type de vente
Investissement ou propriétaire utilisateur
Type de propriété
Bureau
Sous-type de propriété
Taille du bâtiment
125 000 pi²
Classe d’immeuble
B
Année de construction
1988
Prix
11 235 640 $ CAD
Prix par pi²
89,89 $ CAD
Taux de capitalisation
8,54%
Revenu net d’exploitation
959 140 $ CAD
Pourcentage loué
70%
Location
Multiples
Hauteur du bâtiment
3 étages
Superficie de plancher typique
41 667 pi²
Coefficient d’occupation des sols de l’immeuble
1,30
Taille du lot
2,21 AC
Zone de développement économique
Oui
Zonage
MX-3 - Le district MX-3 a été créé pour offrir des zones propices aux piétons et favorisant le transport en commun et à usage résidentiel et commercial à plus forte densité.
Stationnement
350 places (2,8 places par 1 000 pi² loué)
Commodités
- Ligne d'autobus
- Climatisation
Impôts fonciers
| Numéros de lot | Évaluation des bâtiments | 5 143 896 $ CAD | |
| Évaluation du terrain | 783 434 $ CAD | Évaluation totale | 5 927 329 $ CAD |
Impôts fonciers
Numéros de lot
Évaluation du terrain
783 434 $ CAD
Évaluation des bâtiments
5 143 896 $ CAD
Évaluation totale
5 927 329 $ CAD
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