Ballantyne Gardens | 161 Ballantyne Rd
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Ballantyne Gardens 161 Ballantyne Rd
140 Unit Apartment Building For Sale Syracuse, NY 13205
Investment Highlights
- Significant Upside through management, renovations and lease up
- 140 Units Good Mix of 1, 2, and 3 Bedrooms
- Excellent street exposure on Ballantyne Road
- High Demand For Apartments in Urban and Suburban Syracuse
- Unit square footage range of approximately 700 - 1,200 square feet
- Located less than 3 miles south of Downtown Syracuse/Syracuse University
Executive Summary
SVN Stora Realty is proud to present the note sale on the asset Ballantyne Garden Apartments . Ballantyne Garden Apartments is a multifamily apartment complex with excellent street exposure on Ballantyne Road and features 125,250 square feet and 140 units. Units include a mixture of 1, 2, and 3 bedroom apartments. Units range from approximately 700 - 1200 square feet.
Ballantyne Garden Apartments are located on Ballantyne Road in Syracuse, NY between Midland Avenue and South Salina Street. The 140 unit garden-style apartment property is located less than 3 miles south of Downtown Syracuse/Syracuse University and 11 miles from the Syracuse Hancock International Airport. Syracuse is home to approximately 150,000 people, with a high demand for Suburban housing. The Syracuse housing market is the fifth largest in the state. Apartment rental rates were rising at a 3.5% annual rate during the 2024.
Ballantyne Garden Apartments are located on Ballantyne Road in Syracuse, NY between Midland Avenue and South Salina Street. The 140 unit garden-style apartment property is located less than 3 miles south of Downtown Syracuse/Syracuse University and 11 miles from the Syracuse Hancock International Airport. Syracuse is home to approximately 150,000 people, with a high demand for Suburban housing. The Syracuse housing market is the fifth largest in the state. Apartment rental rates were rising at a 3.5% annual rate during the 2024.
Property Facts
| Sale Type | Investment | Lot Size | 3.25 AC |
| No. Units | 140 | Building Size | 125,250 SF |
| Property Type | Multifamily | Average Occupancy | 46% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built/Renovated | 1964/2014 |
| Building Class | C | Parking Ratio | 1.2/1,000 SF |
| Sale Type | Investment |
| No. Units | 140 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.25 AC |
| Building Size | 125,250 SF |
| Average Occupancy | 46% |
| No. Stories | 3 |
| Year Built/Renovated | 1964/2014 |
| Parking Ratio | 1.2/1,000 SF |
Unit Amenities
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Range
- Tub/Shower
- Dining Room
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- Security System
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 60 | - | 760 |
| 2+1 | 72 | - | 912 |
| 3+1 | 2 | - | 1,650 |
| 3+2 | 6 | - | 1,250 |
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PROPERTY TAXES
| Parcel Number | 311500-072-000-0014-002-000-0000 | Improvements Assessment | $2,080,600 |
| Land Assessment | $229,400 | Total Assessment | $2,310,000 |
PROPERTY TAXES
Parcel Number
311500-072-000-0014-002-000-0000
Land Assessment
$229,400
Improvements Assessment
$2,080,600
Total Assessment
$2,310,000
zoning
| Zoning Code | 006 |
| 006 |
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Ballantyne Gardens | 161 Ballantyne Rd
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