Snowdon Apartments | 400-408 James St
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Snowdon Apartments 400-408 James St
179 Unit Apartment Building $5,000,000 ($27,933/Unit) Syracuse, NY 13203
Investment Highlights
- Beautiful brick building built in 1902.
- Marble stairs going up to the front porch with large white pillars.
Executive Summary
Prime investment .A great opportunity to own 179 units in downtown Syracuse area. The Snowdon is also within walking distance from downtown Syracuse (Armory Square, Landmark Theatre, Salt City Market, Everson Museum of Art, and much more). There are one (1) and two (2) bedroom apartments as well as studios apartments and single-room occupancy. The building has six (6) floors and was designed by architect Archimedes Russell and built in 1902. Cash flow already in place. It has four-foot-thick limestone foundation, and charming balconies, and also a parking lot. Snowdon is a little over a mile away from Syracuse University, Saint Joseph's hospital, SUNY Upstate Medical University, Crouse Irving, SUNY ESF, and Le Moyne College. The Snowdon is located within an 11-minute drive to the Syracuse Hancock International Airport and minutes from the Route 81 & 690.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $5,000,000 | Lot Size | 0.34 AC |
| Price Per Unit | $27,933 | Building Size | 79,632 SF |
| Sale Type | Investment | Average Occupancy | 80% |
| No. Units | 179 | No. Stories | 6 |
| Property Type | Multifamily | Year Built | 1902 |
| Property Subtype | Apartment | Parking Ratio | 0.44/1,000 SF |
| Apartment Style | Mid Rise | Opportunity Zone |
Yes
|
| Building Class | B |
| Price | $5,000,000 |
| Price Per Unit | $27,933 |
| Sale Type | Investment |
| No. Units | 179 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.34 AC |
| Building Size | 79,632 SF |
| Average Occupancy | 80% |
| No. Stories | 6 |
| Year Built | 1902 |
| Parking Ratio | 0.44/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Storage Space
- Heating
- Kitchen
- Refrigerator
Site Amenities
- Controlled Access
- Laundry Facilities
- Furnished Units Available
- Laundry Service
- Trash Pickup - Curbside
- Elevator
- Lounge
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Walk Score ®
Very Walkable (87)
PROPERTY TAXES
| Parcel Number | 311500-103-000-0003-001-000-0000 | Total Assessment | $1,550,000 (2023) |
| Land Assessment | $122,000 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,428,000 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
311500-103-000-0003-001-000-0000
Land Assessment
$122,000 (2023)
Improvements Assessment
$1,428,000 (2023)
Total Assessment
$1,550,000 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
zoning
| Zoning Code | 009 (Residential and commercial) |
| 009 (Residential and commercial) |
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Arquette & Associates,realtors
Snowdon Apartments | 400-408 James St
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