941 James St | Syracuse, NY 13203
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- LoopNet Team
941 James St
Syracuse, NY 13203
Chestnut Crossing · Multifamily Property For Sale · 135 Units
Investment Highlights
- Three-building, garden-style apartment complex with on-site laundry and tenant parking.
- Prime location just outside of Downtown Syracuse, approximately one mile north of I-80 and I-81.
- Opportunity to acquire a cash-flowing asset with the ability to add value through leasing, approximately 95.6%-occupied as of December 14th, 2020.
- With a vacancy rate of around 4.5%, apartment rents in the Syracuse market have seen 12-month rent growth at a ±3.5% annual rate.
PROPERTY FACTS
| No. Units | 135 | Building Size | 78,009 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low Rise | Year Built/Renovated | 1965/2018 |
| Building Class | C | Parking Ratio | 1.03/1,000 SF |
| Lot Size | 1.98 AC |
| No. Units | 135 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 1.98 AC |
| Building Size | 78,009 SF |
| Average Occupancy | 97% |
| No. Stories | 3 |
| Year Built/Renovated | 1965/2018 |
| Parking Ratio | 1.03/1,000 SF |
Unit Amenities
- Cable Ready
- Heating
- Tile Floors
- Kitchen
- High Speed Internet Access
Site Amenities
- Fitness Center
- Laundry Facilities
- Property Manager on Site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 90 | - | - |
| 1+1 | 45 | - | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $3,499,600 | |
| Land Assessment | $460,400 | Total Assessment | $3,960,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$460,400
Improvements Assessment
$3,499,600
Total Assessment
$3,960,000
zoning
| Zoning Code | OA (Office District, Class A) |
| OA (Office District, Class A) |
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