770 James St - Apartments FOR SALE


Syracuse, NY 13203
$29,500,000 USD
315-870-1419
770 James St, Syracuse, NY for Sale
$29,500,000 USD
Apartments - FOR SALE
1/44
null | 6.1% Cap Rate

770 James St
Syracuse, NY 13203


HIGHLIGHTS

  • Current Occupancy: ±98% (10./1/24)
  • Avg. Monthly Rent: $1,360 ($1.1/SF) with room for rent growth
  • Heated, secure parking garage with 236 spaces offering additional income
  • More than $10 million in CapEx over the past 5-10 years
  • Located in proximity to Syracuse University and four hospitals including SUNY Upstate University Hospital
  • Approximately 9 mi. from Micron's proposed semiconductor fabrication facility in Clay, NY.

OVERVIEW

Regency Tower is located within the city of Syracuse and is a self-contained high-rise apartment community featuring 237 residential units plus supporting commercial space, including an on-site periodontist/dentist and Attilio‘s, one of the city‘s most popular high-end restaurants. Regency Tower is located just minutes from Syracuse University, four local hospitals and a multitude of related medical and educational facilities and support services. This asset is also within walking distance to the heart of downtown Syracuse and approximately 9 miles from Micron‘s proposed semiconductor fabrication facility, an investment that is projected to create upwards of 50,000 jobs in the region over the next two decades. Visit the property website www.regencytowersyracuse.com to sign the confidentiality agreement to access the detailed offering memorandum.

FOR SALE DETAILS

PRICE

$29,500,000 USD

PRICE/SF

$103 USD /SF

# OF UNITS

237

PRICE/UNIT

$124,473

CAP RATE

6.1%

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Regency Tower

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Hi-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

15

YEAR BUILT

1962

PARKING SPACES

303

LAND DETAILS

LAND ACRES

1.51 AC

LAND SF

65,776 SF

ZONING

MX-4 Urban Core

APN/PARCEL ID

311500-018-000-0001-006-000-0000

ASK ABOUT THIS PROPERTY

Lawrence PapaleoCBRE Upstate NYMore Info
315-870-1419

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Lawrence PapaleoCBRE Upstate NYMore Info
315-870-1419

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.