770 James St - Apartments FOR SALE


Syracuse, NY 13203- Northside
$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
Northside


HIGHLIGHTS

  • Regency Tower is an iconic 15-story high-rise with 237 units, 98% occupancy, and a heated, secure garage offering 236 income-generating spaces.
  • Located near Syracuse University, hospitals, downtown, and Micron's upcoming semiconductor fabrication facility that projected to create 50,000 jobs.
  • Experience a self-contained community with on-site fine dining from Attilio's, commercial space, and over $10M in recent capital improvements.
  • Capitalize on a booming rental market with high demand, low vacancy, and significant growth potential in Syracuse's competitive residential sector.

OVERVIEW

Located in the heart of Syracuse, New York, Regency Tower at 770 James Street is a premier high-rise apartment community offering 237 residential units with an impressive 98% average occupancy rate. This 15-story landmark property combines luxurious living with unparalleled convenience. The building features a diverse mix of studio, one-, two-, and three-bedroom apartments, all complemented by a heated and secure parking garage with 236 spaces for additional income potential. Regency Tower is located in an opportunity zone and is only minutes from Syracuse University, four major hospitals, and a thriving downtown area. Residents enjoy proximity to medical and educational facilities and a vibrant local dining and shopping scene. Regency Tower's on-site amenities include a professional dental office and Attilio's, one of Syracuse's finest white-tablecloth restaurants. Positioned approximately nine miles from Micron's upcoming semiconductor fabrication facility in Clay, New York —projected to create 50,000 jobs over the next two decades — Regency Tower is poised to benefit from significant regional growth. Syracuse's booming rental market, marked by high demand and limited supply, offers substantial opportunities for rent growth, with average monthly rents currently at $1,360. Over the past decade, more than $10 million in capital improvements have ensured a modern and well-maintained living environment, while the property's iconic status and skyline presence make it synonymous with luxury living in Syracuse. With its strategic location, robust market fundamentals, and untapped potential for increased income, Regency Tower represents a compelling investment opportunity in one of the most competitive rental markets in the US.

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

1.3 AC

LAND SF

56,611 SF

ZONING

9

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.