ADDRESS 400 James street

Syracuse NY 13203

COUNTY Onondaga

BUILDING SF 68,250 SF

LAND ACRES 1.12

NUMBER OF UNITS 175

YEAR BUILT 1902

APN 311500 103.-03-01.0

FINANCIAL SUMMARY

OFFERING PRICE $7,000,000

PRICE PSF $102.56

PRICE PER UNIT $40,000

OCCUPANCY 95.00 %

NOI (2023) $950,069

NOI (Pro Forma) $1,103,589

CAP RATE (2023) 13.57 %

CAP RATE (Pro Forma) 15.77 %

GRM (2023) 5.36

GRM (Pro Forma) 4.68

DEMOGRAPHICS 1 MILE 3 MILE 5 MILE

2022 Population 27,820 149,923 230,566

2022 Median HH Income $28,151 $42,320 $51,678

2022 Average HH Income $49,520 $64,424 $75,084

Location Highlights

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The location of this investment is 408-422 James St, Syracuse, NY

13203. It is located 10 minutes from Micron and minutes away from

International Airport-Syracuse Hancock. Within walking distance of

the property, there are parks, museums, restaurants and several

universities such as Syracuse University, Upstate Medical

University, and Le Moyne College. The property is also situated

between interstate 690 and route 11, making travel easy and

accessible.

PROPERTY FEATURES

NUMBER OF UNITS 175

BUILDING SF 68,250

LAND ACRES 1.12

YEAR BUILT 1902

BUILDING CLASS B

NUMBER OF STORIES 6

NUMBER OF BUILDINGS 1

NUMBER OF PARKING SPACES 30

FIRE PLACE IN UNIT Yes

WASHER/DRYER Yes

FEES & DEPOSITS

PET FEE no pet fee