Champion Real Estate Co. Acquires Syracuse Student Housing Portfolio For $65M
Syracuse, New York, United States
$65,000,000
Building Size
—
Asset Type
—
Closing
Mar 31, 2022
About this deal
AI
The Student Housing portfolio in Syracuse has been sold for a staggering $65,000,000. The portfolio consists of multiple properties catering to the student housing market.
Summary of transaction details
- Property Type: Student Housing
- Transaction Amount: $65,000,000
The buyer of the portfolio is Champion Real Estate Co., a prominent real estate company. The transaction was facilitated by Ken Wellar and Douglas Sitt from Rittenhouse Realty Advisors, who represented the buyer in this deal.
The commercial sale at Syracuse, New York, United States in City of Syracuse, New York sold for $65M in 2022. Douglas I. Sitt, Kenneth (Ken) Wellar, Global Real Estate Advisors (GREA), Rittenhouse Realty Advisors appear on the sale alongside Global Real Estate Advisors (GREA), Rittenhouse Realty Advisors. This page is the City of Syracuse, New York file for the Syracuse, New York, United States commercial sold: pricing, party profiles, and other closed commercial comps from the same City of Syracuse sit in the Market section below. Filter that City of Syracuse commercial set by closing date to see what else sold near Syracuse, New York, United States around 2022. Published consideration for Syracuse, New York, United States is $65M, dated 2022. Cite this Champion Real Estate Co. Acquires Syracuse Student Housing Portfolio For $65M sale when underwriting similar commercial product around City of Syracuse, New York.
On the Map
$65,000,000
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City of Syracuse CRE Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93