Updated Dec 18, 2023
Affordable Housing Investment Acquires Multifamily Property In Syracuse & Black River For $11.3M
301 Columbus Ave, Syracuse, NY, USA
$11,300,000
$205/SF
Building Size
55,089 SF
Asset Type
MultiFamily
Closing
Oct 31, 2021
About this deal
AI
A multifamily property located at 301 Columbus Ave. in Syracuse and 120 Stone Dr. in Black River has been sold for a total of $11,300,000. The property consists of 141 units with a total square footage of 55,089. The sale price per square foot was $205, and the price per unit was $80,141. The lot dimensions are 80 ft x 172 ft.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,300,000
- Market: Syracuse & Black River
- Zoning: 006
The sale was brokered by Kyle Shoemaker and Neal Wolf from Affordable Housing Investment.
Please note that no additional information is available.
On the Map
$11,300,000
$205/SF
MultiFamily
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Players
City of Syracuse MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.40%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93