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
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.
Players
City of Syracuse MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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