Ackman-Ziff Represents Sale Of Retail Property In Syracuse For $18.5M
3469 Erie Blvd E, Syracuse, NY, USA
$18,500,000
$149/SF
Building Size
123,404 SF
Asset Type
Retail
Closing
Oct 20, 2021
AI
A retail property located at 3469 Erie Blvd. in Syracuse was recently sold for $18,500,000. The property spans 123,404 square feet, resulting in a price per square foot of $151. The transaction took place on October 21, 2021. The property is situated in the Syracuse market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $18,500,000
- Square Footage: 123,404
- Price Per Square Foot: $151
- Date: October 21, 2021
- Address: 3469 Erie Blvd.
- Market: Syracuse
The sale of this retail property was facilitated by brokers Andrew Nahum and David Robinov from Ackman-Ziff.
Players
City of Syracuse Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93