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3469 Erie Blvd E, Syracuse,...

Ackman-Ziff Represents Sale Of Retail Property In Syracuse For $18.5M
SOLDRetail

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

David Robinov

Ackman-Ziff

Broker

$37M

vol

2 deals

Broker

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