Syracuse, NY Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Syracuse, New York Market population: 147K. Browse multifamily, office, retail, industrial, and mixed-use investment...

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📊 Average Cap Rate For Syracuse NY Properties: 6.86%

⭐ Featured

190 Manhattan Ave, Buffalo, NY â€“ Prime Multifamily Investment with 7.56% Cap Rate

$6,500,000

Buffalo Multifamily

Discover a compelling investment in Buffaloâ€™s vibrant market with this 65,000-square-foot garden-style apartment prope...

Cap Rate 7.56%

NOI $491,400

Size 65,000 SF

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📊 Avg Property Tax Rate For Syracuse NY Properties: 3.3800%

⭐ Featured

Prime Buffalo Multifamily Investment: 12-Unit Apartment Building with 6.16% Cap Rate

$1,750,000

Buffalo Multifamily

Discover a compelling multifamily investment opportunity in Buffalo, NY. This 12-unit apartment building, priced at $1,7...

Cap Rate 6.16%

NOI $107,842

Size 8,640 SF

Save

Investor Questions For Syracuse NY

Common questions from investors exploring commercial real estate in Syracuse NY.

What is the overall investment potential of Syracuse, NY, considering its demographics and economy? +

Syracuse, NY, with a population of 147,292 and a median age of 30.4, presents a unique investment opportunity, especially considering its top industries, such as Health Care & Social Assistance and Educational Services, which can drive demand for housing. The median household income of $43,326 and a poverty rate of 29.1% suggest a need for affordable housing, while the high health insurance coverage of 95.5% indicates a level of employment stability. The city's ethnic diversity, with White, Black or African American, and Asian populations, also contributes to a vibrant community.

How does the commute time and transportation methods in Syracuse impact the quality of life for residents and, by extension, real estate investment? +

The average commute time of 18.5 minutes in Syracuse, with 73.2% of residents driving alone and 6.4% using public transportation, suggests a relatively convenient and accessible city. This, combined with a high health insurance coverage rate of 95.5%, indicates a stable and healthy workforce, which is attractive for real estate investors looking for reliable tenants. The commute methods also reflect the city's infrastructure and planning, which can influence property values and rental yields.

What role does the foreign-born population and ethnic diversity play in shaping the real estate market in Syracuse? +

The foreign-born rate of 10.3% in Syracuse, with top countries of origin including China, India, and Jamaica, contributes to the city's cultural diversity. This diversity, along with the top ethnicities of White, Black or African American, and Asian, can drive demand for specific types of housing and amenities, making Syracuse an attractive market for investors looking to cater to a multicultural community. The diversity also reflects the city's appeal to a broad range of residents, which can positively impact property values and rental demand.

How do poverty rates and health insurance coverage interact to influence the quality of tenants and investment potential in Syracuse? +

The 29.1% poverty rate in Syracuse, combined with a high health insurance coverage rate of 95.5%, suggests a working-class market with employment stability. This stability, despite the poverty rate, indicates that many residents are employed and have access to healthcare, which can lead to a more reliable tenant base for investors. The interaction between these factors points to a market where investors can find opportunities for affordable housing that meets the needs of local workers.

What insights can be gleaned from the top industries in Syracuse for real estate investment strategies? +

The top industries in Syracuse, including Health Care & Social Assistance, Educational Services, and Retail Trade, provide valuable insights for real estate investment. These industries can drive demand for specific types of housing, such as apartments near hospitals or universities, and influence the local economy's stability. The presence of these industries, combined with the city's demographic characteristics, such as a median household income of $43,326 and a GINI coefficient of 0.493, suggests a market with potential for growth and a diverse range of investment opportunities.

Syracuse NY Real Estate & City Facts

Key facts and real estate information about Syracuse NY.

What are some of the best neighborhoods to live in Syracuse? +

Some of the best neighborhoods to live in Syracuse include Westcott, University, Eastwood, Tipp Hill, Sedgwick, Strathmore, and Meadowbrook. These neighborhoods are considered safe and nice areas to live, with a mix of housing options and local amenities. However, it's always a good idea to do your own research and visit the neighborhoods in person to get a feel for the area.

What are some fun things to do in Syracuse? +

There are plenty of fun things to do in Syracuse, including visiting the Erie Canal Museum, exploring the Rosamond Gifford Zoo, and checking out the Destiny USA shopping center. You can also visit the WonderWorks attraction, which is an amusement park for the mind with 40,000 square feet of edu-tainment. Additionally, there are many great parks and outdoor spaces, such as Clark Reservation and Green Lakes, which offer beautiful scenery and opportunities for hiking and outdoor activities.

What is the food scene like in Syracuse? +

The food scene in Syracuse is diverse and delicious, with a range of options to suit every taste and budget. Some popular restaurants include Dinosaur Bar-B-Que, Kitty Hoynes Irish Pub & Restaurant, and Lemon Grass. You can also find great food at local eateries like Pastabilities, Mother's Cupboard, and Prison City Pub & Brewery. There are also plenty of great food trucks and markets to explore, offering everything from traditional American fare to international cuisine.

What are the pros and cons of living in Syracuse? +

Syracuse has a lot to offer, including a low cost of living, a diverse range of cultural attractions, and a strong sense of community. However, the city also faces some challenges, such as a high poverty rate and limited job opportunities in certain industries. Additionally, the winters can be cold and snowy, which may not be ideal for everyone. Overall, Syracuse is a great place to live for those who value affordability, community, and a mix of urban and outdoor activities.

Is Syracuse a good place to live? +

Syracuse can be a great place to live, depending on your individual preferences and priorities. The city has a lot to offer, including a rich cultural scene, a diverse range of neighborhoods, and a strong sense of community. However, it's also important to consider the potential downsides, such as the cold winters and limited job opportunities in certain industries. Ultimately, whether Syracuse is a good place to live will depend on your individual circumstances and what you're looking for in a city. It's a good idea to visit the city and get a feel for the area before making a decision.

Syracuse, NY Commercial Investment Properties for Sale

Don’t just search properties. See why investors choose REI Capital.

📊 Average Cap Rate For Syracuse NY Properties: 6.86%

190 Manhattan Ave, Buffalo, NY â€“ Prime Multifamily Investment with 7.56% Cap Rate

📊 Avg Property Tax Rate For Syracuse NY Properties: 3.3800%

Prime Buffalo Multifamily Investment: 12-Unit Apartment Building with 6.16% Cap Rate

Investor Questions For Syracuse NY

Syracuse NY Real Estate & City Facts

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