OVERVIEW

Investment property (all apartments are fully occupied as of 9/22/25). Passthrough operating expenses equal $7.94/SF. All five (5) apartments contain hardwood floors, granite counter tops, stainless steel appliances, in-unit washing machines and dryers, flat screen televisions, and three (3) of the five (5) apartments have gas fireplaces. Total interior was taken down to the studs and rebuilt on both floors in 2014 including new porous 23 car parking lot, new exterior facade, windows and roof. Lot dimensions: 49'x357' and runs from East Genesee Street to East Fayette Street. Well located within walking distance to downtown Syracuse, Syracuse University, ESF, and State University of NY Hospital and three (3) new privately owned student housing developments within 3 city blocks of 709 East Genesee Street (1200+ new student beds). Property is adjacent to the former Crown Plaza Hotel, being converted to market rate apartments, Syracuse Stage and across the street from a proposed $40,000,000 mid-rise, new market rate apartment building.