Syracuse, NY According to Acropolis Realty Group, Andréa Bucci, associate real estate broker, sold 679 W. Onondaga St. for $690,000.
The subject property contains 23 two-bedroom units.
J-Bon LLC was the seller, and AmeriCU provided financing for this transaction. The buyer wishes to remain anonymous.
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,