News: Brokerage

Sutton Real Estate completes four sales totaling $1.335 million

9 Genesee Street - Camillus, NY

 

200-206 Ulster Street - Syracuse, NY

 

Syracuse, NY Sutton Real Estate Company, LLC handled the following transactions:

  • Steve Saleski and Karen Cannata-LaRocca of Sutton brokered the sale of a three multifamily property portfolio. The total sale price was $780,000. The properties involved are 9 Genesee St., Camillus; 308 Case St., Solvay; and 200-206 Ulster St., Syracuse.
  • Cannata-LaRocca and Richard Robb of Sutton collaborated with Scott Dumas of SmartCore Consulting in the sale of 1816 West Fayette St. Cannata-LaRocca, Robb and Dumas represented the seller, and the buyer, Learning Tree LLC of Syracuse. The sale price was $315,000.
  • Cannata-LaRocca sold 112 Leo Ave. in East Syracuse. The sale price was $135,000. Cannata-LaRocca represented the seller, John Adamy. The buyer was Samphier Smooth Floors. This property consists of a 2,592 s/f building on a .83 acre lot.
  • Cannata-LaRocca sold 6528 East Seneca Tpke. in Jamesville. The property sold for $105,000. Cannata-LaRocca represented the seller.
  • Cannata-LaRocca and Kristen Nave of Sutton represented the landlord in a 3,370 s/f lease of office space at 5750 Commons Park Dr. in East Syracuse. Carole Iseneker of Pavia Real Estate represented the tenant, Mohawk Valley Retina. Terms of the lease were not disclosed.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

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,

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.