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Multifamily

Ballantyne Garden Apartments

161 Ballantyne Rd, Syracuse, NY 13205

Listing Price: Request For Offer

Number of Units
140
Occupancy
95.0%

Investment Overview

Marcus & Millichap is pleased to present a 140 Unit Class C Apartment Complex in the North Valley Section of Syracuse. Just minutes from the downtown area and a short walk to all shopping needs, this complex consists of four brick, three story buildings located just off Salina Street. The complex has a great unit mix of 60 one bedroom, 72 two bedroom and 8 three bedroom generously sized apartments. Landlord pays for all utilities. Heating is provided in each building by a series of Weil-Mclain boilers. Lighting throughout the complex operates on motion sensors and on-demand water units provide hot water. A state of the art tamper-proof camera system has been installed throughout the perimeter of the property which allows owner and management to see all cameras from a smartphone app 24/7. Additionally, a commercial grade keyless fob system is now in use for building access (an added security amenity not offered in any competing building in the submarket). Ballantyne Garden Apartments has on-site management, 24 hour maintenance, a coin-operated laundry room and an ample supply of parking, The well-kept grounds include two fenced-in courtyards and all property is monitored via security cameras. Units are dated but clean and all feature hardwood floors. Complex is a couple of blocks from route 81 and accepts both Section 8 and PA subsidies. Complexes that exceed 100 units are rarely traded in upstate New York. This auction event represents a great opportunity to secure or expand market share in the Syracuse metro area.

Investment Highlights

  • Great unit mix of 1, 2 and 3 bedroom apartments
  • Onsite management and 24 hour Maintenance
  • Rare 100+ unit offering
  • Spacious units with hardwood floors
  • Short walk to shopping /bus line
  • Significant value add opportunity to renovate units and increase rents to market levels

Exclusively Listed By

  • Chip Collins

    First Vice President Investments

    (201) 742-6124

    Email Chip

    License(s): NJ: 0016571, NY: 10401230649, PA: RSR001965

    New Jersey

Broker of Record

  • John Horowitz

    Broker of Record

    (718) 475-4300

    License(s) NY: 10311204479

    New York

Multifamily

Ballantyne Garden Apartments

Listing Price: Request For Offer

Number of Units
140
Occupancy
95.0%

Investment Highlights

  • Great unit mix of 1, 2 and 3 bedroom apartments
  • Onsite management and 24 hour Maintenance
  • Rare 100+ unit offering
  • Spacious units with hardwood floors
  • Short walk to shopping /bus line
  • Significant value add opportunity to renovate units and increase rents to market levels

Investment Overview

Marcus & Millichap is pleased to present a 140 Unit Class C Apartment Complex in the North Valley Section of Syracuse. Just minutes from the downtown area and a short walk to all shopping needs, this complex consists of four brick, three story buildings located just off Salina Street. The complex has a great unit mix of 60 one bedroom, 72 two bedroom and 8 three bedroom generously sized apartments. Landlord pays for all utilities. Heating is provided in each building by a series of Weil-Mclain boilers. Lighting throughout the complex operates on motion sensors and on-demand water units provide hot water. A state of the art tamper-proof camera system has been installed throughout the perimeter of the property which allows owner and management to see all cameras from a smartphone app 24/7. Additionally, a commercial grade keyless fob system is now in use for building access (an added security amenity not offered in any competing building in the submarket). Ballantyne Garden Apartments has on-site management, 24 hour maintenance, a coin-operated laundry room and an ample supply of parking, The well-kept grounds include two fenced-in courtyards and all property is monitored via security cameras. Units are dated but clean and all feature hardwood floors. Complex is a couple of blocks from route 81 and accepts both Section 8 and PA subsidies. Complexes that exceed 100 units are rarely traded in upstate New York. This auction event represents a great opportunity to secure or expand market share in the Syracuse metro area.

Exclusively Listed By

  • Chip Collins

    First Vice President Investments

    (201) 742-6124

    Email Chip

    License(s): NJ: 0016571, NY: 10401230649, PA: RSR001965

    New Jersey

Broker of Record

  • John Horowitz

    Broker of Record

    (718) 475-4300

    License(s): NY: 10311204479

    New York

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