516 ProspectSyracuse, NY 13208

Off market
$880,400 Estimated
  • Office buildings
  • 11,560 SF

Property Details for 516 Prospect

Year built
1974
Lot size
0.34 AC
Property size (Sq ft)
11,560 SF
Zone code
20
Property type
Office buildings
APN
311500 008.-17-21.0
APU
31150000817210

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,866,746
    6.5%
    $1,723,150
    7%
    $1,600,068
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,056,101
    Geo Method
    $1,510,430
  • Alternative Use

    Use
    Valuation
    Residential
    $2,136,706
    Hospitality
    $1,957,212
    Educational
    $1,628,377
    Medical
    $1,684,380
    Retail
    $2,533,031
516 Prospect, Syracuse, New York

Location Insight

City
Syracuse
County
Onondaga
State
New York
Latitude
43.0592
Longitude
-76.1514
CBSA code
45060
CBSA name
SYRACUSE, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
-
$38,000
$842,400
$880,400
-
$58,915
$1,306,046
$1,364,961

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