Q2 2012 Syracuse, New York Office Property Sales Analysis

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Q2 2012 Syracuse, New York Office Property Sales Analysis


There was one qualifying office sale in Syracuse in the second quarter of 2012, Reis reports. The previous sale was in the fourth quarter of 2010. The single first quarter sale was the June transaction of a 37,524-square-foot building at 400 W. Division Street in the North Central Submarket. The property sold for $4.6 million ($124 psf). The estimated going-in cap rate was 7.1%. .