221 Herald Place
Syracuse, NY, 13202 $ 975,000
Bedrooms-- Baths-- Sq 7,644 Monthly Estimate*
$ 6,156
for $975,000. This 7,644 square foot building was built in 1930 on a lot size of 0.0428.
Rare opportunity to own a distinctive mixed-use brick building on a high-visibility street corner in downtown Syracuse, on the same block as the original Dinosaur Bar-B-Que. Completely gutted and rebuilt from the shell in 2014. This well-located property combines four fully renovated two-story, two-bedroom residential units with a spacious ±1,600 SF commercial space, offering both strong residential income and flexible street-level commercial use in one of the city’s most active corridors. The busy downtown corner delivers excellent visibility, walkability, and foot traffic, steps from Dinosaur BBQ, Apizza Regionale, Armory Square, Clinton Square, the Onondaga Creekwalk, and the growing mix of restaurants, offices, and residential conversions that define this part of downtown. The classic brick building features updated mechanicals throughout, with four renovated two-story, two-bedroom apartments that give residents more living space and a townhouse-like feel uncommon in downtown stock, plus a ground-level commercial suite of approximately 1,600 SF well-suited for retail, commercial, professional office, or service use. Off street parking is available through the parking lot next to Krells. Each apartment has a secured storage unit and coin-operated laundry in the basement for additional income and convenience for tenants. Zoned MX-5, considered the most flexible zoning in the city for endless possibilities. This is a hard-to-find combination of character brick building, renovated two-story apartments, sizable commercial space, and a true downtown corner next to one of Syracuse’s most recognizable destinations. Opportunities like this do not come around often. Contact for details, financials, and a private showing.
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FeaturesGeneralSewer PublicSewer
Heating Gas ForcedAir
Cooling CentralAir
Utilities ElectricityConnected SewerConnected WaterConnected
Possession CloseOfEscrow
Roof Flat
Zoning MX-5
Construction Materials Brick
School District Syracuse
Year Built 1930
Stories Count 3
Township Not Applicable
Property Subtype Apartment
County Onondaga
Property Type CommercialSale
Status Active
City Syracuse
High School District Syracuse
Zoning Description Commercial
Number Of Units Total 5
MLS Area Syracuse City-311500
Lot Size Units Acres
Lot Size Square Feet 1863.0
Year Built Details Existing
Tax Annual Amount 14654.0
Property Condition Resale
Lease Considered Y/N No
Virtual Tour https://www.propertypanorama.com/instaview/syr/S1710792 https://www.propertypanorama.com/instaview-tour/syr/S1710792
Standard Status Active
Middle/Junior School District Syracuse
Elementary School District Syracuse
Tax Assessed Value 310000
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 1
Property Sub Type Additional Apartment MixedUse Commercial
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InteriorBasement Full
Flooring Hardwood Varies
Total Fireplaces 0
Total Stories 3
Basement (Y/N) Yes
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Main Level Bathrooms 0
Total Baths 0
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ExteriorLot Features Rectangular RectangularLot
Water Source Public
Total Parking 6.0
Inclusions Building Only
Lot Size Area 0.0428
Number of Buildings 1
Building Area Total 7644.0
Lot Dimensions 20X90
Lot Size Acres 0.0428
Waterfront Y/N No
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* Excluded FeaturesList ByHunt Real Estate EraBroker
Affordability Calculator
- Monthly Principal & Interest
- $6,156
- Monthly Property Taxes
- $1,221
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Syracuse, NY
Average List Price $414,154
Percent of Sale Price 58%
About Syracuse, NY 143,248 Population
-3% Since 2002
$ 34,038 Median Income
32.67 Median Age
23% Households with Children
Trends Information provided by ATTOM Data Solutions.
247387 Elementary School
247878 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/31/2026 | $975,000 | | Listed Price |