Regency Tower 770 James St 237 Unit Apartment Building $42,449,614 CAD ($179,112 CAD/Unit) 6.10% Cap Rate Syracuse, NY 13203

Located in the heart of Syracuse, New York, Regency Tower at 770 James Street is a premier high-rise apartment community offering 237 residential units with an impressive 98% average occupancy rate. This 15-story landmark property combines luxurious living with unparalleled convenience. The building features a diverse mix of studio, one-, two-, and three-bedroom apartments, all complemented by a heated and secure parking garage with 236 spaces for additional income potential.

Regency Tower is located in an opportunity zone and is only minutes from Syracuse University, four major hospitals, and a thriving downtown area. Residents enjoy proximity to medical and educational facilities and a vibrant local dining and shopping scene. Regency Tower's on-site amenities include a professional dental office and Attilio's, one of Syracuse's finest white-tablecloth restaurants.

Positioned approximately nine miles from Micron's upcoming semiconductor fabrication facility in Clay, New York —projected to create 50,000 jobs over the next two decades — Regency Tower is poised to benefit from significant regional growth. Syracuse's booming rental market, marked by high demand and limited supply, offers substantial opportunities for rent growth, with average monthly rents currently at $1,360.

Over the past decade, more than $10 million in capital improvements have ensured a modern and well-maintained living environment, while the property's iconic status and skyline presence make it synonymous with luxury living in Syracuse. With its strategic location, robust market fundamentals, and untapped potential for increased income, Regency Tower represents a compelling investment opportunity in one of the most competitive rental markets in the US.