1117 W Fayette Street #104, Syracuse, NY 13204 | MLS #S1669380 | HUNT Real Estate
 
  • 95 days on site
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Own Your Future - 1-Bedroom Condominium at The Lofts at 1117 Brand-new, energy-efficient 1-bedroom condominiums located on W. Fayette Street, connecting Tipperary Hill to Downtown Syracuse. This adaptive reuse redevelopment transforms a former warehouse into a modern, all-electric condominium community offering long-term affordability through New York State's AHOP program. Designed so qualified households spend no more than approximately 30% of income on total housing costs (including mortgage, taxes, insurance, and HOA fees), this home features quartz countertops, contemporary cabinetry, Energy Star stainless steel appliances, efficient heating and cooling, and all new building systems throughout. Utilities are separately metered. Amenities include on-site parking, two EV charging stations, a beautiful courtyard, secure building access, and a professionally managed HOA. Eligibility Requirements: Purchasers must have a household income below $85,500 (adjusted for household size) and a net worth under $100,000, excluding retirement and educational savings accounts. Buyers must complete a Home HeadQuarters homebuyer counseling course and execute a regulatory agreement with NYS Homes & Community Renewal to maintain affordability. Located within the City of Syracuse. The project will participate in the 485-o tax abatement program. Estimated property taxes shown are based on full assessed value and do not reflect the reduced amount under the abatement. Sponsor: 1117 NewCo, Corp., c/o Redev CNY, 451 S. Warren Street, Syracuse, NY 13202. Complete offering terms are available in an offering plan from Sponsor. File No. CD25-0271. Sponsor and its affiliates comply with all Fair Housing laws and provide Equal Housing Opportunity.

Source: New York Alliance, MLS#: S1669380

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Open House

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  • Saturday
    July
    4
    11:00AM - 1:00PM EDT
  • Sunday
    July
    5
    11:00AM - 1:00PM EDT
  • Property Type
    Residential

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  • Median Age
    30
  • Population Density
    4,349
  • College Educated
    33%
  • Estimated Median Income
    $35,431
  • Estimated Total Home Owners
    2,283
  • Estimated Total Renters
    5,754
  • Owner / Renter Divide
    28% / 72%
  • Estimated Average Household Size
    2
  • Total Population
    19,264
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

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