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Real Estate
Syracuse land bank’s future home is historic mansion it’s been trying to save since 2018
The Greater Syracuse Land Bank’s need for new office space may help finally launch a stagnant, state-supported renovation project at one of its high-profile historic properties. The land bank’s board of directors has authorized a proposed lease with the developers of the Whedon House, a Victorian mansion at 366...
Opposition grows against controversial tax breaks for new housing in Onondaga County
Syracuse, N.Y. -- Opposition among Onondaga County towns is building against a proposal to grant tax breaks for new apartment projects as part of an effort to boost the supply of housing. The Onondaga County Industrial Development Agency is scheduled to hold a special meeting Thursday to vote on a...
Syracuse punishes NY for ‘mothballing’ apartment high-rise during housing crisis
Syracuse, N.Y. – Syracuse officials are planning to collect property taxes for the first time on a state-owned apartment tower that has stood vacant for 13 years amid a growing housing crisis. Despite Gov. Kathy Hochul’s urgent calls for new housing, state officials have made no move to bring...
3 of Top 10 Best Cities for First Time Homebuyers Are in New York
Looking to buy a home for the first time? 3 of the 10 best cities for first-time homebuyers are in New York. 2024 may be your year to become a homeowner. Mortgage rates have fallen to the mid-6 % range after being at a 20-year high. The number of homes for sale has started to rise.
Struggles mount for nonprofit that’s led revitalization in poor Syracuse neighborhood
Syracuse, N.Y. — A nonprofit that helped bring $100 million in real estate investments to a poverty-stricken Syracuse neighborhood is in danger of losing one of its flagship properties due to fiscal problems. State Comptroller Tom DiNapoli, the trustee for the New York State Common Retirement Fund, has filed...
Syracuse Mayor Walsh schedules public hearing on new real estate seizure law
Syracuse, N.Y. — The public gets a chance to be heard on a proposed Syracuse law that would create new steps to protect constitutional rights of people who lose their property for unpaid taxes. Mayor Ben Walsh has set a public hearing for 10 a.m. Tuesday, Jan. 30, on...
Syracuse home sellers see big profits in 2023; growth is among the top 10 in US
Syracuse, N.Y. — Profits for home sellers in the Syracuse area are growing at one of the highest rates in the nation, according to a new report. Typical home sellers in the Syracuse metro area saw a gain of 56% on their original investment in 2023, up 8.9 percentage points from 2022, according to the report from ATTOM Data, a national property data provider.
13 business, land, hotel property sales in Onondaga County - from $151 to $12 million
Here are the latest non-residential property and land sales in Onondaga County. Syracuse.com | The Post-Standard for decades has reported home sales, but started this month to report sales for commercial and business properties as well as vacant land sales reported to the Onondaga County Clerk’s Office. If you...
Syracuse property owners hit with assessment hikes (Good Morning CNY for Jan. 25)
Subscribe to get the Good Morning, CNY newsletter delivered to your email inbox weekday mornings. High: 45; Low: 43. Cloudy, mild; maybe some fog. See the 5-day forecast. Legends join the Inside Syracuse Basketball podcast: Syracuse basketball legends Jim Boeheim and Dave Bing will be honored by the university at two different SU men’s basketball games this season. In advance of their big days, Bing and Boeheim sat down with Mike Waters for a special edition of the “Inside Syracuse Basketball” podcast. They talked about their years together at SU, what they learned from each other as roommates and teammates and much more.
3 of Top 10 Best Cities for First Time Homebuyers Are in New York
Looking to buy a home for the first time? 3 of the 10 best cities for first-time homebuyers are in New York. 2024 may be your year to become a homeowner. Mortgage rates have fallen to the mid-6 % range after being at a 20-year high. The number of homes for sale has started to rise.
Number of homes without a mortgage in Onondaga County climbs to all-time high
Syracuse, N.Y. — More homes in Onondaga County were mortgage-free in 2021 and 2022 than at any time in Census Bureau records dating back over a decade. It’s evidence of a trend housing experts have said is contributing to a challenging market for homebuyers: More people are staying in their homes longer, driven at least in part by low interest rates they locked in years ago.
Syracuse hits 1 in 5 property owners with assessment hikes. Grievance deadline is Jan. 31
Syracuse, N.Y. -- Syracuse officials this month informed nearly 8,000 property owners – about one taxpayer in five -- that their assessments have been raised. Unless city officials cut the tax rate, those property owners will likely face higher tax bills when the new fiscal year begins in July, because of the city’s piecemeal approach to raising assessments. The other 80% of residents whose assessments did not change won’t see a tax hike unless officials raise the rates.
3 of Top 10 Best Cities for First Time Homebuyers Are in New York
Looking to buy a home for the first time? 3 of the 10 best cities for first-time homebuyers are in New York. 2024 may be your year to become a homeowner. Mortgage rates have fallen to the mid-6 % range after being at a 20-year high. The number of homes for sale has started to rise.
Developer proposes a 170-apartment complex in Lysander with views of Seneca River
Lysander, NY — An Onondaga County developer wants to build 170 higher-end apartments overlooking the Seneca River in the Radisson community. Robert Shanahan of Greentree Realty Capital LLC is proposing to construct 17 three-story apartment buildings at 8850 River Road in the Radisson planned unit development in Lysander. If...
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