Categories: Construction, Design & Real EstateSubscriber Only

ARPA LLC buys downtown Syracuse building next door to previous purchase

PHOTO CREDIT: ZOEYADVERTISING.COM

SYRACUSE, N.Y. — ARPA LLC, a partnership that last year bought the property at 430 E. Genesee St. in downtown Syracuse, has recently purchased the neighboring property at 420 E. Genesee St. from AccessCNY Inc. Matt Funiciello of JF Real Estate represented AccessCNY in its building sale and also represents ARPA LLC in the leasing […]

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Matt Funiciello of JF Real Estate represented AccessCNY in its building sale and also represents ARPA LLC in the leasing of the vacant commercial space, according to a news release from the real-estate firm. The release did not disclose a sales price. The 420 E. Genesee St. property is assessed at $529,400 for 2021 and has a listed full market value of $710,604, according to Onondaga County’s online real-estate records.

At 430 E. Genesee St., ARPA plans to redevelop the building into condominiums and ground-floor commercial space, JF Real Estate said. ARPA bought that property for $550,000 from Adirondack Bank in a transaction that closed on June 16 of last year, per Onondaga County records.

With the acquisition of the neighboring property at 420 E. Genesee St., ARPA now controls about 52 parking spaces and about 16,000 square feet of office space, according to JF Real Estate.

Jornal Staff