300 EAST WASHINGTON STREET SYRACUSE, NY 13202 Building Overview Index Property Review .................................................................. 1 Property View - Exterior ................................................. 2 Property View - Interior .................................................. 4 Property View - Aerial ..................................................... 5 Site Map .................................................................................... 6 Loopnet Property Listing ................................................ 7 Site Graphs .............................................................................. 8 Floor Plans ................................................................................ 10 Convert to Residential (Alternative Option) ......................... 13 CNN Money Reports ...................................................... 16 More Internet Features on the Property ............. 17 Downtown Housing List ................................................. 18 Downtown Market-Rate Housing Map .................. 26 Contact Information .......................................................... 27 Property Review Size of Site: Approximately 1.61 acres Year Built: 1970, Expanded in 1973 Stories: 10 Floors (Building is designed for expansion of four (4) additional floors.) Parking: Up to 250 spaces-- 130+ spaces or 200 if attended– indoor Parking garage, 50 Spaces – surface parking Floor-to-Floor Height: 12’0” Exterior Construction: Curtain wall full of windows Construction Type: Reinforced concrete, columns, beams and slabs. Live load 100 - 150 psf. Sprinkler: Standpipe system Heat & Cooling: Central HVAC, in addition Perimeter DX cooling/ heating units. Cooling – 900 Tons Carrier centrifugal chillers Electrical: (4) 2,500 amp boards, 480/277 Volt supplied by Niagara Mohawk with 8 Watts per GSF. No pcb ballasts. Electric closets on each floor. Elevators: Seven (7) Passenger elevator services all floors One (1) Freight elevator services all floors. Loading Dock: Yes. Gross Building Area: 365,330 sq. ft. Gross per Floor: 1 36,000 2, 3 40,000 per floor (200 x 200) 4-10 27,390 per floor (165.5 x 165.5) Total 307,730 Basement 57,600 (garage) 365,330 Location: In heart of downtown Syracuse, right opposite City Hall and NY state office buildings, less than 3 miles from the New Destiny USA upcoming largest mall in USA. Tax Incentives: Within the NY state Economic Development Zone and future federal empowerment zone, thus providing various tax incentives and utilities rebates. Listed below are some of the tax incentives/ rebates available: • Wage Tax Credit (WTC) - $3000 a year per employee • EDZ Investment Tax and Employment Incentives Credit (ITC- EIC) • New Business Refund - 50% cash refund of unused EZ-WTC and ITC • Zone Capital Credit - 25% tax credit • Utility Rate Reduction • Special Low- Interest Loans • Tax Reduction Tax Credit • Sales Tax Exemption (This information is from sources deemed reliable. No representation is made as to its accuracy.) 1 Property View EXTERIOR 2 Property View EXTERIOR 3 Property View INTERIOR 4 Property View AERIAL SYRACUSE, NY 300 E. Washington Street 5 Site Map 6 Downtown Syracuse Carnegie Management Isaac Jacobs · (718) 486-9700 · [email protected] 300 East Washington Street, Syracuse, NY 13202 http://listing.loopnet.com/17103075 Price: $4,500,000 · 350,000 SF County: Onondaga Status: Active PropertyType: Office LoopNet ID: 17103075 Office Building Building Class: B Property Description indoor parking garage, former nynex facility with numerous amenties, heavy duty hvac & electrical systems, heavy floor loads, eight elevators, lots of windows, high ceilings, large open floor plates located within the ny state economic development zone and future federal empowerment zone, thus providing various tax incentives and utilities rebates. Location Description located in the heart of downtown syracuse central bussiness district, right opposite city hall and NY state office buildings, less than 3 miles from the new destiny usa upcoming largest mall in usa, 2 miles from syracuse university minutes from north/south inerstate 81 and east/west interstate 690, approximately 5 miles to syracuse hancock international airport, close proximity to court house, within walking distance to a variety of restaurants and shops, Contact Isaac Jacobs Carnegie Management (718) 486-9700 Created: 4/5/2011 LoopNet, Inc. © Copyright 1995 - 2011 This information comes from users and sources believed to be reliable, but is not guaranteed. 7 Syracuse, NY Market Trends Page 1 of 5 • • H elp • Log Out Syracuse,Syracuse, NYNY MarketMarket TrendsTrends Select a Property Type PagePage 11 of of 55 Enter City & State, or Z Search Advanced Search Syracuse, NY Market TrendsBETA • • • Asking Price Index Trends forH elp Commercial Real Estate • H elp • NewLog York Out • Log Out Syracuse Select a Property Type Industrial PropertySelect aAs Propertyking Price Type Index Trends Enter City & State, or Z Enter City & State, or Z Search Search Advanced Search Site Graphs Advanced Search Syracuse,Syracuse, NYNY MarketMarket TrendsTrendsBETABETA AskingAsking PricePrice IndexIndex TrendsTrends forfor CommercialCommercial RealReal EstateEstate New York New York Syracuse Syracuse Industrial Property Asking Price Index Trends Industrial Property Asking Price Index Trends vs. 3 mo. Feb 11 prior Y-O-Y - $8.28 +0.8% +0.5% State - $4.86 +1.2% -1.2% M etro - $5.01 +1.6% +0.5% County Was this information helpful? YES | NO vs. 3 mo. vs. 3 mo. Feb 11 prior Y-O-Y Feb 11 prior Y-O-Y - - $8.28 +0.8% +0.5% State $8.28 +0.8% +0.5% State - - $4.86 +1.2% -1.2% M etro $4.86 +1.2% -1.2% M etro Syracuse,- NY Market Trends Page 3 of 5 - $5.01 +1.6% +0.5% County $5.01 +1.6% +0.5% County Was this information helpful? YES | NO Was this information helpful? YES | NO M etro - $13.39 +1.2% +1.4% County - $13.39 +1.3% +2.0% City The average asking rental rate per sq ft/year for O ffice properties in Syracuse, N Y as of Feb 11 w as $13.39. This represents an increase of 1.3% com pared to the prior 3 m onths, w ith an increase of + 2.0% year-over-year. County-w ide, average rental rates in Syracuse are + 1.2% higher at $13.39 per sq ft/year for Office properties currently for lease. Was this information helpful? YES | NO vs. 3 mo. Feb 11 prior Y-O-Y - $89 +0.5% +4.9% http://www.loopnet.com/Syracuse_New-York_Market-Trends 4/5/2011 vs. 3 mo. vs. 3 mo. Feb 11 prior Y-O-Y Feb 11 prior Y-O-Y - $89 +0.5% +4.9% - $89 +0.5% +4.9% htthttpp://www.loo://www.looppnet.com/Snet.com/Syyracuseracuse__New-YorkNew-York__Market-TrendsMarket-Trends 44//55//20112011 vs. 3 mo. Feb 11 prior Y-O-Y - 8 $141 +0.9% +2.2% State - $62 +2.8% +3.2% M etro - $62 +2.2% +2.5% County - $46 +4.0% -3.1% City Current Syracuse m arket trends data indicates an increase of + 4.0% in the m edian asking price per sq ft for O ffice properties com pared to the prior 3 m onths, with a decrease of -3.1% com pared to last year's prices. County-w ide, asking prices for Office properties are 2.2% higher at $62 per sq ft com pared to the current m edian price of $46 per sq ft for Office properties in Syracuse, NY. Was this information helpful? YES | NO Retail Property Asking Price Index Trends http://www.loopnet.com/Syracuse_New-York_Market-Trends 4/5/2011 Syracuse, NY Market Trends Page 2 of 5 State - $36 +0.6% +4.2% M etro - $38 +0.0% +5.7% County Was this information helpful? YES | NO Multifamily Property Asking Price Index Trends vs. 3 mo. Feb 11 prior Y-O-Y - $24,450 -1.5% -8.2% M etro - $23,927 -2.7% -11.5% County Syracuse,- NY Market Trends Page 3 of 5 $24,283 -1.3% -8.4% City Current Syracuse m arket trends data indicates a decrease of -1.3% in the m edian asking price per unit for Multifam ily properties com pared to the prior 3 m onths, with a decrease of -8.4% com pared to last year's prices. County-w ide, asking prices for Multifam ily properties are -2.7% low er at $23,927 per unit com pared to the current m edian price of $24,283 per unit for M ultifam ily properties in M etro Syracuse, NY. - $13.39 +1.2% +1.4% County Was this information helpful? YES | NO - Office Property Asking Price Index Trends $13.39 +1.3% +2.0% City The average asking rental rate per sq ft/year for O ffice properties in Syracuse, N Y as of Feb 11 w as $13.39. This represents an increase of 1.3% com pared to the prior 3 m onths, w ith an increase of + 2.0% year-over-year. County-w ide, average rental rates in Syracuse are + 1.2% higher at $13.39 per sq ft/year for Office properties currently for lease. Was this information helpful? YES | NO Syracuse, NY Market Trends Page 2 of 5 State - $36 +0.6% +4.2% M etro - $38 +0.0% +5.7% County Was this information helpful? YES | NO Multifamily Property Asking Price Index Trends vs. 3 mo. Feb 11 prior Y-O-Y - $22.64 -1.3% -3.7% State - $13.32 +1.0% +0.8% vs. 3 mo. Feb 11 prior Y-O-Y - $141 +0.9% +2.2% State htt-p://www.loopnet.com/Syracuse_New-York_Market-Trends 4/5/2011 $62 +2.8% +3.2% M etro - $62 +2.2% +2.5% County - $46 +4.0% -3.1% City Current Syracuse m arket trends data indicates an increase of + 4.0% in the m edian asking price per sq ft for O ffice properties com pared to the prior 3 m onths, with a decrease of -3.1% com pared to last year's prices. County-w ide, asking prices for Office properties are 2.2% higher at $62 per sq ft com pared to the current m edian price of $46 per sq ft for Office properties in Syracuse, NY. Was this information helpful? YES | NO Retail Property Asking Price Index Trends Syracuse, NYvs.