NOT LISTED FOR SALE

Estimated Value: $426,674

1 Bed
-- Bath
790 Sq Ft
$540/Sq Ft Est. Value

About This Home

Live in a beautifully restored Federal building (1822) in the heart of downtown Syracuse in historic Hanover Square. Enjoy its cafes and restaurants. Attend live concerts in the nearby Landmark Theatre or the OnCenter Convention Center. Walk to work in the law courts or be close to the University of Syracuse campus. Across the street in Clinton Square visit the Downtown Farmer's market in the summer and enjoy ice skating in the winter rink.

The builders and designers used the original building details as a guide to recreate an authentic 19th century space equipped with the comfort and convenience of modern amenities. The building facade has been meticulously restored to its original 19th century configuration. The apartments have dual zone central heating and air conditioning with custom humidification. The floors are wide plank pine with traditional cut nails. Custom four panel federal style doors have solid brass Georgian hardware. Federal style transoms carry daylight into each room.

Spacious walk-in bedroom closets come equipped with stacking GE washers and dryers. There is desk space for a cosy home office or a laundry prep station in each unit.

The bathrooms floors have luxe thermostat controlled radiant floor heating. Locally made custom medicine cabinets and vanities provide ample bathroom storage.

The kitchens were designed with Georgian and Federal style millwork motifs and mimic 19th century tavern interiors. Entertain your friends in style on the kitchen islands which can easily accommodate seating for three people. Bar stools are provided. Granite kitchen countertops and high end stainless steel appliances are installed. Samsung microwaves are installed in the islands, and Bosch dishwashers are hidden behind custom designed cabinet doors. The refrigerators are full size GEs.

The living rooms' large Federal windows look out on downtown Syracuse's Hanover Square and include views of the State Tower Building, St. John the Evangelist Church steeple, and historic Water Street. Listen to the gentle sounds of the church bells pealing from City Hall.

Custodial services include hall maintenance and garbage pick up three times a week. Security cameras are installed in the front entrance. High speed Internet cable ready. Smoke free. Sprinkler systems. Adjustable window shades are provided. A covered 24 hour parking garage is conveniently located around the corner on Washington Street.

The Granite Building was built in 1822 by Kellogg and Sabin. Its facade was constructed out of granite and was originally freestanding. According to Syracuse Landmarks by Evamaria Hardin, it is "the oldest downtown structure." Its history is closely aligned with the history and growth of the city of Syracuse. It was a general store in its early days and it may have had a salt inspector since a salt scale and counterweight were found on site by a later owner, Mr. Robert Koolakian. In the 1860s the renown local architect Archimedes Russell had the third floor as his architectural office. Most interesting, it was in this building that John M. Clark, an early pioneer photographer, and an early tenant established a daguerreotype studio in the1840s on the fourth floor. It was one of the oldest photography portrait studios in the country at the time. In an index of photographers who practiced in Syracuse from 1841-1900, Cleota Reed (1985) listed about thirty five, and according to Koolakian's research, "half of them practiced in the Granite Store at one time or another." The famous Civil War photographer George N. Barnard, who photographed General Sherman's campaign, was associated with Clark's Studio which he bought in 1853. It continued to be occupied by many artists and apprentices throughout the post Civil War period. The building was owned for many years by Robert Koolakian beginning in 1956. He ran a well known mens clothing store, Koolakian, in the ground floor retail space. Mr. Koolakian was a meticulous caretaker of the building who researched historical documents detailing the building's illustrious history.

Renters pay for internet and electricity.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 22, 2021
Sold by
Koolakian Edward C Est and Koolakian
Bought by
Gavin Maloney Llc
Current Estimated Value
$426,674
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gavin Maloney Llc $295,000 None Available
Gavin Maloney Llc $295,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/27/2024 04/27/24 Price Changed $2,080 -5.5% $3 / Sq Ft
03/30/2024 03/30/24 Price Changed $2,200 0.0% $3 / Sq Ft
03/30/2024 03/30/24 For Rent $2,200 -24.1% --
02/15/2024 02/15/24 For Rent $2,900 +20.8% --
02/12/2024 02/12/24 Price Changed $2,400 -- $3 / Sq Ft

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,316 $310,000 $60,000 $250,000
2023 $2,340 $170,000 $60,000 $110,000
2022 $2,137 $170,000 $60,000 $110,000
2021 $2,137 $150,000 $60,000 $90,000
2020 $2,292 $150,000 $60,000 $90,000
2019 $5,681 $150,000 $60,000 $90,000
2018 $2,144 $150,000 $60,000 $90,000
2017 $1,630 $150,000 $60,000 $90,000
2016 $1,815 $150,000 $60,000 $90,000
2015 -- $150,000 $60,000 $90,000
2014 -- $150,000 $60,000 $90,000
Source: Public Records

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