Hills Building

Off-Market

217 Montgomery Street, Syracuse, NY 13202

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - General Office
  • Property Size 53,748 SF
  • Lot Size 0.4 Acre
  • Parking Spaces Avail. 85
  • Parking Ratio 1.60 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1928

Location

Getting Around

  • Walk Score ®

    92/100 Walker's Paradise
  • Transit Score ®

    59/100 Good Transit
  • Bike Score ®

    72/100 Very Bikeable
Powered by Walk Score ®
  • City Syracuse, NY
  • Neighborhood Downtown Syracuse
  • Zip Code 13202
  • Market Syracuse

Points of Interest

  • Syracuse

    2.19 miles

  • Mobil

    0.16 miles

  • Sunoco

    0.28 miles

  • ChargePoint

    0.34 miles

  • Key Convenient Mart INC

    0.85 miles

  • Mobil

    1.08 miles

  • Fastrac

    1.12 miles

  • Blue Star Gas Station

    1.12 miles

  • Sunoco

    1.19 miles

  • Gulf

    1.25 miles

  • Conoco

    1.25 miles

  • City Hall Lot

    0.02 miles

  • Fayette Street Garage

    0.04 miles

  • Key Bank Lot

    0.05 miles

  • Warren Parking Garage

    0.10 miles

  • State Tower Garage

    0.11 miles

  • Onondaga Tower Garage

    0.14 miles

  • M&T Bank Parking Center

    0.15 miles

  • Raymour Lot

    0.18 miles

  • City Lot#21

    0.20 miles

  • Clinton Street Garage

    0.22 miles

  • Jefferson Clinton

    0.27 miles

  • Quality Inn & Suites Downtown

    0.29 miles

  • Marriott Syracuse Downtown

    0.31 miles

  • Courtyard Marriott and Residence Inn Syracuse Downtown at Armory Square

    0.36 miles

  • Crowne Plaza Syracuse

    0.37 miles

  • ParkView Hotel

    0.41 miles

  • Collegian Hotel & Suites, Trademark Collection by Wyndham

    0.73 miles

  • Hotel Skyler

    0.74 miles

  • Sheraton Syracuse University Hotel & Conference Center

    0.93 miles

  • Hostelling International Syracuse

    1.03 miles

  • The Fish Friar

    0.07 miles

  • Otro Cinco

    0.10 miles

  • JJ's Miss Syracuse Diner

    0.11 miles

  • Downtown Deli

    0.12 miles

  • The Mission

    0.12 miles

  • Water Street Bagel

    0.14 miles

  • Maxwells

    0.15 miles

  • The Sweet Praxis

    0.15 miles

  • Eden

    0.16 miles

  • Nikos

    0.16 miles

  • Prescott School

    0.32 miles

  • Central Technical Vocational Center

    0.45 miles

  • Upstate University Downtown Campus

    0.53 miles

  • Syracuse City School District Offices

    0.55 miles

  • Smith High School

    0.64 miles

  • Sarah and Richard Pietrafesa Training Center

    0.66 miles

  • Seymour Dual Language Academy

    0.68 miles

  • State University of New York Upstate Medical University

    0.75 miles

  • Clinton School

    0.75 miles

  • Westside Academy at Blodgett

    0.87 miles

  • Jowonio

    2.56 miles

  • Day Care M-1

    2.75 miles

  • Early Childhood Development Program

    3.79 miles

  • Bluebird Music Together

    4.06 miles

  • Learn As You Grow

    5.70 miles

Contacts

Find property contacts with verified and updated contact information on CommercialEdge: owners, building management, representatives from permits and tenants.

Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 28 Apr, 2000
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in Syracuse

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Syracuse Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2021 Avg. Asking Rent $16.98
  • 2021 Office Vacancy Rate 10.34%
  • 2021 Office Completions (SF)

Syracuse Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2021 Avg. Price per SF $65.17
  • Y-o-Y Avg. PpSF Change -7.29%
  • 2021 Office Sales Volume $21.2M
  • 2021 Number of Transactions 4
View more Syracuse market trends

Frequently Asked Questions

What is the total square footage of Hills Building?

Hills Building totals 53,748 square feet.

When was this property built?

Hills Building was built in 1928.

When was Hills Building last sold?

Hills Building was last sold on 28 Apr, 2000.

What is the property tax for Hills Building?

The property tax for Hills Building in 2022 was $6,343.

What is the market value for Hills Building?

The market value* for Hills Building in 2022 was $2,550,738.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

Tax

  • Property Tax in 2022 $6,343
  • Base Tax $60,511
  • Current Tax $56,265
  • Market Value* $2,550,738
  • Assessed Value $2,550,738

Find more tax info, including assessment history and abatements, on CommercialEdge.

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

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