After nearly two years of renovations and aÃƒâ€šÃ‚Â $2 million investment, the former Goldberg’s Furniture building has been reborn as 129 Cayuga Condominiums, Inc., it was announced by Douglas Caster, property developer. There will be an open house preview for licensed real estate brokers and sales agents only on Friday, Oct. 17 and an open house for the general public from noon to 4:00 p.m. on Sat. Oct. 18 and Sun. Oct 19.
“This 30,000 sq. ft., three-floor building, which was built about 1940 as Montgomery Ward department store, is now home to eight condominiums, three commercial/retail spaces and a private 12-space parking garage,” Caster said. “None of this would have been possible without the support and assistance of Fulton Savings Bank, the City of Fulton, Fulton Community Development, and the Oswego County Industrial Development Agency.
“After an 18-month application and approval process, the NY State Attorney General’s office has just given us permission to promote the property.
This is only the second condominium property developed in Oswego County.
“There’s been a lot of interest in this project from both individuals and businesses.Ãƒâ€šÃ‚Â The building space is allocated as follows:Ãƒâ€šÃ‚Â the basement has been converted to a 12-space parking area; the main floor holds three commercial/retail spaces ranging from 4,000 to 1,600 sq. ft.; and the top floor has eight condominiums. Five of these have two bedroomsÃƒÂ¢Ã¢â€šÂ¬Ã¢â‚¬Âone with a private elevator—and three condos have one bedroom.Ãƒâ€šÃ‚Â Partners in Integrity Realty will be the brokers and sales agents for the property.
“All of the condominiums include a fireplace, hardwood cabinets throughout, Energy StarÃƒâ€šÃ‚Â® appliances, granite countertops, fine woodworking and molding, hardwood floors and tiled bathrooms. Each condo also has individual heating/air conditioning and a fully equipped laundry.
“We anticipate great interest from a variety of individuals who will enjoy and benefit from this lifestyle. Among these are ÃƒÂ¢Ã¢â€šÂ¬Ã‹Å“empty nesters,’ young professionals, those who like to travel south for the winter, and those who don’t want the maintenance responsibilities of a home, but desire the comfort and satisfaction associated with home ownership.”
Caster explained that there are a number of advantages to owning a condominium that people may not be aware of. “Owners of condominiums are individually taxed at a rate that is typically forty to sixty percent less than if it was a single family home. In addition, subsequent purchasers can be taxed no more than the initial assessed value. That adds up to a substantial savings.
“In addition, the building is convenient to many downtown services. Among these are restaurants, medical, pharmaceutical, legal, fitness, insurance and financial services.”
Other improvements to the building include new energy efficient PellaÃƒâ€šÃ‚Â® windows, a new roof, a new sprinkler system, and a remodeled “elegant entranceway with tile mosaic design,” Caster said.
“Development like this helped in the revitalization of areas in Syracuse like Armory Square and Franklin Square, ” said Fulton Mayor Ronald Woodward. “It’s our belief that the redevelopment of this property will help spur additional interest in downtown development and create high desirability for residency in these first-class condominiums.”
Architect for the project is Edwin Harrington III Architect P.C. of Syracuse, Carl Rounds, architect/engineer, Oswego, and general contractor for the project is Donald Roik Carpenter/Builder of Fulton.
For more information on the property or open house, contact Partners in Integrity Realty, (315) 592-7653.