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Murphy of University Hill Realty secures $2.69 million sale to IRED Acquisitions LLC

Dan Murphy, University Hill Realty
Dan Murphy, University Hill Realty

Syracuse, NY Norman Roth, principal broker at University Hill Realty, Syracuse arranged the sale of a package of properties in a complex deal for 16.49 acres involving the amalgamation of 11 parcels of raw land and commercial properties with a sales price totaling $2.69 million.

Dan Murphy, associate broker represented the buyer, IRED Acquisitions LLC and certain of the several sellers.

The assembled lots are to be redeveloped into a class A student housing complex including three buildings with one- and two-story residences, a clubhouse and office building for a total of 219 Units with 679 bedrooms.

University Hill Realty Ltd. is a specialized firm serving investors in and developers of student housing with sales, acquisition, development and management in the Syracuse market.