SYRACUSE — ARPA LLC recently purchased the 430 Park Plaza building in downtown Syracuse for $550,000 from Adirondack Bank.
The sale of the five-story building — which is located at 430 East Genesee St., across from Firefighter’s Memorial Park — closed on June 16. The property is assessed at $616,000 for 2020, according to Onondaga County’s online property records.
Karen Whalen of Keller Williams represented the buyer and Matt Funiciello of JF Real Estate represented the seller.
The new owners of the 57,000-plus square-foot building plan to keep part of the building commercial and convert part of the structure to residential, according to a news release from JF Real Estate. Funiciello will continue working on the property as the leasing agent for the vacant commercial spaces.