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Developer files for 485-a conversion exemption for renovated mixed-use 719 E. Genesee; city to review application
Summary
Owners seeking a 12-year 485-a partial tax exemption for a commercial-to-mixed-use conversion at 719 East Genesee presented documentation showing purchase and recent rehab; city staff said exemption appears to qualify but will review details before issuing notice.
The owner of 719 East Genesee Street presented materials to the Syracuse Board of Assessment Review on Feb. 21 seeking a 485-a partial tax exemption for a commercial-to-residential conversion. The board recorded that the property was acquired on Sept. 6, 2022 for $1.9 million and that renovations costing about $5.4 million were completed in late 2024.
A 485-a…
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