New York Power DST
Industrial property in Syracuse, NY · sponsored by Inland Private Capital
Historical · soldSold Jan 2022, as reported by Inland Private Capital · last Form D Jan 9, 2012Sponsor source (opens in a new tab)
New York Power DST was a DST sponsored by Inland Private Capital that owned an industrial property in Syracuse, NY (124,980 square feet). Inland Private Capital sold the property in Jan 2022, as reported by the sponsor.
How it ended
Sold, result reported by the sponsor
Sold Jan 2022.
- Equity multiple
- 1.93× as reported by the sponsor
- Date
- Jan 12, 2022
- Held
- 10.5 years
Key facts
- Minimum investment
- $25,000From the Form D
- Offering size
- $11,850,000Equity offered, per the Form D
- Sold
- 100%Form D, Jan 9, 2012; the % is our arithmetic
- Investors reported
- Form D, Jan 9, 201298
- Selling commissions
- Form D Item 15; the % is our arithmetic$829,500 · 7.0% of offering
- Financing
- All cash. This offering reports no mortgage debt.How it is financed ↓
- Offered under
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
Figures come from SEC Form D filings unless a source is cited. Sponsor-stated figures are as reported by the sponsor; Top1031 does not independently audit them. On a 45-day clock? Find day 45 and day 180 →
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Ask a 1031 specialist about this recordFree. About: New York Power DST. Top1031 is not a broker-dealer.What did New York Power DST own?
The Trust held a single asset: an industrial facility at 7496 Round Pond Road in Syracuse, New York. 1 It was bought in 2011 for $9.7 million, a figure AltsWire attributes to Inland Private Capital. 2 The building was fully leased to Niagara Mohawk Power Corporation, the upstate New York utility now operating as National Grid. 1 Public records located for this Trust do not settle the year built or its construction history.
- Reported location
- Syracuse, NY
- Property size
- 124,980 square feet
How was it financed, and what did it cost to sell?
No lender was ever involved: on Inland's account, as reported by AltsWire, the property carried no mortgage debt during the Trust's ownership. 2 An all-cash DST carries no foreclosure risk or refinancing deadline, and also supplies no replacement debt to a 1031 investor exchanging out of a leveraged property.
Debt
- Financing
- All cash. This offering reports no mortgage debt.
Costs and terms from the Form D
- Selling commissions
- $829,500 · 7.0% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $970,190 · 8.1% of offeringForm D Item 16
- Broker-dealers named in the Form D
- 24 named in the Form D
Show the firms
- 1st Global Capital Corp. · CRD 30349
- American Investors Company · CRD 38
- American Portfolios Financial Services, Inc. · CRD 18487
- Ameriprise Financial Services, LLC · CRD 6363
- Capital Analysts, Incorporated · CRD 5478
- Centaurus Financial, Inc. · CRD 30833
- Concorde Investment Services, LLC · CRD 151604
- Concourse Financial Group Securities, Inc. · CRD 15708
- Crown Capital Securities, L.P. · CRD 6312
- Detwiler Fenton & Co. · CRD 1794
- Independent Financial Group, LLC · CRD 7717
- Investacorp, Inc. · CRD 7684
- JRL Capital Corporation · CRD 10225
- Landolt Securities, Inc. · CRD 28352
- NPB Financial Group, LLC · CRD 137743
- Nelsonreid, Inc. · CRD 45503
- Newport Coast Securities, Inc. · CRD 16944
- Osaic FA, Inc. · CRD 3978
- Pacific West Securities, Inc. · CRD 6390
- Securities America, Inc. · CRD 10205
- Sigma Financial Corporation · CRD 14303
- Summit Brokerage Services, Inc · CRD 34643
- United Planners' Financial Services of America a Limited Partner · CRD 20804
- VSR Financial Services, Inc. · CRD 14503
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Jun 22, 2011
- Minimum investment
- $25,000
Form D Item 15 and Item 16 amounts may be the issuer’s estimates; each percentage is Top1031’s arithmetic on two Form D figures. Item 16 can overlap Item 15, so Top1031 does not add them together. The issuer marked these amounts as an estimate.
Who's behind New York Power DST?
Inland Private Capital is named as a promoter of this Trust in its Form D. 5 The issuer's SEC record lists its principal office at Inland's Oak Brook, Illinois address, 2901 Butterfield Road. 4 Inland is among the larger DST sponsors by number of programs on record. It announced the Syracuse sale on January 12, 2022, and published a retrospective case study on the deal on October 16, 2025. 3
- Sponsor
- Offerings on record
What does the SEC record show?
The filing record covers one raise that opened in 2011 and ended in early 2012: successive Form D amendments stepped the reported sale total upward, and nothing has been filed since. The exemption used barred general advertising, so interests went only to accredited investors — people meeting SEC income or net-worth tests — through existing relationships.
- Legal Trust name
- New York Power DST
- SEC CIK
- 1524450
- First Form D
- Jul 7, 2011
- Latest Form D
- Jan 9, 2012
- Filings on record
- 8
- Offered under
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D/A | $11,850,000 | $11,850,000+$975,651 | 98+8 | EDGAR | |
| Form D/A | $11,850,000 | $10,874,349+$2,057,936 | 90+16 | EDGAR | |
| Form D/A | $11,850,000 | $8,816,413+$732,288 | 74+10 | EDGAR | |
| Form D/A | $11,850,000 | $8,084,125+$970,620 | 64+5 | EDGAR | |
| Form D/A | $11,850,000 | $7,113,505+$1,652,010 | 59+13 | EDGAR | |
| Form D/A | $11,850,000 | $5,461,495+$2,179,560 | 46+16 | EDGAR | |
| Form D/A | $11,850,000 | $3,281,935+$2,455,002 | 30+21 | EDGAR | |
| Form D | $11,850,000 | $826,933 | 9 | EDGAR |
Amounts, investor counts and minimums are as filed with the SEC on Form D. The change lines are Top1031’s arithmetic between consecutive filings; a new Form D notice starts a new count.
A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Common questions
- What happened to New York Power DST?
- New York Power DST is a Historical offering. Sold Jan 2022, as reported by Inland Private Capital.
- What did investors ultimately receive?
- Inland Private Capital reported a 192.17 percent return of capital to investors on their original investment and an 8.77 percent average annual return. These are the sponsor's stated figures for a completed disposition, not a projection, and individual results depended on each investor's tax position.
- Did this Trust use mortgage debt?
- No. AltsWire, reporting Inland's account, said the property was never encumbered by debt during the DST's ownership. That means the Trust generated no replacement debt for exchangers who needed to match a mortgage on a relinquished property.
- Was there a 721/UPREIT exit?
- No. A 721 or UPREIT exit contributes DST property to a REIT in exchange for operating-partnership units. Here the property was sold for cash in January 2022 instead.
- Why are there no SEC filings after January 2012?
- Form D and its amendments report a private offering's progress, not ongoing operations. Once the raise ended, the Trust had nothing further to file; the disposition a decade later was announced through sponsor press material.
In the news
As reported by the sponsor · Inland Group (IPC press release) ↗also: AltsWire ↗
Sources
Show sources (9)Hide sources (9)
These links support the record as a whole; individual details may come from different sources.
DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current offering documents before investing.