Available For Sale - Multifamily

9,144 SF | Show Pricing $

LISTED BY

Scott Warren CCIM
SVN | Innovative Commercial Advisors,

AVAILABILITY DETAILS

Size
9,144 SF
Price/SF
Show Pricing $
Listing ID
SA554022
Notes
This is an exceptional opportunity to acquire a portfolio of four premium buildings in Endicott, NY, the historic birthplace of IBM and Endicott Johnson Shoes. With the recent arrival of a Battery Manufacturer and Solar Manufacturer, the area has experienced significant real estate market growth. This package includes properties at 102-106 Main St, 310 E Main St, 1104 Monroe Ave, and 303 Robble Ave, totaling 33 units with 38 beds and 2 commercial spaces. The combined gross rents are $320,316, generating a net operating income of $182,179.17, offering a strong 9.44% CAP rate, well above the market average of 8.7%. At $54,454 per unit and a 6.02 GRM, this portfolio represents a highly lucrative investment in a thriving market.
Uses
Multifamily

Other Availability in this Property

Space/Suite Square Feet Type Uses Asking Rent/Price
9,144 SF Sale Multifamily Show Pricing $ chevron_right
Space/Suite
 
Square Feet
9,144 for sale
Uses
Multifamily
Asking Rent/Price
Show Pricing $

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Scott Warren CCIM, SVN | Innovative Commercial Advisors