2700 North St, Endicott, NY 13760

Introducing an outstanding investment opportunity at 2700 North Street, Endwell, NY. This 21,240 SF multifamily property presents 26 units, consisting of 20 one-bedroom and 6 two-bedroom apartments. Built in 1975, the building boasts separate electric meters, offering added convenience for tenants who are responsible for their electric bills. With off-street parking, proximity to public transportation, and quick access to key routes, this property stands out in a high-demand rental area, ensuring strong cash flow. Promising a value-add opportunity with substantial upside potential, this is a compelling option for the discerning multifamily/low-rise/garden investor.

Discover the endless potential of 2700 North Street in Endwell, NY—a prime commercial property located in a community experiencing exciting revitalization and growth. Positioned just steps away from the site of the former IBM building, which is currently being taken down to make way for new development, this location offers a unique opportunity to be part of the next chapter in Endwell and Endicott’s evolution. The area is surrounded by key employers and established businesses such as Gault Chevrolet, the innovative Huron Campus, and BAE Systems, making it a hub of professional activity and economic momentum. With easy access to major routes and public transportation, including a nearby bus line, this site offers both visibility and convenience for clients, employees, and customers. Just minutes from the walkable Washington Avenue district and close to local dining, shops, and parks, this location combines business potential with community charm—an ideal setting for office space, a startup, or long-term investment.

Rare opportunity to acquire a 26-unit apartment complex in the highly desirable Maine-Endwell School District, consisting of five connected brick buildings with 20 one-bedroom units and 6 two-bedroom units. The property is currently in the process of being vacated for a full renovation, presenting a clear value-add repositioning opportunity in a high-demand rental corridor with proximity to major employers, public transportation, and key commuter routes including Route 26 and Route 17/I-86, as well as nearby shopping, dining, medical services, and employment hubs such as Huron Campus, BAE Systems, and Gault Chevrolet. The asset features separately metered electric (tenant-paid), two gas meters—one serving the central boiler and hot water heaters and a second serving cooking gas—and a central boiler replaced within the past 12 years. Rents are currently below market, with pro forma numbers based on ARV; once stabilized at $900 per one-bedroom and $1,050 per two-bedroom, projected gross operating income is $291,600. Operating expenses can be reduced by converting units to electric baseboard heat and converting cooking stoves from gas to electric. Financials assume ful occupancy, and recent tenant turnover has temporarily increased vacancy, allowing immediate access for renovation and lease-up. The surrounding area is experiencing active revitalization, including the removal of the former IBM building, supporting long-term growth, with an attractive basis of approximately $36,000 per unit and $29,000 per bed. The property may be purchased individually or as part of a portfolio with 3205 Main Street (9units), located within walking distance.