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32000482
32032281

1408 E Main St, Endicott, NY 13760

SW
NY NY 10301220936, NY 10491212432
SVN Innovative Commercial Advisors
CL
NY 10401324866
SVN Innovative Commercial Advisors
Listed by SVN Innovative Commercial Advisors
$289,000
54 days on market
Updated 11 days ago

1408 E Main St

Details
Property Type Multifamily
Sub Type Apartment Building, Low-Rise/Garden
Square Footage 8,264
Units 6
Cap Rate 10.00%
NOI $46,349
Year Built 1970
Acreage 0.150
Investment Type Core+

1408 E Main St, Endicott, NY 13760

Marketing description

Offered for sale is a 10-unit multifamily asset located along East Main Street in Endicott, New York, a well-traveled corridor with consistent demand and convenient access to surrounding amenities. Positioned directly adjacent to a Dunkin' location and within close proximity to Route 26 and public transportation routes, the property benefits from strong tenant accessibility and day-to-day convenience.

The property consists of 2 residential buildings, with 6 apartments in the front building and 4 apartments in the rear building. The unit mix includes 1-, 2-, and 3-bedroom apartments, providing broad tenant appeal and leasing flexibility. Each unit is separately metered for electric and features electric baseboard heating along with individual hot water heaters, creating a streamlined utility structure. Tenants are responsible for their own electric usage, while the landlord currently covers gas, water, sewer, and garbage.

An additional value-add opportunity exists through the potential acquisition of the neighboring lot at 1406 E Main Street, which is under separate ownership and may be available for purchase to provide additional parking.

With in-place income and a manageable operating profile, the property presents a straightforward investment opportunity. The combination of location, unit mix, utility configuration, and potential for expanded parking supports stable occupancy while offering opportunities to further optimize operations and improve overall returns.

Investment highlights

  • 6-unit multifamily property with a diverse unit mix of 1-, 2-, and 3-bedroom apartments
  • Located on East Main Street with strong visibility and direct access to Route 26
  • Adjacent to Dunkin' and near established retail and service amenities
  • Separately metered electric with baseboard heat and individual hot water heaters in each unit
  • Tenants responsible for electric, supporting a simplified operating structure
  • In-place income with opportunity to improve expense efficiency and overall returns

Listing Contacts

SW
NY NY 10301220936, NY 10491212432
SVN Innovative Commercial Advisors
CL
NY 10401324866
SVN Innovative Commercial Advisors
Listed by SVN Innovative Commercial Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$46,349.00
$3,862.42/mo

Valuation Metrics

0
DSCR
16.04%
Cap Rate
16.04%
ROI

Map

Zoning

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Last updated Mar 5, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Scott Warren
License
NY 10301220936
Brokerage
Innovative Commercial Advisors
Title
Real Estate Broker
Name
Coty Lunn
License
10401324866
Brokerage
SVN Innovative Commercial Advisors
Title
Commercial Real Estate Salesperson
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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