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32890608
32890607

3205 E Main St, Endwell, NY 13760

JL
NY NY 10401302147
SVN Innovative Commercial Advisors
Listed by SVN Innovative Commercial Advisors
$425,000
12 days on market
Updated 12 days ago

3205 E Main St

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,920
Units 9
Cap Rate 12.56%
NOI $53,396
Price per SqFt $54
Year Built 1970
Acreage 5941.000

Multifamily | 9 Units | $47,222/unit

Marketing description

3205 E Main Street presents a rare opportunity to acquire a fully occupied 9-unit multifamily asset in the heart of Endwell. Located within the desirable Maine-Endwell Central School District and directly on the bus line, the property benefits from strong tenant demand, a proven occupancy history, and stable in-place cash flow. Recent capital improvements include a new HVAC system, updated electrical, with separate utilities, enhancing operational efficiency and reducing future maintenance concerns. Positioned in a strong rental corridor near shopping, restaurants, major employers, and key transportation routes, the property offers convenient access to both Endicott and Binghamton. Historically known as the birthplace of IBM, Endicott continues to experience steady revitalization and reinvestment, supporting long-term rental demand and investment stability throughout the market. This is an excellent opportunity for investors seeking a stabilized multifamily property with recent upgrades, reliable performance, and long-term upside in one of Broome County’s most established rental markets.

Discover the vibrant surroundings of the Endicott area, where a rich history meets modern convenience. Located in the heart of the Southern Tier, this dynamic community offers proximity to major employers, including IBM, BAE Systems, and Endicott Interconnect Technologies. Endicott is also known for its picturesque parks, such as Highland Park and Arnold Park, providing an idyllic setting for outdoor activities and relaxation. The area boasts a diverse array of dining options, boutique shops, and cultural attractions, creating an inviting environment for professionals and visitors alike. With its strategic location and thriving local amenities, the Endicott area presents an enticing opportunity for office building investors seeking a prime commercial real estate location.

Investment highlights

  • Fully occupied 9-unit multifamily property with strong rental history and stable in-place cash flow
  • Recent capital improvements including new HVAC system and updated electrical
  • Separate utilities for reduced operational expenses and future maintenance concerns
  • Convenient access to shopping, restaurants, and employers. Located in the desirable Maine-Endwell Central School District

Listing Contacts

JL
NY NY 10401302147
SVN Innovative Commercial Advisors
Listed by SVN Innovative Commercial Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$53,396.00
$4,449.67/mo

Valuation Metrics

0
DSCR
12.56%
Cap Rate
12.56%
ROI

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Additional Information

Name
JAMES LUCENTI
License
NY 10401302147
Brokerage
SVN Innovative Commercial Advisors
Title
CRE Advisor
Brokerage Address
520 Columbia Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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