128 Grand Ave, Johnson City, NY 13790

For registration requirements and regulations, please review here or contact Bianca Diorio | 954-302-3810 | [email protected].

Grand Monarch Luxury Apartments at 128 Grand Ave, Johnson City, NY 13790 offers a compelling boutique multifamily investment with a dynamic hybrid income model. This 31,500 SF freestanding asset on 0.72 acres features 24 luxury apartment units and is fully occupied, supported by strong in-place revenue and diversified demand drivers. A standout feature is its seasonal corporate housing relationship with the New York Mets organization, which annually leases approximately half of the units for player and staff housing. In the off-season, ownership leverages short-term rental demand from medical visitors, university affiliates, and regional travelers—creating year-round revenue optimization. Investors benefit from a long-term PILOT tax abatement program delivering substantial real estate tax savings and enhanced cash flow stability. The property also offers significant upside through approved plans to reconfigure nine 3-bedroom units into eighteen 1-bedroom units, increasing the unit count from 24 to 33. Ideally located near Binghamton University, UHS Wilson Medical Center, downtown Binghamton, and major retail and employment hubs, Grand Monarch combines stable income, operational flexibility, and near-term value-add potential in one of the Southern Tier’s most strategic growth corridors.

• Non-Contingent
• Earnest Money Deposit is Greater of $20,000 or 10% of the Purchase Price
• Marketing Fee: 3% of the Winning Bid Amount, $20,000 minimum
• $10,000 Participation Deposit

128 Grand Ave, Johnson City, NY 13790