101 Hooper RdEndicott, NY 13760

Property Details for 101 Hooper Rd

Year built

1960

Lot size

0.73 AC

Property size (Sq ft)

26,042 SF

Property type

Apartment buildings

Description

This exceptional 20-unit apartment building, located at 101 Hooper Rd, Endicott, NY 13760, presents a compelling investment opportunity. The property, a Class B multifamily building constructed in 1960 and extensively renovated in 2022, boasts 26,042 square feet on a 0.73-acre lot. The building comprises nine three-bedroom units and eleven two-bedroom units, offering a diverse mix of housing options. Sixteen drive-in garages provide ample parking, with four units benefitting from additional basement storage. Eighteen units feature updated kitchens, bathrooms, and flooring, reflecting recent renovations. Each unit includes its own furnace and water heater for enhanced convenience and separately metered utilities. The property enjoys a prime location directly on Hooper Rd, within the highly desirable Maine Endwell School District, offering easy access to major roadways including the George F Highway and I-86 interchange. With a strong NOI of $182,415 and a 6.51% cap rate, this property offers a significant return on investment. The asking price is $2,799,999, translating to $107.52 per square foot. The property is zoned for multi-residential use, allowing for up to 20 units. Recent improvements include a new roof and new garage doors, further enhancing the property's value and appeal. High daily traffic counts on Hooper Rd (15,357) and Watson Blvd (7,351) underscore the strategic location and potential for strong rental demand.

Location Insight

City

Endicott

County

Broome

State

New York

Latitude

42.1112

Longitude

-76.0179

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