102-106 Main StEndicott, NY 13760

Property Details for 102-106 Main St

Year built

1960

Lot size

0.20 AC

Property size (Sq ft)

9,144 SF

Zone code

CBD

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

034601 157.13-8-25

APU

3460115713825

Description

This exceptional investment opportunity presents a portfolio of four mixed-use buildings totaling 28,287 square feet in Endicott, NY. Located at 102-106 West Main Street, 310 East Main Street, 1104 Monroe Street, and 303 Robble Avenue, this portfolio comprises 33 units, including two commercial spaces. The properties boast a combined gross rent of $320,316, generating a substantial net operating income (NOI) of $182,179.17, resulting in a compelling 9.44% capitalization rate. Built in 1960, the portfolio sits on a 0.87-acre lot and offers a price per unit of $54,454 and a price per square foot of $18. The properties benefit from a high-traffic corner location on Main Street, with an average daily traffic count of 24,359 vehicles. One commercial space features a new AC unit and a long-term tenant. Residential rents are currently below market value, presenting significant upside potential. This package must be purchased as a whole. The asking price for this lucrative investment is $1,928,998. The area is experiencing significant growth due to recent additions of a battery manufacturer and a solar manufacturer. This portfolio represents a strong investment in a thriving market, with nearby amenities including the Cider Mill, McCoy's Chophouse, and George W. Johnson Park. The walkability score is 72. The properties are located in a municipal electric zone.

• CAP approach

  CAP return

  Valuation

  6%

  $1,468,780

  6.5%

  $1,355,797

  7%

  $1,258,954

• Comparable approach

  Method

  Valuation

  Relative Method

  $808,399

  Geo Method

  $1,194,755

• Alternative Use

  Use

  Valuation

  Residential

  $1,681,188

  Hospitality

  $1,539,960

  Educational

  $1,281,228

  Medical

  $1,325,292

  Retail

  $1,993,022

Location Insight

City

Endicott

County

Broome

State

New York

Latitude

42.0948

Longitude

-76.0655

CBSA code

13780

CBSA name

BINGHAMTON, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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