Mixed-Use Building with
For Sale
$625,000
1206-1210 North Street, Endicott, NY 13760
MultiFamily, More than 4 Famiy, ENDICOTT, NY
Property Size3,896 SF
Lot Size0.07 Acres
Price / SF$160.42
Days on Market89
Property Features for 1206-1210 North Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Zoning
481-Att Row Bldg
Bedrooms
10
Bathrooms
11
Full bathrooms
9
Half bathrooms
2
Rooms
Bedroom 8, Bedroom 7, Bathroom 7, Bathroom 2, Bathroom 4, Bedroom 2, Bedroom 9, Bathroom 9, Bedroom 1, Bathroom 11, Bathroom 8, Bathroom 5, Bedroom 10, Bedroom 3, Bedroom 5, Bathroom 3, Bathroom 1, Bathroom 10, Bedroom 6, Basement, Bedroom 4, Bathroom 6
Exterior features
SOME STORM DOORS, SOME STORM WINDOWS, SOME INSULATED WINDOWS
Appliances
RANGE/STOVE, REFRIGERATOR
Lot features
G E N E R A L L Y L E V E L
Elementary school
Charles F. Johnson
Elementary school district
Union Endicott
Middle school district
Union Endicott
High school district
Union Endicott
Directions
North street across from the BAE Parking lot. Between Washingtion ave and Madison ave. Diagional from Price Chopper/CVS Plaza.
Subdivision
Area 05
Standard status
Active
APN
034601-157-006-0007-002-000-0000
Size
3,896 SF
Lot size
0.07 Acres
Utilities
Heating system
Steam, Other (Heating)
Cooling system
Ceiling Fan(s)
Water source
Public
Building Details
Year built
1960
Number of units
12
Flooring type
Hardwood
Building materials
Stucco
Architectural style
Other
Listing Agency:
KELLER WILLIAMS REALTY GREATER BINGHAMTON
(607) 722-0722
Listed By:
Erin C. Whited
(607) 727-5609
Added: Jun 2
Changed: Aug 19
Last Checked: Aug 29 at 2:06PM
MLS# 336186
Copyright © 2026 Greater Binghamton Association of Realtor. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use building contains 9 residential units and 3 commercial storefronts within 3,896 square feet. Ten of the 12 total units are currently occupied. Built in 1960, the property has stucco construction, hardwood flooring, steam heat, ceiling fans, and a basement. Select units include storm doors, storm windows, and insulated windows. Appliances include ranges and refrigerators.
The property is positioned across from BAE Systems in a high-traffic area of Endicott, with exposure along North Street. Public water serves the building, and the zoning is identified as 481-Att Row Bldg. The combination of residential and commercial spaces creates a diversified configuration within a compact 0.07-acre site.
The property is positioned across from BAE Systems in a high-traffic area of Endicott, with exposure along North Street. Public water serves the building, and the zoning is identified as 481-Att Row Bldg. The combination of residential and commercial spaces creates a diversified configuration within a compact 0.07-acre site.
Key Highlights
- 9 residential units and 3 commercial storefronts
- 10 of 12 units currently occupied
- 3,896 square feet on 0.07 acres
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,190
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$783,800
$783.8K
Cap Rate 7%
$559,857
$559.9K
Cap Rate 9%
$435,444
$435.4K
Market Conditions
NOI Build-Up for 3,896 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$58.4K $15.00/SF
− Vacancy
−$2.5K −$0.63/SF
EGI
$56.0K $14.37/SF
− OpEx
−$16.8K −$4.31/SF
NOI
$39.2K $10.06/SF
Area
Broome County, NY
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$783,800
Cap Rate 7%
$559,857
Cap Rate 9%
$435,444
Alternative Uses
Best Use
Retail
$559.9K
$489.9K – $653.2K
NOI $39,190 @ 7.0% cap · market cap 6.27%
Second Best
Mixed Use
$537.9K
$470.6K – $627.5K
NOI $37,650 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$966.6K
$845.7K – $1.13M
NOI $67,659 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
9
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
936
Businesses Nearby
Explore this area
Business Placement
Demographics for 13760, NY
44,153
Population
20,988
Households
2.1
Avg Household Size
44
Median Age
34%
College-Educated
93%
High-School Grad
49.3 sq mi
ZIP Area
896
Density / Sq Mi
$63,242
Median Household Income
$41,939
Median Earnings
$883
Median Rent
$150,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property combining residential units with three commercial storefronts and public water service.
Where is this mixed-use property located?
The property is located at 1206-1210 North Street Endicott, NY.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 9 residential units and 3 commercial storefronts; 10 of 12 units currently occupied; 3,896 square feet on 0.07 acres
