170 Park Avenue Corning, NY 14830
MULTI_FAMILY - Other - Corning, NY
- Added:
- May 6, 2026
- Days on Market:
- 70
- Last Refresh:
- Jul 14 at 3:06 am
Property Features for 170 Park Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 2, Basement, Bathroom 2, Bedroom 6, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 5
- Patio and Porch features
- Deck
- Exterior features
- Deck
- Appliances
- GasWaterHeater
- Standard status
- Pending
- APN
- 460300-318-014-0003-021-000
- Size
- 1,986 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3395
Utilities
- Heating system
- Natural Gas, Electric (Heating), Forced Air
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Carpet, Varies
- Building materials
- FiberCement
- Architectural style
- Other
Listing agent Joseph Long License #10401344891 (607) 481-9535
Listing office Howard Hanna Corning 45 E MARKET ST, Corning, NY (607) 936-4663
Listing date May 6, 2026
Copyright © 2026 New York State Alliance of MLSs, LLC. 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.
Key Highlights
- Modern 2‑unit property adjacent to Denison Park
- Each unit has 3 bedrooms with separate gas and electric
- Lower unit is leased at $1,400/month; upper unit previously achieved rents exceeding $1,400/month
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.3k | $10.20 |
| − Vacancy | −$1.1k | −$0.53 |
| EGI | $19.2k | $9.67 |
| − OpEx | −$5.8k | −$2.90 |
| NOI | $13.4k | $6.77 |
