Multifamily Property in Rural
3016 New York 17 Route Deposit, NY 13754
For Sale
$339,999
MULTI_FAMILY - Deposit, NY
Property Size2,800 SF
Lot Size3.25 Acres
Price / SF$121.43
Days on Market72
Property Features for 3016 New York 17 Route
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 10
- Bathrooms
- 7
- Rooms
- Bedroom 9, Bathroom 5, Bedroom 1, Bathroom 6, Bedroom 6, Bathroom 3, Bathroom 7, Bathroom 1, Bedroom 10, Bedroom 7, Bedroom 8, Bedroom 5, Bathroom 2, Bathroom 4, Bedroom 3, Bedroom 2, Bedroom 4
- Parking
- 12
- Standard status
- Active
- APN
- 0202.1-1-.34
- Size
- 2,800 SF
- Lot size
- 3.25 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4088
Building Details
- Year built
- 1950
- Floors in Building
- 3
- Number of units
- 6
Listing Agency:
Woodland Creek Real Estate - Hancock
(607) 637-4663
Listed By:
Jill Woodmansee Gorton · License #RSR002226
(607) 206-4073
Added: May 16
Changed: Jul 3
Last Checked: Jul 26 at 12:06PM
MLS# PW-261473
Copyright © 2026 Pike/Wayne Association of Realtors MLS. 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 multifamily property is located in a rural setting with easy access to Route 17, approximately 30 minutes from Binghamton. The property includes apartments, some of which have been remodeled, with plans to remodel others. Recent updates include fresh paint and a newer sump pump. The property size is 2800 square feet and the lot size is 3.25 acres.
Key Highlights
- Built in 1950
- Newer sump pump
- Fresh paint
Financial Insights For Apartment 5plus
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 | $45.4k | $16.20 |
| − Vacancy | −$2.9k | −$1.05 |
| EGI | $42.4k | $15.15 |
| − OpEx | −$19.1k | −$6.82 |
| NOI | $23.3k | $8.33 |
2,800 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$333.2K
$291.6K – $388.8K
NOI $23,326 @ 7.0% cap · market cap 6.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$694.7K
$607.8K – $810.4K
NOI $48,626 @ 7.0% cap · market cap 14.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Apartment building - Multifamily property with easy access to Route 17.
Where is this apartment building located?
The property is located at 3016 New York 17 Route Deposit, NY.
What is the asking price?
The asking price for this property is $339,999.
What are key features of this property?
This property features: Built in 1950; Newer sump pump; Fresh paint
