Townhouse-Style Multifamily with
For Sale
$2,450,000
101 Hooper Rd, Endicott, NY 13760
Twenty townhouse-style units with 18 recently renovated homes and 16 private drive-in garages.
Property Size26,042 SF
Days on Market142
Property Features for 101 Hooper Rd
General Information
Standard status
Active
Size
26,042 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
20
Building Details
Building Size
26,042 SF
Year Built
1960
Listing Agency:
SVN Innovative Commercial Advisors
Listed By:
Scott Warren, CCIM, CIREC · License #NY #10491212432
(607) 621-0439
Source:
Svn
Added: Jun 2
Changed: Oct 10
Last Checked: Oct 20 at 7:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN Innovative Commercial Advisors
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Investment Insights
Based on property information with market context.
Offered for sale is a 20-unit townhouse-style multifamily property featuring a unit mix of nine three-bedroom units and eleven two-bedroom units. Eighteen of the 20 units have recently been renovated, and each unit is equipped with separate furnaces and water heaters. The property also includes 16 private drive-in garages, along with additional storage space.
No additional site or access details were provided in the offering information.
No additional site or access details were provided in the offering information.
Key Highlights
- Townhouse‑style 20‑unit multifamily built in 1960
- Unit mix: 9 three‑bedroom units and 11 two‑bedroom units
- 18 of 20 units recently renovated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$216,952
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,339,040
$4.3M
Cap Rate 7%
$3,099,314
$3.1M
Cap Rate 9%
$2,410,578
$2.4M
Market Conditions
NOI Build-Up for 26,042 SF
Gross rent
$421.9K $16.20/SF
− Vacancy
−$27.4K −$1.05/SF
EGI
$394.5K $15.15/SF
− OpEx
−$177.5K −$6.82/SF
NOI
$217.0K $8.33/SF
Area
Broome County, NY
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,339,040
Cap Rate 7%
$3,099,314
Cap Rate 9%
$2,410,578
Alternative Uses
Best Use
Apartment 5plus
$3.10M
$2.71M – $3.62M
NOI $216,952 @ 7.0% cap · market cap 8.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.46M
$5.65M – $7.54M
NOI $452,256 @ 7.0% cap · market cap 18.46%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
20
Residential units
Location Intelligence
Trade Area within ½ mile
570
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Twenty townhouse-style units with 18 recently renovated homes and 16 private drive-in garages.
Where is this apartment building located?
The property is located at 101 Hooper Rd Endicott, NY.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Townhouse‑style 20‑unit multifamily built in 1960; Unit mix: 9 three‑bedroom units and 11 two‑bedroom units; 18 of 20 units recently renovated
