Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Renovated Multifamily Building in Endicott Title is generated by Realmo AI

    105 Madison Ave, Endicott, NY 13760

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Fully stabilized 5-unit building in a rapidly developing area.

    Type:Multifamily
    Property size:
    4,086 SF
    Price / SF:
    $69/SF
    Added:
    May 3, 2024
    Days on Market:
    763
    Last Refresh:
    May 13 at 12:12 am

    Property Features for 105 Madison Ave

    General Information

    Standard status
    Active
    Size
    4,086 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    1980

    We can help!

    Listing Contact
    Scott Warren

    Listing agent Scott Warren License #NY 10301220936

    Listing office SVN Innovative Commercial Advisors

    Listing date May 3, 2024

    Source Crexi

    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

    HighLights

    • Located in a rapidly developing area designated as a Technology Hub by the Biden Administration, indicating significant growth potential.
    • Situated in a Federal Opportunity Zone, offering potential tax benefits for investors.
    • Fully stabilized 5‑unit building, providing immediate rental income.
    • Newly renovated, reducing potential maintenance costs and increasing tenant appeal.
    • Walking distance to Washington Avenue's shops and restaurants, offering convenient access to amenities.
    • Private parking lot, providing off‑street parking for tenants.

    Overview

    This newly renovated and fully stabilized 5-unit building is located in Endicott, NY. The property is situated in a rapidly developing area, which is experiencing growth due to the addition of a new battery manufacturer, a solar manufacturer, and a $160 million research and development grant. The area has been designated as one of 32 Technology Hubs. The property is within walking distance to shops and restaurants on Washington Avenue and is located in a Federal Opportunity Zone. The building has been updated and includes a private parking lot for off-street parking. The property size is 4086 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Endicott
    County
    Broome
    State
    New York
    Longitude
    -76.0490677
    Latitude
    42.1020249

    Nearby Similar for Sale

    • $675,000
      3,896 SF

      Mixed-Use Building with Storefronts

      High-traffic mixed-use asset across from BAE Systems, combining residential income and retail storefronts.
      1206-1210 North Street, ENDICOTT, NY 13760
      View Details
    • $675,000
      3,896 SF

      Mixed-Use Building in Endicott, NY

      Income-producing mixed-use property with residential and commercial units.
      1206-1210 North Street, ENDICOTT, NY 13760
      View Details
    • $207,400
      2,994 SF

      Endicott Multifamily Investment Opportunity

      Two-unit property on 2.1 acres with long-term tenants.
      1136 Taft Avenue, Endicott, NY 13760
      View Details
    • $149,900
      1,674 SF

      Side-by-Side Duplex with Bonus Space

      Well-maintained two-family offers separate utilities, original woodwork, and flexible finished attic and basement areas.
      116 Fillmore Avenue, ENDICOTT, NY 13760
      View Details
    • $125,000
      1,772 SF

      Endicott Three-Family Investment Opportunity

      Three-family property with detached garage apartment near local amenities.
      309 Adams Avenue, ENDICOTT, NY 13760
      View Details
    • $265,000
      3,663 SF

      Fully Rented Investment Property

      Well-maintained 4-family property with separate utilities and recent upgrades.
      312 Roosevelt Avenue, ENDICOTT, NY 13760
      View Details
    • $155,000
      1,252 SF

      Income-Producing Two-Family Corner Lot

      Two-family property on a corner lot in Endicott, NY.
      111 S Page Avenue, ENDICOTT, NY 13760
      View Details
    • $299,000
      2,184 SF

      Endicott Duplex on Corner Lot

      Duplex on corner lot near amenities, fully occupied until 2026.
      1701 Watson Boulevard, ENDICOTT, NY 13760
      View Details
    • $275,000
      11,616 SF

      Endicott Multifamily Investment Opportunity

      Seven-unit building with renovation and income potential in Endicott, NY.
      24 Lincoln Avenue, ENDICOTT, NY 13760
      View Details
    • $275,000
      11,616 SF

      Endicott Multifamily Investment Opportunity

      Seven-unit building with renovation and income potential in Endicott, NY.
      24 Lincoln Avenue, ENDICOTT, NY 13760
      View Details
    • $250,000
      6,240 SF

      Established Auto Parts Store

      Auto parts store with parking, showroom, and warehouse space.
      307-311 Harrison Avenue, Endicott, NY 13760
      View Details
    • $2,500,000
      41,000 SF

      Endicott Office Building For Sale

      41,000 SF office building with amenities and ample parking.
      111 Grant Avenue, Endicott, NY, 13760
      View Details

    FAQs

    What type of property is this?
    Apartment building - Fully stabilized 5-unit building in a rapidly developing area.
    Where is this apartment building located?
    The property is located at 105 Madison Ave Endicott, NY.
    What is the asking price?
    The asking price for this property is $285,000.
    What are key features of this property?
    This property features: Located in a rapidly developing area designated as a Technology Hub by the Biden Administration, indicating significant growth potential.; Situated in a Federal Opportunity Zone, offering potential tax benefits for investors.; Fully stabilized 5‑unit building, providing immediate rental income.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Scott Warren
    Real Estate License ID: NY 10301220936
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    105 Madison Ave, Endicott, NY 13760
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!