Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    71 Endicott Ave Johnson City, NY 13790

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $249,900

    7,452 SF multifamily property with 13 units in Johnson City.

    Property size:
    7,452 SF

    Property Features for 71 Endicott Ave

    General Information

    Size
    7,452 SF

    Building Details

    Year built
    1970

    We can help!

    Listing Contact
    Lisberto Calvo
    Source: Svn

    Listing Agent: Lisberto Calvo

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Multifamily Investment in Johnson City

    This 7,452 SF multifamily property, built in 1970, is located in Johnson City, NY, and is zoned UMF. It features 13 units and offers rental income potential. The property will require a variance for parking and an easement to access the back side of the property where parking would be located. The surrounding community combines urban amenities with suburban tranquility, offering convenient access to shopping, dining, and entertainment. Nearby points of interest include Oakdale Mall and Recreation Park, providing diverse retail options and outdoor activities. The location is near schools, healthcare facilities, and public transportation, making it attractive to potential tenants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Johnson City
    County
    Broome
    State
    New York
    Longitude
    -75.9522196
    Latitude
    42.1117703

    Nearby Similar for Sale

    • $500,000
      6,120 SF

      Main Street Mixed-Use Opportunity

      Mixed-use property near UHS Wilson Medical Center.
      290 Main St, Johnson City, NY 13790
      View Details
    • $1,345,000
      21,348 SF

      Mixed-Use Building Near University

      Mixed-use property with redevelopment potential near Binghamton University.
      257 Main St, Johnson City, NY 13790
      View Details
    • $149,000
      2,434 SF

      Multifamily Property Near University

      Three-unit property near Binghamton University with income potential.
      71 Crocker Ave, Johnson City, NY 13790
      View Details
    • $199,900
      3,276 SF

      Johnson City Investment Property

      Three-unit property near UHS Wilson Hospital with income potential.
      26 Baker St, Johnson City, NY 13790
      View Details
    • $199,900
      1,536 SF

      Johnson City Multifamily Investment Opportunity

      Four-unit property with value-add potential in Johnson City.
      199 Endwell St, Johnson City, NY 13790
      View Details
    • $1,775,000
      9,404 SF

      High-Visibility Commercial Building Near Oakdale

      Versatile 9,404 SF commercial building near major businesses.
      201 Oakdale Rd, Johnson City, NY 13790
      View Details
    • $895,999
      2,496 SF

      Monument Company with Real Estate

      Family-owned monument company with real estate and living space.
      103 Burbank Ave, Johnson City, NY 13790
      View Details
    • Contact for pricing
      14,726 SF

      Turnkey Life Sciences Center

      Brand new 12,338 SF building for sale.
      200 Main St, Johnson City, NY 13790
      View Details
    • $219,000
      2,352 SF

      Five-Unit Apartment Complex For Sale

      Five-unit apartment complex near Pharmaceutical School and UHS Complex.
      149-153 Hudson St, Johnson City, NY 13790
      View Details
    • $395,000
      4,477 SF

      Office Building Near Retail Shops

      Office building with newer systems and easy highway access.
      679 Main St, Johnson City, NY 13790
      View Details
    • $2,100,000
      15,613 SF

      Grand Ave Portfolio

      Grand Ave Portfolio
      204 Grand Ave, Johnson City, NY 13790
      View Details

    FAQs

    What type of property is this?
    Apartment building - 7,452 SF multifamily property with 13 units in Johnson City.
    Where is this apartment building located?
    The property is located at 71 Endicott Ave Johnson City, NY.
    What is the asking price?
    The asking price for this property is $249,900.
    What are key features of this property?
    This property features: - 13 Units: Multifamily property provides immediate rental income potential.; - 7,452 SF: Ample space for tenants.; - Prime Location: Situated in Johnson City, NY, offering convenient access to amenities.
    (607) 725-2246
    Request Owner's contact information
    71 Endicott Ave Johnson City, NY 13790
    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.
    71 Endicott Ave
    Johnson City, NY 13790
    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
    71 Endicott Ave Johnson City, NY 13790
    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

    We can help!
    Listing Contact
    Lisberto Calvo
    (607) 725-2246
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.