Mixed-Use Building with
For Sale
$625,000
1206-1210 North Street, Endicott, NY 13760
Commercial, ENDICOTT, NY
Property Size3,896 SF
Lot Size0.07 Acres
Price / SF$160.42
Days on Market93
Property Features for 1206-1210 North Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
481- att row bldg
Elementary school district
Union Endicott
Middle school district
Union Endicott
High school district
Union Endicott
Directions
North street accross form teh BAE parking lot. Between Washington ave and Madison ave
Subdivision
Area 05
Standard status
Active
APN
034601-157-006-0007-002-000-0000
Size
3,896 SF
Lot size
0.07 Acres
Utilities
Water source
Public
Building Details
Year built
1960
Flooring type
Wood
Building materials
Stucco
Roof type
Membrane
Listing Agency:
KELLER WILLIAMS REALTY GREATER BINGHAMTON
(607) 722-0722
Listed By:
Erin C. Whited
(607) 727-5609
Added: May 28
Changed: Aug 19
Last Checked: Aug 28 at 11:06AM
MLS# 336070
Copyright © 2026 Greater Binghamton Association of Realtor. 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 mixed-use property at 1206-1210 North Street combines nine residential units with three commercial storefronts in a 3,896-square-foot building. Ten of the 12 units are currently occupied. Built in 1960, the structure features stucco construction, wood flooring, a membrane roof, and public water service.
The property is positioned in a high-traffic area directly across from BAE Systems and within the Washington Avenue corridor in Endicott. It is also near shopping, major employers, and the former Huron Campus. The surrounding area includes ongoing redevelopment activity and investment around the campus and BAE Systems.
The property is positioned in a high-traffic area directly across from BAE Systems and within the Washington Avenue corridor in Endicott. It is also near shopping, major employers, and the former Huron Campus. The surrounding area includes ongoing redevelopment activity and investment around the campus and BAE Systems.
Key Highlights
- Nine residential units and three commercial storefronts
- 3,896 square feet on a 0.07‑acre lot
- 10 of 12 units currently occupied
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,190
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$783,800
$783.8K
Cap Rate 7%
$559,857
$559.9K
Cap Rate 9%
$435,444
$435.4K
Market Conditions
NOI Build-Up for 3,896 SF
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.
Gross rent
$58.4K $15.00/SF
− Vacancy
−$2.5K −$0.63/SF
EGI
$56.0K $14.37/SF
− OpEx
−$16.8K −$4.31/SF
NOI
$39.2K $10.06/SF
Area
Broome County, NY
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$783,800
Cap Rate 7%
$559,857
Cap Rate 9%
$435,444
Alternative Uses
Best Use
Retail
$559.9K
$489.9K – $653.2K
NOI $39,190 @ 7.0% cap · market cap 6.27%
Second Best
Mixed Use
$537.9K
$470.6K – $627.5K
NOI $37,650 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$966.6K
$845.7K – $1.13M
NOI $67,659 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
9
Residential units
83.3%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
936
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Nine residential units and three commercial spaces create a diversified mixed-use configuration.
Where is this mixed-use property located?
The property is located at 1206-1210 North Street Endicott, NY.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Nine residential units and three commercial storefronts; 3,896 square feet on a 0.07‑acre lot; 10 of 12 units currently occupied
