Fully Occupied Boutique Apartment
128 Grand Ave Johnson City, NY 13790
128 Grand Ave, Johnson City, NY, 13790
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For Sale
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Boutique multifamily offering 24 units with in-place occupancy, plus an annual seasonal corporate housing relationship.
Property Size31,500 SF
Lot Size0.72 Acres
Price / SF$79.37
Days on Market37
Property Features for 128 Grand Ave
General Information
- Standard status
- Active
- Size
- 31,500 SF
- Lot size
- 0.72 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 2020
Listing agency
Landmark Commercial Real Estate Services
(248) 488-2620
Listed by
Jack Melton · License #6501450066
Source
Crexi
Added: Jun 15 Updated: Jul 21 at 1:26AM Checked: Jul 21 at 10:31AM
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 Landmark Commercial Real Estate Services
Investment Insights
Based on property information with market context.
Grand Monarch Luxury Apartments is a freestanding multifamily property offering 24 apartment units and is fully occupied. The asset provides a seasonal corporate housing relationship with the New York Mets, which annually leases approximately half of the units for player and staff housing. During the off-season, ownership also leverages short-term rental demand from medical visitors, university affiliates, and regional travelers to support year-round revenue.
Additional financial support is provided through a long-term PILOT tax abatement program, which is described as delivering real estate tax savings and enhanced cash flow stability. Approved plans would reconfigure nine 3-bedroom units into eighteen 1-bedroom units, increasing unit count from 24 to 33.
The property is located near Binghamton University, UHS Wilson Medical Center, and downtown Binghamton, with access to major retail and employment hubs in the broader area.
Additional financial support is provided through a long-term PILOT tax abatement program, which is described as delivering real estate tax savings and enhanced cash flow stability. Approved plans would reconfigure nine 3-bedroom units into eighteen 1-bedroom units, increasing unit count from 24 to 33.
The property is located near Binghamton University, UHS Wilson Medical Center, and downtown Binghamton, with access to major retail and employment hubs in the broader area.
Key Highlights
- 2020‑built 31,500 SF freestanding multifamily on 0.72 acres with 24 apartment units
- Fully occupied with an in‑place revenue base under a hybrid income model
- Seasonal corporate housing relationship with the New York Mets annually leases about half the units for player and staff housing
Property Analytics
Location Intelligence
Current Use by Public Records
Livingston Charge Port ...
Electric Vehicle Charging Station
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FAQs
What type of property is this?
Apartment building - Boutique multifamily offering 24 units with in-place occupancy, plus an annual seasonal corporate housing relationship.
Where is this apartment building located?
The property is located at 128 Grand Ave Johnson City, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 2020‑built 31,500 SF freestanding multifamily on 0.72 acres with 24 apartment units; Fully occupied with an in‑place revenue base under a hybrid income model; Seasonal corporate housing relationship with the New York Mets annually leases about half the units for player and staff housing
