Multifamily Property with Attached
For Sale
Contact for pricing
16 Eagle Drive, Painted Post, NY 14870
Two-bedroom, two-bath units with attached garages across two buildings, with recent roof and exterior updates.
Property SizeContact for details
Days on Market140
Property Features for 16 Eagle Drive
General Information
Standard status
Active
Class
B
Property subtype
Multifamily
Investment Type
Value Add
Additional Details
Cap Rate
7.75%
Highway Access
Yes
Multifamily Units
16
Amenities
central air-conditioning
washer/dryer in unit
24-hour surveillance
attached garages
Building Details
Year Built
1989
Year Renovated
2022
Buildings
2
Stories
2
Units
16
Tenancy
Multi
Listing Agency:
Cushman & Wakefield Pyramid Brokerage Company - Corning, New York
Listed By:
Michael J. Manzari · License #NY 30MA0862846
(607) 937-9720
Source:
Crexi
Added: Apr 21
Changed: Sep 2
Last Checked: Sep 7 at 3:21AM
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 Cushman & Wakefield Pyramid Brokerage Company - Corning, New York
Investment Insights
Based on property information with market context.
This for-sale multifamily property includes 16 two-bedroom, two-bath apartments split between two buildings. Recent improvements include new roofs and exterior finishes, and most units have been renovated with granite kitchens, stainless appliances, updated bathrooms, new floors, and fresh paint. Each unit features central air-conditioning, and washer/dryers are included in most units. The common areas and exteriors are monitored with 24-hour surveillance.
The property is located minutes from I-99 and I-86, with Corning, NY a short drive away, where Corning Inc. is headquartered.
The offering is described as having potential to be sold as condominiums, with the creation of a HOA. The remarks also note a 7.75% cap rate.
The property is located minutes from I-99 and I-86, with Corning, NY a short drive away, where Corning Inc. is headquartered.
The offering is described as having potential to be sold as condominiums, with the creation of a HOA. The remarks also note a 7.75% cap rate.
Key Highlights
- 16 two‑bedroom, two‑bath apartments across two buildings
- New roofs and exterior finishes
- Most units renovated with granite kitchens, stainless appliances, updated bathrooms, new floors, and fresh paint
Property Analytics
Current Use
Lease Details
16
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
50
Businesses Nearby
Explore this area
Business Placement
Demographics for 14870, NY
9,648
Population
4,691
Households
2.1
Avg Household Size
44
Median Age
41%
College-Educated
93%
High-School Grad
64.5 sq mi
ZIP Area
150
Density / Sq Mi
$88,514
Median Household Income
$58,864
Median Earnings
$1,128
Median Rent
$164,000
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?
Apartment building - Two-bedroom, two-bath units with attached garages across two buildings, with recent roof and exterior updates.
Where is this apartment building located?
The property is located at 16 Eagle Drive Painted Post, NY.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 16 two‑bedroom, two‑bath apartments across two buildings; New roofs and exterior finishes; Most units renovated with granite kitchens, stainless appliances, updated bathrooms, new floors, and fresh paint
