Six-Unit Apartment
205 Rano BLVD, Vestal, NY 13850
For Sale
Contact for pricing
Multifamily property combining townhouse-style residences with studio and three-bedroom units.
Property Size6,368 SF
Price / SF$114.62
Days on Market106
Property Features for 205 Rano BLVD
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Investment Type
Net Operating Income
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Building Details
Year Built
Buildings
Units
Tenancy
Listing Agency:
Exit Realty Homeward Bound Vestal
Listed By:
Robert Farrell
(607) 760-5001
Source:
Crexi
Added: Jul 28
Changed: Oct 26
Last Checked: Nov 10 at 6:44AM
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 Exit Realty Homeward Bound Vestal
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1980, this 6,368-square-foot multifamily property contains six residential units in a varied configuration. The rear portion includes four townhouse-style residences, while the front section contains one studio and one three-bedroom apartment. The property is zoned Mult Res and has a tenant history that includes long-term occupants.
Recent improvements include a new roof, fascia, insulation, and 14 skylights. The property is situated in Vestal with access to shopping, restaurants, schools, public transportation, and major roadways. Its unit mix provides a combination of townhouse-style and traditional apartment layouts within one residential income property.
Recent improvements include a new roof, fascia, insulation, and 14 skylights. The property is situated in Vestal with access to shopping, restaurants, schools, public transportation, and major roadways. Its unit mix provides a combination of townhouse-style and traditional apartment layouts within one residential income property.
Key Highlights
- Six residential units totaling 6,368 SF
- Unit mix includes four rear townhouse‑style units, one studio, and one three‑bedroom apartment
- 14 new skylights
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,051
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,061,020
$1.1M
Cap Rate 7%
$757,871
$757.9K
Cap Rate 9%
$589,456
$589.5K
Market Conditions
NOI Build-Up for 6,368 SF
Gross rent
$103.2K $16.20/SF
− Vacancy
−$6.7K −$1.05/SF
EGI
$96.5K $15.15/SF
− OpEx
−$43.4K −$6.82/SF
NOI
$53.1K $8.33/SF
Area
Broome County, NY
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,061,020
Cap Rate 7%
$757,871
Cap Rate 9%
$589,456
Alternative Uses
Best Use
Apartment 5plus
$757.9K
$663.1K – $884.2K
NOI $53,051 @ 7.0% cap · market cap 7.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,589 @ 7.0% cap · market cap 15.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
575
Businesses Nearby
Explore this area
Business Placement
Demographics for 13850, NY
22,135
Population
10,427
Households
2.1
Avg Household Size
43
Median Age
45%
College-Educated
94%
High-School Grad
51.1 sq mi
ZIP Area
433
Density / Sq Mi
$81,627
Median Household Income
$44,821
Median Earnings
$1,111
Median Rent
$185,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Apartment buildings in Broome County, NY
Properties on Market for Apartment buildings in Broome County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property combining townhouse-style residences with studio and three-bedroom units.
Where is this apartment building located?
The property is located at 205 Rano BLVD Vestal, NY.
What is the asking price?
The asking price for this property is $729,900.
What are key features of this property?
This property features: Six residential units totaling 6,368 SF; Unit mix includes four rear townhouse‑style units, one studio, and one three‑bedroom apartment; 14 new skylights
