Former Bank
28 Garfield Avenue Endicott, NY 13760
28 Garfield Avenue, Endicott, NY, 13760
$99,000
For Sale
$99,000
Former bank drive-thru property with access from Garfield Avenue and Monroe Street.
Property Size243 SF
Price / SF$407.41
Days on Market13
Property Features for 28 Garfield Avenue
General Information
- Standard status
- Active
- Size
- 243 SF
- Property subtype
- Office
Listing agency
Binghamton Office
(607) 754-5990
Listed by
Jeffrey Sabitus
(607) 754-5990
Source
Pyramidbrokerage
Added: Jul 10 Updated: Jul 22 at 1:26AM Checked: Jul 22 at 2:20AM
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 Binghamton Office
Investment Insights
Based on property information with market context.
This property was formerly a bank drive-thru, offering a configuration suited to businesses that need drive-through functionality. The offering is being marketed as a reuse opportunity for a retail corridor.
The site is accessible from both Garfield Avenue and Monroe Street, providing two points of entry for customers and operations.
Because it is a former drive-thru bank, the property’s primary advantage is its existing drive-thru setup for an end user looking to operate from a vehicle-accessible format.
The site is accessible from both Garfield Avenue and Monroe Street, providing two points of entry for customers and operations.
Because it is a former drive-thru bank, the property’s primary advantage is its existing drive-thru setup for an end user looking to operate from a vehicle-accessible format.
Key Highlights
- Former bank drive‑thru property
- Accessible from both Garfield Avenue and Monroe Street
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $4.4k | $18.00 |
| − Vacancy | −$184 | −$0.76 |
| EGI | $4.2k | $17.24 |
| − OpEx | −$1.0k | −$4.31 |
| NOI | $3.1k | $12.93 |
243 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$44.9K
$39.3K – $52.4K
NOI $3,143 @ 7.0% cap · market cap 3.17%
Second Best
Retail
$34.9K
$30.6K – $40.7K
NOI $2,444 @ 7.0% cap · market cap 2.47%
Theoretical Best
Office A
$60.3K
$52.8K – $70.3K
NOI $4,220 @ 7.0% cap · market cap 4.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Banks
Similar For Sale Nearby
FAQs
What type of property is this?
Bank - Former bank drive-thru property with access from Garfield Avenue and Monroe Street.
Where is this bank located?
The property is located at 28 Garfield Avenue Endicott, NY.
What is the asking price?
The asking price for this property is $99,000.
What are key features of this property?
This property features: Former bank drive‑thru property; Accessible from both Garfield Avenue and Monroe Street
