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    Multifamily Property in Rural Setting Title is generated by Realmo AI

    3016 New York 17 Route, Deposit, NY 13754

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    Claim this Listing
    For Sale
    $339,999

    MULTI_FAMILY - Deposit, NY

    Property size:
    2,800 SF
    Lot size:
    3.25 Acres
    Price / SF:
    $121/SF
    Added:
    May 16, 2026
    Days on Market:
    31
    Last Refresh:
    Jun 15 at 7:06 am

    Property Features for 3016 New York 17 Route

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    10
    Bathrooms
    7
    Rooms
    Bedroom 7, Bedroom 10, Bathroom 2, Bathroom 6, Bedroom 1, Bathroom 4, Bedroom 9, Bedroom 5, Bedroom 6, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Bathroom 7, Bathroom 5, Bedroom 2, Bedroom 8
    Parking
    12
    Standard status
    Active
    APN
    0202.1-1-.34
    Size
    2,800 SF
    Lot size
    3.25 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    4088

    Building Details

    Year built
    1950
    Floors in Building
    3
    Number of units
    6

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    Listing Contact
    Jill Woodmansee Gorton
    Jill Woodmansee Gorton

    Listing agent Jill Woodmansee Gorton License #RSR002226

    Listing office Woodland Creek Real Estate - Hancock 114 Main Street, Hancock, NY

    Listing date May 16, 2026

    MLS# PW-261473 Listing URL

    Copyright © 2026 Pike/Wayne Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Built in 1950
    • Newer sump pump
    • Fresh paint
    • Some apartments have been remodeled, with more updates planned
    • Easy access to Route 17
    • About 30 minutes from Binghamton

    Overview

    This multifamily property is located in a rural setting with easy access to Route 17, approximately 30 minutes from Binghamton. The property includes apartments, some of which have been remodeled, with plans to remodel others. Recent updates include fresh paint and a newer sump pump. The property size is 2800 square feet and the lot size is 3.25 acres.

    Local Financial Insights For Apartment 5plus

    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 $45.4k $16.20
    − Vacancy −$2.9k −$1.05
    EGI $42.4k $15.15
    − OpEx −$19.1k −$6.82
    NOI $23.3k $8.33
    2,800 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $333.2K
    $291.6K – $388.8K (±1% cap)
    NOI $23,326 @ 7.0% cap · market cap 6.86%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $694.7K
    $607.8K – $810.4K (±1% cap)
    NOI $48,626 @ 7.0% cap · market cap 14.30%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Food Market Farmer's Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Deposit
    County
    Broome
    State
    New York
    Longitude
    -75.485817
    Latitude
    42.048374

    FAQs

    What type of property is this?
    Apartment building - Multifamily property with easy access to Route 17.
    Where is this apartment building located?
    The property is located at 3016 New York 17 Route Deposit, NY.
    What is the asking price?
    The asking price for this property is $339,999.
    What are key features of this property?
    This property features: Built in 1950; Newer sump pump; Fresh paint
    More about this property
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