Endicott 7-Unit Investment
For Sale
Contact for pricing
40 Jackson Avenue, Endicott, NY 13760
Cash-flowing 7-unit property in Endicott with strong rental income.
Property Size3,780 SF
Price / SF$105.82
Days on Market215
Property Features for 40 Jackson Avenue
General Information
Standard status
Active
Size
3,780 SF
Property subtype
Multifamily
Zoning
UMF
Building Details
Year Built
1930
Buildings
3
Listing Agency:
EXIT REALTY HOMEWARD BOUND
Listed By:
Christopher Lake · License #10401314389
(607) 237-5780
Source:
Crexi
Added: Mar 5
Changed: Sep 21
Last Checked: Oct 5 at 4:53PM
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
Investment Insights
Based on property information with market context.
This 7-unit property is located in Endicott and offers a multi-unit asset with rental income. The property contains a mix of 1- and 2-bedroom apartments. All units are currently rented with stable tenants. The building is well-maintained and features separate utilities and off-street parking. The property is located near shopping, restaurants, and bus lines, and is also located minutes from Binghamton University and UHS Hospitals. The property has an annual rental income of $73,500 and a total size of 3,780 square feet.
Key Highlights
- High Annual Rental Income: $73,500
- Seven Fully Rented Units with a mix of 1- and 2‑bedroom apartments and stable tenants.
- Prime Location near shopping, restaurants, bus lines, Binghamton University & UHS Hospitals.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,491
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$629,820
$629.8K
Cap Rate 7%
$449,871
$449.9K
Cap Rate 9%
$349,900
$349.9K
Market Conditions
NOI Build-Up for 3,780 SF
Gross rent
$61.2K $16.20/SF
− Vacancy
−$4.0K −$1.05/SF
EGI
$57.3K $15.15/SF
− OpEx
−$25.8K −$6.82/SF
NOI
$31.5K $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%
$629,820
Cap Rate 7%
$449,871
Cap Rate 9%
$349,900
Alternative Uses
Best Use
Apartment 5plus
$449.9K
$393.6K – $524.9K
NOI $31,491 @ 7.0% cap · market cap 7.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$937.8K
$820.6K – $1.09M
NOI $65,645 @ 7.0% cap · market cap 16.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
965
Businesses Nearby
Explore this area
Business Placement
Demographics for 13760, NY
44,153
Population
20,988
Households
2.1
Avg Household Size
44
Median Age
34%
College-Educated
93%
High-School Grad
49.3 sq mi
ZIP Area
896
Density / Sq Mi
$63,242
Median Household Income
$41,939
Median Earnings
$883
Median Rent
$150,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Cash-flowing 7-unit property in Endicott with strong rental income.
Where is this apartment building located?
The property is located at 40 Jackson Avenue Endicott, NY.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: High Annual Rental Income: $73,500; Seven Fully Rented Units with a mix of 1- and 2‑bedroom apartments and stable tenants.; Prime Location near shopping, restaurants, bus lines, Binghamton University & UHS Hospitals.
