8-Unit Apartment
For Sale
$625,000
59 Grand Ave Johnson, Johnson City, NY 13790
Eight one-bedroom apartments sit within walking distance of major healthcare and education institutions.
Property Size5,370 SF
Days on Market81
Property Features for 59 Grand Ave Johnson
General Information
Standard status
Active
Size
5,370 SF
Property subtype
MultiFamily Apartments
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
8 x 1BR
Multifamily Units
8
Building Details
Building Size
5,370 SF
Year Built
1970
Buildings
1
Listing Agency:
Warren Real estate
Listed By:
Scott Warren
(439) 439-0439
Source:
Thebrokerlist
Added: Jul 26
Changed: Oct 11
Last Checked: Oct 12 at 4:42PM
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 Warren Real estate
Investment Insights
Based on property information with market context.
This 1970 apartment building contains 8 one-bedroom units in Johnson City, NY. The efficient configuration is positioned near major healthcare and higher-education institutions, including the UHS medical complex, Binghamton University’s School of Pharmacy and Pharmaceutical Sciences, and Decker College of Nursing and Health Sciences.
The property is also near Main Street, Riverside Drive, Harry L Drive, Route 17/I-86, public transportation, retail, restaurants, grocery options, and everyday services. Its location provides access to employment, educational, and regional transportation connections across Johnson City, Binghamton, Endicott, Vestal, and the broader Southern Tier.
The property is also near Main Street, Riverside Drive, Harry L Drive, Route 17/I-86, public transportation, retail, restaurants, grocery options, and everyday services. Its location provides access to employment, educational, and regional transportation connections across Johnson City, Binghamton, Endicott, Vestal, and the broader Southern Tier.
Key Highlights
- 8‑unit apartment building with eight one‑bedroom units
- 1970 construction
- Within walking distance of the UHS medical complex
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,737
Cap Rate
7.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$894,740
$894.7K
Cap Rate 7%
$639,100
$639.1K
Cap Rate 9%
$497,078
$497.1K
Market Conditions
NOI Build-Up for 5,370 SF
Gross rent
$87.0K $16.20/SF
− Vacancy
−$5.7K −$1.05/SF
EGI
$81.3K $15.15/SF
− OpEx
−$36.6K −$6.82/SF
NOI
$44.7K $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%
$894,740
Cap Rate 7%
$639,100
Cap Rate 9%
$497,078
Alternative Uses
Best Use
Apartment 5plus
$639.1K
$559.2K – $745.6K
NOI $44,737 @ 7.0% cap · market cap 7.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.33M
$1.17M – $1.55M
NOI $93,258 @ 7.0% cap · market cap 14.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
8
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,202
Businesses Nearby
Explore this area
Business Placement
Demographics for 13790, NY
18,478
Population
9,585
Households
1.9
Avg Household Size
43
Median Age
29%
College-Educated
89%
High-School Grad
27.2 sq mi
ZIP Area
679
Density / Sq Mi
$54,764
Median Household Income
$37,360
Median Earnings
$985
Median Rent
$117,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Eight one-bedroom apartments sit within walking distance of major healthcare and education institutions.
Where is this apartment building located?
The property is located at 59 Grand Ave Johnson Johnson City, NY.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 8‑unit apartment building with eight one‑bedroom units; 1970 construction; Within walking distance of the UHS medical complex
