7-Unit Apartment
For Sale
$529,900
935 Us Route 11, Central Square, NY 13036
Multifamily property offering rental income along US Route 11.
Property Size3,612 SF
Price / SF$146.71
Days on Market8
Property Features for 935 Us Route 11
General Information
Standard status
Active
Size
3,612 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
7
Listing Agency:
Acropolis Realty Group LLC
(315) 396-0493
Listed By:
Amanda Faatz
(315) 396-0493
Source:
Exprealty
Added: Jul 24
Changed: Jul 31
Last Checked: Jul 31 at 2:47PM
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 Acropolis Realty Group LLC
Investment Insights
Based on property information with market context.
This 7-unit apartment building contains 3,612 square feet and is positioned as an income-producing multifamily property. The asset offers existing rental income across its apartment units, providing an established operating profile for a multifamily buyer.
The property is located along US Route 11, with access to Interstate 81 and Central Square. Its configuration combines multiple residential units with a commercial investment profile in a single apartment property.
The property is located along US Route 11, with access to Interstate 81 and Central Square. Its configuration combines multiple residential units with a commercial investment profile in a single apartment property.
Key Highlights
- 7‑unit apartment building
- 3,612 square feet of property size
- Income‑producing multifamily property
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 | $53.3k | $14.76 |
| − Vacancy | −$2.9k | −$0.81 |
| EGI | $50.4k | $13.95 |
| − OpEx | −$22.7k | −$6.28 |
| NOI | $27.7k | $7.67 |
3,612 SF · lease $14.76/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$395.8K
$346.4K – $461.8K
NOI $27,709 @ 7.0% cap · market cap 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$720.5K
$630.4K – $840.5K
NOI $50,432 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
7
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
Explore this area
Business Placement
Demographics for 13036, NY
8,601
Population
3,959
Households
2.2
Avg Household Size
45
Median Age
22%
College-Educated
94%
High-School Grad
46.1 sq mi
ZIP Area
187
Density / Sq Mi
$87,610
Median Household Income
$45,448
Median Earnings
$960
Median Rent
$173,900
Median Home Value
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 - Multifamily property offering rental income along US Route 11.
Where is this apartment building located?
The property is located at 935 Us Route 11 Central Square, NY.
What is the asking price?
The asking price for this property is $529,900.
What are key features of this property?
This property features: 7‑unit apartment building; 3,612 square feet of property size; Income‑producing multifamily property
