102-106 Main St Endicott, NY 13760
- Investment properties
- 9,144 SF
- 0.20 lot acres
Current Use by Public Records
- AMF Affordable Car Insurance - Endicott NY / Insurance Company
Property Details for 102-106 Main St
- Year built
- 1960
- Lot size
- 0.20 lot acres
- Property size
- 9,144 SF
- Zone code
- CBD
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 034601 157.13-8-25
- APU
- 3460115713825
Description
This exceptional investment opportunity presents a portfolio of four mixed-use buildings totaling 28,287 square feet in Endicott, NY. Located at 102-106 West Main Street, 310 East Main Street, 1104 Monroe Street, and 303 Robble Avenue, this portfolio comprises 33 units, including two commercial spaces. The properties boast a combined gross rent of $320,316, generating a substantial net operating income (NOI) of $182,179.17, resulting in a compelling 9.44% capitalization rate. Built in 1960, the portfolio sits on a 0.87-acre lot and offers a price per unit of $54,454 and a price per square foot of $18. The properties benefit from a high-traffic corner location on Main Street, with an average daily traffic count of 24,359 vehicles. One commercial space features a new AC unit and a long-term tenant. Residential rents are currently below market value, presenting significant upside potential. This package must be purchased as a whole. The asking price for this lucrative investment is $1,928,998. The area is experiencing significant growth due to recent additions of a battery manufacturer and a solar manufacturer. This portfolio represents a strong investment in a thriving market, with nearby amenities including the Cider Mill, McCoy's Chophouse, and George W. Johnson Park. The walkability score is 72. The properties are located in a municipal electric zone.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $240,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $160,000
- 6.5%
- $165,000
- 7%
- $165,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $175,000
- Geo Method
- $155,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $160,000
- Retail
- $145,000
- Mixed-Use
- $165,000
- Hospitality
- $160,000
- Educational
- $190,000
- Residential Income
- $155,000
- Energy
- $165,000
- Income-Based Land
- $155,000
- Food Service
- $140,000
Location Insight
- Map
- Local Demand
- City
- Endicott
- County
- Broome
- State
- New York
- Longitude
- -76.0655
- Latitude
- 42.0948
- CBSA code
- 13780
- CBSA name
- BINGHAMTON, NY METROPOLITAN STATISTICAL AREA
