Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    195 Floral Ave Johnson City, NY 13790

    • Dormitories
    • 3,483 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5954213
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Dormitories

    Property Details for 195 Floral Ave

    Year built
    1900
    Property size
    3,483 SF
    Property type
    Dormitories
    Property subtype
    Student housing
    APN
    034603-143-081-0001-011-000-0000

    Description

    This exceptional three-unit multifamily property, located at 195 Floral Avenue in Johnson City, New York, presents a compelling investment opportunity. Boasting 3,483 square feet on a 6,250 square foot lot, this 3-story, 1900-built building is currently 100% occupied by Binghamton University students under leases extending until May 2024. Each of the three units offers nine bedrooms in total, providing a strong rental income stream. Recent upgrades include new vinyl siding, replacement windows, updated electrical systems, a new furnace, and a new hot water heater. Kitchens and bathrooms feature new tile. Tenants are responsible for their own utilities. The property's convenient location is a key advantage, situated on the OCC and county bus route, just five minutes from the Binghamton University campus and within walking distance of the university's pharmacy and nursing schools. The property is zoned 230 and has an APN of 034603-143-081-0001-011-000-0000. The asking price is $325,000, representing a price per square foot of $93.31 and a price per unit of $108,333.33. This turnkey investment offers immediate cash flow and significant potential for long-term appreciation in a high-demand student housing market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Johnson City
    County
    Broome
    State
    New York
    Longitude
    -75.9566209
    Latitude
    42.1081233

    Comparable in this City

    • $249,900
      7,452 SF

      Multifamily Investment in Johnson City

      7,452 SF multifamily property with 13 units in Johnson City.
      71 Endicott Ave, Johnson City, NY 13790
      View Details
    • $199,900
      1,536 SF

      Johnson City Multifamily Investment Opportunity

      Four-unit property with value-add potential in Johnson City.
      199 Endwell St, Johnson City, NY 13790
      View Details
    • $500,000
      6,120 SF

      Main Street Mixed-Use Opportunity

      Mixed-use property near UHS Wilson Medical Center.
      290 Main St, Johnson City, NY 13790
      View Details
    • $2,100,000
      15,613 SF

      Grand Ave Portfolio

      Grand Ave Portfolio
      204 Grand Ave, Johnson City, NY 13790
      View Details
    • $1,345,000
      21,348 SF

      Mixed-Use Building Near University

      Mixed-use property with redevelopment potential near Binghamton University.
      257 Main St, Johnson City, NY 13790
      View Details
    • $199,900
      3,276 SF

      Johnson City Investment Property

      Three-unit property near UHS Wilson Hospital with income potential.
      26 Baker St, Johnson City, NY 13790
      View Details

    Similar Nearby for Sale

    • $500,000
      6,120 SF

      Main Street Mixed-Use Opportunity

      Mixed-use property near UHS Wilson Medical Center.
      290 Main St, Johnson City, NY 13790
      View Details
    • $2,100,000
      15,613 SF

      Grand Ave Portfolio

      Grand Ave Portfolio
      204 Grand Ave, Johnson City, NY 13790
      View Details
    • $1,345,000
      21,348 SF

      Mixed-Use Building Near University

      Mixed-use property with redevelopment potential near Binghamton University.
      257 Main St, Johnson City, NY 13790
      View Details
    • $199,900
      3,276 SF

      Johnson City Investment Property

      Three-unit property near UHS Wilson Hospital with income potential.
      26 Baker St, Johnson City, NY 13790
      View Details
    • $219,000
      2,352 SF

      Five-Unit Apartment Complex For Sale

      Five-unit apartment complex near Pharmaceutical School and UHS Complex.
      149-153 Hudson St, Johnson City, NY 13790
      View Details
    • $249,900
      7,452 SF

      Multifamily Investment in Johnson City

      7,452 SF multifamily property with 13 units in Johnson City.
      71 Endicott Ave, Johnson City, NY 13790
      View Details

    Similar Nearby for Lease

    • $1,300 /Mo

      Spacious Apartment in Johnson City

      Four-bedroom apartment near shops and transportation in Johnson City.
      306 Grand Ave, Johnson City, NY 13790
      View Details
    • Contact for pricing
      6,507 SF

      Retail Space on Main Street

      Retail space available on a signalized intersection with high traffic.
      778 Main St, Johnson City, NY 13790
      View Details
    • $23 SF/Yr
      9,012 SF

      Retail Space Ready for Lease

      2,100 SF retail space available in central location.
      218 Reynolds Rd, Johnson City, NY 13790
      View Details
    • Contact for pricing
      30,000 SF

      Super Regional Mixed-Use Center

      High-performing mixed-use center in Binghamton, NY MSA.
      601-635 Harry L Dr, Johnson City, NY 13790
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    195 Floral Ave
    Johnson City, NY 13790
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.