408-410 Roosevelt Ave.

Description:

This 12-unit multifamily investment includes two contiguous buildings at 408–410 Roosevelt Avenue in Endicott, New York. The largely occupied portfolio provides immediate in-place income with additional upside through continued unit upgrades and rent growth.

The properties have recently received substantial improvements to apartment interiors and common areas. They were also part of a larger portfolio that underwent more than $278,000 in capital improvements, including appliances, HVAC components, water heaters, flooring, interior finishes and roof work. These upgrades reduce near-term capital requirements while remaining improvements provide a clear path to increased revenue.

Located near Route 26, Route 434 and Interstate 86, the property offers convenient access to BAE Systems, the Huron Campus, UHS facilities, major retailers and area amenities. Stable multifamily vacancy, limited new supply and continued investment in Endicott support sustained rental demand and long-term asset performance.


Located one block from Main Street, 408 Roosevelt Avenue offers residents convenient access to NYS Route 26, I-86 and Route 434, providing efficient connectivity throughout the Greater Binghamton area. The property is positioned near major employment centers, including BAE Systems, the Huron Campus and UHS facilities, as well as established shopping, dining and essential services. This combination of accessibility, employment proximity and neighborhood amenities supports consistent tenant demand and long-term rental performance. Continued public and private investment in Endicott further enhances the property’s position within an evolving and increasingly active investment market.


12-unit multifamily investment across two contiguous buildings
Largely occupied with immediate in-place income
Recent improvements to apartment interiors and common areas
Upgrades include appliances, HVAC components, water heaters, flooring, interior finishes and roof work
Reduced near-term capital requirements
Additional upside through remaining renovations, rent growth and operating efficiencies
Approximately 0.39 acres with convenient access to Route 26, Route 434 and Interstate 86
Near BAE Systems, the Huron Campus, UHS facilities, shopping, dining and essential services
Supported by stable multifamily fundamentals and limited new housing supply
Well-positioned investment offering current cash flow and long-term value-add potential

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