2700 North Street

Description:

Offered for auction, 2700 North Street presents a 21,240 SF multifamily complex consisting of five interconnected buildings configured as 26 residential units. The unit mix includes one- and two-bedroom layouts, aligning with the area’s high concentration of smaller household sizes.

The asset will be delivered fully vacant, providing a clean slate for repositioning. Existing systems include a central boiler serving all units, with landlord-controlled heat distribution. Units do not currently include air conditioning, allowing new ownership to modernize mechanicals and interior finishes in line with market expectations.

This is a true value-add opportunity. The combination of vacancy, scale, and layout provides flexibility to execute a full renovation program, re-tenant at market rents, and stabilize into a cash-flowing asset. With nearly 14,000 renter-occupied households within a 5-mile radius and a tenant base heavily weighted toward one- and two-person households, the property is well aligned with local demand fundamentals.

Positioned within a corridor undergoing reinvestment and supported by strong employment drivers, 2700 North Street offers a clear path to creating a competitive multifamily asset in a supply-constrained market.


2700 North Street is positioned in Endwell, within the Town of Union, one of Broome County’s most established residential and employment corridors. The property sits directly along North Street, a primary connector between Endicott, Endwell, and Johnson City, providing consistent local traffic flow and direct access to NY-17/I-86.

The site is located near the former IBM Endicott Campus, now being redeveloped into the Huron Campus, a large-scale project expected to drive long-term economic activity and housing demand in the immediate area. Surrounding employers such as BAE Systems and Gault Chevrolet anchor a stable employment base.

The property benefits from proximity to Washington Avenue’s neighborhood commercial district, local bus routes, and a dense base of renter households throughout the Town of Union. Regional connectivity is supported by quick access to I-86, linking the asset to Binghamton, Vestal, and the broader Southern Tier.


26-unit multifamily asset across five connected buildings totaling 21,240 SF
Delivered fully vacant, enabling immediate renovation and lease-up strategy
One- and two-bedroom unit mix aligned with 70% small household demographic
Central boiler system with landlord-controlled heating infrastructure
Located near the redeveloping Huron Campus and major employers
Direct access to North Street corridor with connectivity to NY-17/I-86
Approximately 14,000 renter-occupied households within a 5-mile radius
Positioned for full value-add execution with strong rental demand fundamentals