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3205 E Main St

$550,000

3205 E Main St, Endicott, NY 13760

Active
Last Updated: 05/07/2025

9.24

Cap Rate

50,798

NOI

Details:
Cap Rate:    9.24%
NOI:    $50,798
Building Size:    7,920 sqft
Lot Area:    0.1364 acres
Units:    9
Year Built:    1970
Floors:    3
Description:

Welcome to 3205 Main Street, a fully occupied 9-unit multifamily property located in the heart of Endicott, NY. Positioned in the desirable Maine-Endwell School District and directly on the bus line, this investment offers strong rental history and reliable cash flow. Recent upgrades include a new HVAC system and updated electrical panels. A recent engineering report confirms the rear steel staircase structure is sound, though the concrete flooring in that area is compromised and will need to be rebuilt, offering an opportunity to add value. Endicott, a historic village in Broome County and the birthplace of IBM, is experiencing steady revitalization and remains a solid market for long-term investment. This property can be purchased with 2700 North Street (Endicott) - 26 units. Both buildings are within walking distance

Discover the vibrant surroundings of the Endicott area, where a rich history meets modern convenience. Located in the heart of the Southern Tier, this dynamic community offers proximity to major employers, including IBM, BAE Systems, and Endicott Interconnect Technologies. Endicott is also known for its picturesque parks, such as Highland Park and Arnold Park, providing an idyllic setting for outdoor activities and relaxation. The area boasts a diverse array of dining options, boutique shops, and cultural attractions, creating an inviting environment for professionals and visitors alike. With its strategic location and thriving local amenities, the Endicott area presents an enticing opportunity for office building investors seeking a prime commercial real estate location.

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