257 Main

Highlights:

• Outstanding value add opportunity.
• A short walk to the new Pharmaceutical University in Johnson City.
• A walkable score of 82.
• 18 Residential Units plus 2 very large Commercial Spaces.
• 21,248 Square feet.
• Solid brick building.
• Each unit has it's own furnace.
• Separate meters.

Description:

Excellent value-add opportunity in the heart of Johnson City’s revitalization. Located at the corner of Main Street and Avenue D, just steps from Binghamton University's Health Sciences Campus, this mixed-use building includes 18 residential units and 2 large street-level commercial spaces. With a total of 25 beds across a mix of studio, 1-, 2-, and 3-bedroom units, each apartment is separately metered and features individual furnaces. The landlord covers water heaters and common area utilities. Ideal for redevelopment, the property sits within an Opportunity Zone and may qualify for Restore NY grant funding. A strategic location with strong long-term upside.
FINANCIALS QUOTED ARE PRO FORMA AND ARE AN ESTIMATE BASED ON MARKET RENTS POST RENOVATION.

Strategically located near Binghamton University’s School of Pharmacy, 257 Main Street offers a rare opportunity to reposition a fully vacant 20-unit property in a rapidly growing corridor. Featuring 18 residential units (25 beds) and 2 large commercial spaces, the building is separately metered with individual furnaces per unit. Strong fundamentals, flexible layout, and proximity to student and medical demand drivers make this an ideal value-add or redevelopment play in the heart of Johnson City.

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