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105 Madison Ave 105 Madison Ave 5 Unit Apartment Building $285,000 ($57,000/Unit) 11.79% Cap Rate Endicott, NY 13760
Investment Highlights
- 5, 1 Bed Units.
- Walking distance to Washington Avenue.
- In a Federal Opportunity Zone.
- Excellent Location.
- Recently renovated and stabilized.
Executive Summary
Offered for sale is this newly renovated and stabilized 5 Unit building in Endicott, NY. This is an excellent location to take advantage of a rapidly developing area in Endicott, NY. Endicott is the birthplace of IBM. Recently a new Battery Manufacturer and a Solar Manufacturer were announce. This area will also benefit from a recently announced $160M research and development grant. This area was named as one of the 32 Technology hubs by the Biden Administration. This is walking distance to Washington Ave and is in a Federal Opportunity Zone.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$52,656
|
$12.89
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,633
|
$0.64
|
| Effective Gross Income |
$50,023
|
$12.24
|
| Taxes |
-
|
-
|
| Operating Expenses |
$16,411
|
$4.02
|
| Total Expenses |
$16,411
|
$4.02
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $52,656 |
| Annual Per SF | $12.89 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $2,633 |
| Annual Per SF | $0.64 |
| Effective Gross Income | |
|---|---|
| Annual | $50,023 |
| Annual Per SF | $12.24 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $16,411 |
| Annual Per SF | $4.02 |
| Total Expenses | |
|---|---|
| Annual | $16,411 |
| Annual Per SF | $4.02 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $285,000 | Apartment Style | Low-Rise |
| Price Per Unit | $57,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 11.79% | Building Size | 4,086 SF |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1980 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | multi - Central Business District. | ||
| Price | $285,000 |
| Price Per Unit | $57,000 |
| Sale Type | Investment |
| Cap Rate | 11.79% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,086 SF |
| No. Stories | 3 |
| Year Built | 1980 |
| Opportunity Zone |
Yes |
| Zoning | multi - Central Business District. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | $831.50 | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 034601-157-006-0009-005-000-0000 | Improvements Assessment | $2,800 (2025) |
| Land Assessment | $1,500 (2025) | Total Assessment | $4,300 (2025) |
Property Taxes
Parcel Number
034601-157-006-0009-005-000-0000
Land Assessment
$1,500 (2025)
Improvements Assessment
$2,800 (2025)
Total Assessment
$4,300 (2025)
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