Log In/Sign Up
Your email has been sent.
257 Main St 20 Unit Apartment Building $1,345,000 ($67,250/Unit) Johnson City, NY 13790
INVESTMENT HIGHLIGHTS
- Outstanding value add opportunity.
- 18 Residential Units plus 2 very large Commercial Spaces.
- Separate meters.
- A short walk to the new Pharmaceutical University in Johnson City. A walkable score of 82.
- 21,248 Square feet. Solid brick building. Each unit has it's own furnace.
EXECUTIVE SUMMARY
Property 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.
Location Description
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.
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.
Location Description
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.
PROPERTY FACTS
| Price | $1,345,000 | Building Class | C |
| Price Per Unit | $67,250 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 21,348 SF |
| No. Units | 20 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | UMF - Urban Single-Family District | ||
| Price | $1,345,000 |
| Price Per Unit | $67,250 |
| Sale Type | Investment |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 21,348 SF |
| No. Stories | 3 |
| Year Built | 1960 |
| Opportunity Zone |
Yes |
| Zoning | UMF - Urban Single-Family District |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 27 | - | - |
1 1
Walk Score®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 034603-143-057-0002-033-000-0000 | Improvements Assessment | $7,120 |
| Land Assessment | $8,000 | Total Assessment | $15,120 |
PROPERTY TAXES
Parcel Number
034603-143-057-0002-033-000-0000
Land Assessment
$8,000
Improvements Assessment
$7,120
Total Assessment
$15,120
1 of 7
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
257 Main St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.