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361-369 Broad St 89 Unit Apartment Building $7,140,000 ($80,225/Unit) 8% Cap Rate Waverly, NY 14892
Investment Highlights
- Actual gross income $784,272
- Some properties fully renovated, others have value-add opportunity
- Reliable location driven by workforce housing demand
- NOI $571,373 including management, maintenance and vacancy and all expenses
- Fully-occupied
- Stable manufacturing and medical-based economy
Executive Summary
Stake your claim in the Penn-York Valley, a central hub of manufacturing and distribution for both New York and Pennsylvania. This bi-state community is home to multiple employment drivers including Leprino Foods, a major CVS distribution facility, Guthrie and Robert Packer Hospital, and more. This portfolio is comprised of primarily multifamily properties, but also includes mixed-use commercial, restaurants, retail spaces, and warehouse/industrial. Many units have been recently renovated, but there's plenty of value-add opportunity remaining. 59 units are directly located in Waverly, NY, and 30 more are in Apalachin, including 20 storage units. If you've been seeking a diverse and recession-resistant investment portfolio, this is one you don't want to miss.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $7,140,000 | Property Subtype | Apartment |
| Price Per Unit | $80,225 | Building Class | C |
| Sale Type | Investment | Lot Size | 13.91 AC |
| Cap Rate | 8% | Building Size | 65,432 SF |
| Gross Rent Multiplier | 9.1 | No. Stories | 3 |
| No. Units | 89 | Year Built/Renovated | 1900/2020 |
| Property Type | Multifamily | Parking Ratio | 0.03/1,000 SF |
| Zoning | 05 | ||
| Price | $7,140,000 |
| Price Per Unit | $80,225 |
| Sale Type | Investment |
| Cap Rate | 8% |
| Gross Rent Multiplier | 9.1 |
| No. Units | 89 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 13.91 AC |
| Building Size | 65,432 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1900/2020 |
| Parking Ratio | 0.03/1,000 SF |
| Zoning | 05 |
Amenities
- Smoke Detector
Unit Amenities
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Storage Space
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Crown Molding
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Wi-Fi
- Yard
- Basement
- Breakfast Nook
- Deck
- Dining Room
- Double Pane Windows
- Family Room
- Freezer
- Garden
- Island Kitchen
- Office
- Porch
Site Amenities
- Private Bathroom
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Total Assessment | $61,400 | |
| Land Assessment | $14,600 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $46,800 | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$14,600
Improvements Assessment
$46,800
Total Assessment
$61,400
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Contact the Sale Advisor
361-369 Broad St