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7 Avenue D 8,700 SF 100% Leased Retail Building Johnson City, NY 13790 $595,000 ($68.39/SF) 10.50% Cap Rate
Investment Highlights
- Fully renovated units with modern upgrades completed over the last three years.
- Low operating expenses supported by updated electrical and mechanical systems.
- Located in Johnson City with convenient access to local amenities and services.
- Equipped with ductless split heating and cooling systems for energy efficiency.
- Brick exterior for long-term durability and reduced structural upkeep.
- Includes full basement foundation providing additional utility and storage space.
Executive Summary
This six-unit apartment building offers a compelling opportunity for investors seeking steady income and minimal maintenance obligations. Recently renovated over the past three years, each apartment features modernized interiors and efficient ductless heating and cooling systems. Fully updated electrical and mechanical systems help reduce long-term operating costs. The property’s brick construction and full basement foundation ensure durability, while the public water and sewer connections ease management.
Situated in Johnson City, the asset benefits from convenient access to major routes and local amenities, creating lasting tenant demand. With all units currently configured as income-generating apartments, this is a turn-key solution for investors looking for consistent cash flow and a respectable capitalization rate. One unit is available for showing immediately, making it suitable for owner-occupancy or leasing flexibility.
Situated in Johnson City, the asset benefits from convenient access to major routes and local amenities, creating lasting tenant demand. With all units currently configured as income-generating apartments, this is a turn-key solution for investors looking for consistent cash flow and a respectable capitalization rate. One unit is available for showing immediately, making it suitable for owner-occupancy or leasing flexibility.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
8,700 SF
Building Class
C
Year Built
1960
Price
$595,000
Price Per SF
$68.39
Cap Rate
10.50%
NOI
$62,475
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.38
Lot Size
0.08 AC
Opportunity Zone
Yes
Zoning
OSD
Parking
2 Spaces (0.23 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Skylights
- Air Conditioning
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 034603-143-057-0002-020-000-0000 | Improvements Assessment | $5,300 |
| Land Assessment | $2,800 | Total Assessment | $8,100 |
Property Taxes
Parcel Number
034603-143-057-0002-020-000-0000
Land Assessment
$2,800
Improvements Assessment
$5,300
Total Assessment
$8,100
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7 Avenue D
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