Skye View Heights 55+ Development 2 Multifamily Properties Offered at $12,499,900 in Multiple Locations

INVESTMENT HIGHLIGHTS

  • 54 units for 55+ independent living
  • 100% occupancy with waiting list
  • Turnkey investment with rent-improvement potential
  • Convenient location close to shopping, restaurants and medical care
  • Beautiful low-maintenance units

EXECUTIVE SUMMARY

Discover this premier development in Endicott, an unrivaled investment opportunity in Broome County. Featuring 54 units of 55+ housing, Skye View Heights is ready for new owners. Invest now in this growing asset class; the need for adult independent living will only continue to rise. These communities have very low vacancy rates nationwide, and Skye View Heights is no exception. Pristine units boast renovated interior spaces, modern kitchens and baths, laundry, private garages, fireplaces, patios, spacious bedrooms and more. A stable clientele call these buildings home, and owners report no evictions, but rather have a waiting list for occupants. Between the current performance, ability to increase income, and additional development parcels available, this one is a home run.

PROPERTY FACTS

Price $12,499,900
Price / SF $418.06 / SF
Cap Rate 6.31%
Sale Type Investment
Status Active
Number of Properties 1
Individually For Sale 0
Total Building Size 29,900 SF
Total Land Area 12.81 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
Multifamily 29,900 SF 2012 -
Skye View Heights
525 Franklin St, Endicott, NY 13760
Multifamily 29,900 SF 2012 -
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  • Listing ID: 35070167

  • Date on Market: 3/8/2025

  • Last Updated:

  • Address: Skye View Heights 55+ Development, Endicott, NY