257 Main St
- Outstanding value add opportunity.
- A short walk to the new Pharmaceutical University in Johnson City.
- A walkable score of 82.
- 18 Residential Units plus 2 very large Commercial Spaces.
- 21,248 Square feet.
- Solid brick building.
- Each unit has it's own furnace.
- Separate meters.
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.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,100,000 |
| No. of Units: | 20 |
| Year Built: | 1960 |
| Lot Size: | 0.17 Acres |
| Opportunity Zone: | No |
| Price per unit: | $55,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 6 |
| Number of Bathrooms: | 3 |
ID: 1528724
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
2209 Philadelphia Avenue
Northern Cambria, Pennsylvania
466 RIVELY Avenue
COLLINGDALE, Pennsylvania
315-317 E BROADWAY
SALEM, New JerseyBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout