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105 Madison Ave 105 Madison Ave 5 Unit Apartment Building $374,140 CAD ($74,828 CAD/Unit) 12.22% Cap Rate Endicott, NY 13760
Investment Highlights
- 5, 1 Bed Units.
- Walking distance to Washington Avenue.
- In a Federal Opportunity Zone.
- Excellent Location.
- Recently renovated and stabilized.
Executive Summary
Offered for sale is this newly renovated and stabilized 5 Unit building in Endicott, NY. This is an excellent location to take advantage of a rapidly developing area in Endicott, NY. Endicott is the birthplace of IBM. Recently a new Battery Manufacturer and a Solar Manufacturer were announce. This area will also benefit from a recently announced $160M research and development grant. This area was named as one of the 32 Technology hubs by the Biden Administration. This is walking distance to Washington Ave and is in a Federal Opportunity Zone.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$71,639
|
$17.53
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,582
|
$0.88
|
| Effective Gross Income |
$68,057
|
$16.66
|
| Taxes |
-
|
-
|
| Operating Expenses |
$22,327
|
$5.46
|
| Total Expenses |
$22,327
|
$5.46
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $71,639 |
| Annual Per SF | $17.53 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $3,582 |
| Annual Per SF | $0.88 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $68,057 |
| Annual Per SF | $16.66 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $22,327 |
| Annual Per SF | $5.46 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $22,327 |
| Annual Per SF | $5.46 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $374,140 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $74,828 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 12.22% | Building Size | 4,086 SF |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1980 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | multi - Central Business District. | ||
| Price | $374,140 CAD |
| Price Per Unit | $74,828 CAD |
| Sale Type | Investment |
| Cap Rate | 12.22% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,086 SF |
| No. Stories | 3 |
| Year Built | 1980 |
| Opportunity Zone |
Yes |
| Zoning | multi - Central Business District. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | $1,131 CAD | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 034601-157-006-0009-005-000-0000 | Improvements Assessment | $3,885 CAD (2025) |
| Land Assessment | $2,081 CAD (2025) | Total Assessment | $5,966 CAD (2025) |
Property Taxes
Parcel Number
034601-157-006-0009-005-000-0000
Land Assessment
$2,081 CAD (2025)
Improvements Assessment
$3,885 CAD (2025)
Total Assessment
$5,966 CAD (2025)
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105 Madison Ave | 105 Madison Ave
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