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257 Main St 20 Unit Apartment Building $1,789,746 CAD ($89,487 CAD/Unit) Johnson City, NY 13790
INVESTMENT HIGHLIGHTS
- Outstanding value add opportunity.
- 18 Residential Units plus 2 very large Commercial Spaces.
- Separate meters.
- A short walk to the new Pharmaceutical University in Johnson City. A walkable score of 82.
- 21,248 Square feet. Solid brick building. Each unit has it's own furnace.
EXECUTIVE SUMMARY
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.
Location Description
Strategically located near Binghamton University’s School of Pharmacy, 257 Main Street offers a rare opportunity to reposition a fully vacant 20-unit property in a rapidly growing corridor. Featuring 18 residential units (25 beds) and 2 large commercial spaces, the building is separately metered with individual furnaces per unit. Strong fundamentals, flexible layout, and proximity to student and medical demand drivers make this an ideal value-add or redevelopment play in the heart of Johnson City.
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.
Location Description
Strategically located near Binghamton University’s School of Pharmacy, 257 Main Street offers a rare opportunity to reposition a fully vacant 20-unit property in a rapidly growing corridor. Featuring 18 residential units (25 beds) and 2 large commercial spaces, the building is separately metered with individual furnaces per unit. Strong fundamentals, flexible layout, and proximity to student and medical demand drivers make this an ideal value-add or redevelopment play in the heart of Johnson City.
PROPERTY FACTS
| Price | $1,789,746 CAD | Building Class | C |
| Price Per Unit | $89,487 CAD | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 21,348 SF |
| No. Units | 20 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | UMF - Urban Single-Family District | ||
| Price | $1,789,746 CAD |
| Price Per Unit | $89,487 CAD |
| Sale Type | Investment |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 21,348 SF |
| No. Stories | 3 |
| Year Built | 1960 |
| Opportunity Zone |
Yes |
| Zoning | UMF - Urban Single-Family District |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 27 | - | - |
1 1
Walk Score®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 034603-143-057-0002-033-000-0000 | Improvements Assessment | $9,880 CAD |
| Land Assessment | $11,101 CAD | Total Assessment | $20,981 CAD |
PROPERTY TAXES
Parcel Number
034603-143-057-0002-033-000-0000
Land Assessment
$11,101 CAD
Improvements Assessment
$9,880 CAD
Total Assessment
$20,981 CAD
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257 Main St
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