Log In/Sign Up
Your email has been sent.
Value-Add Multifamily Opportunity 2700 North St 26 Apartment Units Online Auction Sale Endwell, NY 13760
Matterport 3D Tours
Investment Highlights
- 2700 North Street is a 26-unit student housing complex spanning five buildings with a unit mix of 20 one-bedroom units and six two-bedroom units.
- Delivered vacant with significant upside via CapEx renovation investments, bringing untapped potential to the site with strong renter demand.
- Binghamton University has a dorm capacity of about 7,600 beds, leaving the balance of 16,800+ full-time students searching for housing off-campus.
- Approximately 6 miles from the University of Binghamton in Endicott, off Main Street and Washington Avenue, the city’s commercial corridors.
- Broome County transit serves multiple routes throughout the city and neighboring cities, with a stop within walking distance of the subject property.
- Tenants have convenient access to Town Square Mall, the Shoppes at Vestal, Parkway Plaza, and the Price Chopper Center for dining and retail.
Executive Summary
Discover the endless potential of 2700 North Street in Endwell, New York, a prime commercial property located in a community experiencing exciting revitalization and growth.
2700 North Street totals 21,240 square feet across five connected buildings, offering 26 units in one- and two-bedroom sizes. The opportunity will be delivered vacant to the market, ready for an investor to undertake significant renovations and unlock its potential. There isn’t any A/C in the units currently, so new ownership or tenants would need to install window units if desired. Additionally, the property’s temperature is managed by a single central boiler, which is controlled directly by the landlord and management. Student housing and general rental demand are prevalent in Broome County, as evidenced by nearly 14,000 renter-occupied households within a 5-mile radius.
Positioned just steps away from the site of the former IBM building, which is currently being taken down to make way for new development, this location offers a unique opportunity to be part of the next chapter in Endicott’s evolution. The area is surrounded by key employers and established businesses, including Gault Chevrolet, the innovative Huron Campus, and BAE Systems, making it a hub of professional activity and economic momentum. With easy access to major routes and public transportation, including a nearby bus line, 2700 North Street offers both visibility and convenience for clients, employees, and customers. Just minutes from the walkable Washington Avenue district and close to local dining, shops, and parks, this location combines business potential with community charm, making it an ideal setting for office space, a startup, or a long-term investment.
According to CoStar demographics of the subject’s 5-mile realm, the average household income exceeds $87,600, and more than $1 billion is generated annually in consumer spending power. 70% of households are one- or two-person households, aligning with the subject’s capabilities. Household spending exceeds $162 million, with housing costs and equipment/furniture subsets totaling $78,719,297.
2700 North Street offers a rare opportunity with a high upside-to-rental-demand ratio, making it a one-of-a-kind investment asset in the Binghamton multifamily market.
Property tours are by appointment only. Please contact the listing broker to schedule.
2700 North Street totals 21,240 square feet across five connected buildings, offering 26 units in one- and two-bedroom sizes. The opportunity will be delivered vacant to the market, ready for an investor to undertake significant renovations and unlock its potential. There isn’t any A/C in the units currently, so new ownership or tenants would need to install window units if desired. Additionally, the property’s temperature is managed by a single central boiler, which is controlled directly by the landlord and management. Student housing and general rental demand are prevalent in Broome County, as evidenced by nearly 14,000 renter-occupied households within a 5-mile radius.
Positioned just steps away from the site of the former IBM building, which is currently being taken down to make way for new development, this location offers a unique opportunity to be part of the next chapter in Endicott’s evolution. The area is surrounded by key employers and established businesses, including Gault Chevrolet, the innovative Huron Campus, and BAE Systems, making it a hub of professional activity and economic momentum. With easy access to major routes and public transportation, including a nearby bus line, 2700 North Street offers both visibility and convenience for clients, employees, and customers. Just minutes from the walkable Washington Avenue district and close to local dining, shops, and parks, this location combines business potential with community charm, making it an ideal setting for office space, a startup, or a long-term investment.
According to CoStar demographics of the subject’s 5-mile realm, the average household income exceeds $87,600, and more than $1 billion is generated annually in consumer spending power. 70% of households are one- or two-person households, aligning with the subject’s capabilities. Household spending exceeds $162 million, with housing costs and equipment/furniture subsets totaling $78,719,297.
2700 North Street offers a rare opportunity with a high upside-to-rental-demand ratio, making it a one-of-a-kind investment asset in the Binghamton multifamily market.
Property tours are by appointment only. Please contact the listing broker to schedule.
Matterport 3D Tours
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
Market Analytics Click Here to Access
Property Facts
| Sale Type | Investment | Building Class | B |
| Sale Condition | Auction Sale | Lot Size | 0.91 AC |
| Type of Ownership | Fee Simple | Building Size | 21,240 SF |
| No. Units | 26 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1975 |
| Apartment Style | Low-Rise | Parcel Number | 034689-157-008-0002-005-000-0000 |
| Zoning | SM-F - Single-Family Residential Zone | ||
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.91 AC |
| Building Size | 21,240 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built | 1975 |
| Zoning | SM-F - Single-Family Residential Zone |
| Parcel Number | 034689-157-008-0002-005-000-0000 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Controlled Access
- Smoke Free
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Sale Advisors
Sale Advisors
James Lucenti, Licensed Real Estate Salesperson
James Lucenti is a licensed real estate salesperson with SVN® Innovative Commercial Advisors, specializing in commercial real estate. With a Masters in School Psychology from Buffalo University and an additional Masters in School Administration, James brings a wealth of knowledge and a strong educational background to his real estate career. With an impressive 24 years of experience in education, he has demonstrated dedication and expertise in helping others achieve their goals.
Prior to his career in commercial real estate, James spent 6 years in residential real estate, gaining valuable experience and insight into the intricacies of the real estate market. Originally from Fairport, NY, he has called the Binghamton area home since 2004. James is a devoted father with two children, and he also has a personal investment in the real estate market, owning a multi-family property in Endwell.
With over six years of experience in residential real estate, James has developed a keen understanding of the industry's dynamics, market trends, and the nuances that can significantly impact property transactions. His hands-on experience, coupled with his educational background, equips him with a unique skill set that benefits his clients in commercial real estate endeavors.
Effective communication is a cornerstone of James's approach, and he actively listens to your unique needs and goals. When you work with James, you benefit from his extensive educational background, years of experience in real estate, and his deep connection to the Binghamton community. His commitment to your success and loyalty to your interests set him apart as a trusted partner in the commercial real estate industry.
Prior to his career in commercial real estate, James spent 6 years in residential real estate, gaining valuable experience and insight into the intricacies of the real estate market. Originally from Fairport, NY, he has called the Binghamton area home since 2004. James is a devoted father with two children, and he also has a personal investment in the real estate market, owning a multi-family property in Endwell.
With over six years of experience in residential real estate, James has developed a keen understanding of the industry's dynamics, market trends, and the nuances that can significantly impact property transactions. His hands-on experience, coupled with his educational background, equips him with a unique skill set that benefits his clients in commercial real estate endeavors.
Effective communication is a cornerstone of James's approach, and he actively listens to your unique needs and goals. When you work with James, you benefit from his extensive educational background, years of experience in real estate, and his deep connection to the Binghamton community. His commitment to your success and loyalty to your interests set him apart as a trusted partner in the commercial real estate industry.
Scott Warren, CCIM, CRE Team Lic. RE Salesperson, Member NYSCAR
Scott has had a great career in sales and marketing. Scott began a financial services career in 1986. After several years as an agent, field manager, and district manager, he began as a regional sales director for Columbian Mutual Life Insurance Company. He started with the territory of upstate NY and eventually was in charge of the entire Northeast. He then, at a young age, moved into a Corporate Executive position and prior to leaving the company in 2005 was the Second Vice President of Agency Development, handling all home office management for three sales divisions and approximately 16,000 agents. Much of the growth of Columbian Life Insurance Company can be attributed to Scott’s sales and marketing efforts. Scott then began an independent marketing organization, Niche Market Insurers. With the help and much credit going to his two partners, Scott built an independent marketing organization from scratch to one with a nationwide footprint of 7,000 agents and over $5 million dollars a year in new annual premium. This gave Scott a very solid foundation for Investment analysis as well as in sales and marketing. Scott sold his share of the marketing organization to fully involve himself in the commercial real estate field. Starting his career with Pyramid Brokerage Company/Cushman and Wakefield in a very short time Scott made an immediate impact in the Binghamton Market. Scott has been involved in the sale of commercial buildings, a number of investment-based sales, redevelopment projects, and most notably the sale of the Grand Royal Hotel in Downtown Binghamton. Scott currently represents some of the area’s largest investors and developers. Scott has earned certificates through the CCIM Institute in foundations in commercial real estate, financial analysis, reliable valuations, 1031 exchange, and negotiations. Scott is also currently enrolled in and working towards a certificate in commercial real estate from the prestigious Cornell University’s SC Johnson School of business.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
Read More
Auction Contact
Marlo Lashley
Contact
Auctioneer License:
Ten-X, Inc. Vibhav Kapila RE Brkr 10991231490
1 of 29
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
Presented by
Value-Add Multifamily Opportunity | 2700 North St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Presented by
Value-Add Multifamily Opportunity | 2700 North St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.