59 Grand Ave - Apartments FOR SALE


Johnson City, NY 13790
$615,000 USD
607-621-0439
59 Grand Ave, Johnson City, NY for Sale
$615,000 USD
Apartments - FOR SALE
1/6
null | 8.2% Cap Rate

59 Grand Ave
Johnson City, NY 13790


HIGHLIGHTS

  • 8-unit multifamily investment opportunity in Johnson City, NY
  • Unit mix consists of eight one-bedroom apartments
  • Located in the heart of Johnson City’s expanding healthcare and education corridor
  • Efficient one-bedroom unit mix supports broad rental demand

OVERVIEW

Excellent opportunity to acquire an 8-unit multifamily property in the heart of Johnson City’s expanding healthcare and education corridor. The building consists of eight one-bedroom units and is ideally positioned within walking distance of the new UHS medical complex, Binghamton University’s School of Pharmacy and Pharmaceutical Sciences, and the Decker College of Nursing and Health Sciences. This location provides strong tenant appeal for healthcare professionals, university faculty, staff, graduate students, and other residents seeking convenient access to major employment and education anchors. The property benefits from Johnson City’s continued investment and redevelopment activity, while offering investors a stable residential asset in a market supported by institutional demand drivers. With its efficient unit mix, walkable location, and proximity to significant new development, 59 Grand Avenue represents a compelling multifamily investment opportunity with durable long-term rental demand.

FOR SALE DETAILS

PRICE

$615,000 USD

PRICE/SF

$115 USD /SF

# OF UNITS

8

PRICE/UNIT

$76,875

CAP RATE

8.2%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

USF

APN/PARCEL ID

034603-143-074-0001-026-000-0000

ASK ABOUT THIS PROPERTY

Scott WarrenSVN | Innovative Commercial AdvisorsMore Info
607-621-0439

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Scott WarrenSVN | Innovative Commercial AdvisorsMore Info
607-621-0439

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.