- Located in a rapidly developing area, Endicott, NY.
- High occupancy rate
- Strong income potential for investors
Description
Offered for sale is this 30 unit complex centrally located in a rapidly developing area. This is 30 units and 66 Beds in 4 buildings all adjoining each other. This is strategically located to benefit from progress in a rapidly developing area. Endicott, NY, being the birthplace of IBM and Endicott Johnson Shoes, has a long history of having a solid skilled workforce. Recent developments in the area include a new Battery Manufacturer and a new Solar manufacturer. In addition a $160M research and development grant has been announced for central NY which will also have an impact on the area. This complex is one block from main street and right around the corner from the NYS Route 26, I86 and Route 434 interchange. This is an ideal location with fast and easy Main road and Highway access.
This 30 Unit Complex is strategically located to benefit from progress in a rapidly developing area. Endicott, NY, being the birthplace of IBM and Endicott Johnson Shoes, has a long history of having a solid skilled workforce. Recent developments in the area include a new Battery Manufacturer and a new Solar manufacturer. In addition a $160M research and development grant has been announced for central NY which will also have an impact on the area. This complex is one block from main street and right around the corner from the NYS Route 26, I86 and Route 434 interchange. This is an ideal location with fast and easy Main road and Highway access.
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
