42-46 Jackson

42-46 Jackson Avenue Endicott, NY 13760

42-46 Jackson Avenue, Endicott, NY, 13760
42-46 Jackson Avenue, Endicott, NY, 13760 42-46 Jackson Avenue, Endicott, NY, 13760 42-46 Jackson Avenue, Endicott, NY, 13760 42-46 Jackson Avenue, Endicott, NY, 13760 42-46 Jackson Avenue, Endicott, NY, 13760 42-46 Jackson Avenue, Endicott, NY, 13760
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$525,000
Last Verified:
Apr 29, 2024

Highlights

  • - 3,780 SF mid-rise building with 7 units
  • - Spacious and recently renovated units
  • - Strong rental income potential
  • - Updated amenities and finishes
  • - Attractive investment opportunity
  • - Federal Opportunity Zone

Description

Offered for sale is this 7 Unit complex walking distance to the Huron Campus and the IM3 Battery Manufacturer. This is ideally located to benefit from the new developments in a rapidly developing area. Endicott, NY is the birth place of IBM and Endicott Johnson Shoes. With a long history of hard working people this is area is seeing a resurgence with the announcement of a new Battery Manufacturer, a New Solar Manufacturer and a recent $160M Research and Development grant for Central NY. This building is walking distance to the development site. This is also in a Federal Opportunity Zone. This is recently renovated with many updates. This complex is 7 units in 2 buildings with 2, 3 Bed Units, 4, 1 Bed Units and 1 Studio.

This is ideally located to benefit from the new developments in a rapidly developing area. Endicott, NY is the birth place of IBM and Endicott Johnson Shoes. With a long history of hard working people this is area is seeing a resurgence with the announcement of a new Battery Manufacturer, a New Solar Manufacturer and a recent $160M Research and Development grant for Central NY. This building is walking distance to the development site. This is also in a Federal Opportunity Zone.


Year Built: 1965
Building Size: 3780sq ft
Lot Size: 0.11 acres


Documents

SVN - OM/Proposal/BOV (P)

Map of 42-46 Jackson Avenue, Endicott, NY, 13760

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What are Real Estate Incentives?

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.