1104 Monroe Ave.

1104 Monroe St Endicott, NY 13760

1104 Monroe St, Endicott, NY, 13760
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$309,000
Last Verified:
Mar 10, 2025

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Highlights

  • Located in a Federal Opportunity Zone.
  • Features 4 one-bedroom units, 1 two-bedroom unit, and 1 four-bedroom unit for diverse rental income.
  • Positioned in a rapidly developing area with new Battery and Solar Manufacturers driving growth.
  • Walking distance to Washington Avenue, BAE Systems, the Huron Campus, and IM3.

Description

This well-located 6-unit property is now available for sale in the heart of Endicott, NY, known as the birthplace of IBM and Endicott Johnson Shoes. Situated in a rapidly developing area, fueled by the arrival of a new Battery Manufacturer and Solar Manufacturer, the property is positioned to benefit from significant local growth. Centrally located and within walking distance to Washington Avenue, BAE Systems, the Huron Campus, and IM3, it offers both convenience and strong investment potential. Located in a Federal Opportunity Zone, the building includes 4 one-bedroom units, 1 two-bedroom unit, and 1 four-bedroom unit, offering excellent cash flow opportunities.

Endicott, NY, the birthplace of IBM and Endicott Johnson Shoes, is experiencing significant growth with the arrival of a new Battery Manufacturer and Solar Manufacturer, both expected to bring a wave of new jobs to the area. This property is perfectly positioned to take advantage of the area's rapid expansion, located within walking distance to Washington Avenue, BAE Systems, IM3, and the Huron Campus. Centrally located in the Endicott market, the property has a walkability score of 84 and is situated in a Federal Opportunity Zone, making it an outstanding investment opportunity in this growing community.


Year Built: 1960
Building Size: 4852sq ft
Lot Size: 0.23 acres


Documents

SVN - OM/Proposal/BOV (P)

Map of 1104 Monroe St, Endicott, NY, 13760

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.