40 & 42-46 Jackson Avenue

Located approximately 1½ blocks from Main Street, 40–46 Jackson Avenue offers convenient access to Endicott’s employment centers, shopping and transportation routes. The property is within walking distance of the Huron Campus, the former IBM complex now home to BAE Systems, Ubiquity Solar and other technology and manufacturing businesses. Nearby Washington Avenue provides additional dining, retail and everyday services. Known as the birthplace of IBM and a historic center of Endicott Johnson shoe manufacturing, Endicott continues to build on its industrial heritage. Proximity to Route 26, the Interstate 86 interchange and Vestal Parkway connects the property to employers, shopping and services throughout Greater Binghamton. This combination of walkable employment access and regional connectivity supports the property’s appeal as a multifamily investment.40–46 Jackson Avenue offers a seven-unit multifamily portfolio across three buildings in Endicott’s growing employment corridor. The offering includes four apartments in the main building at 42–46 Jackson Avenue, two apartments in a rear building, and a separate three-bedroom, 1½-bath home at 40 Jackson Avenue. The mix of apartments and a single-family residence provides flexibility in leasing and property positioning. The investment opportunity centers on improving the buildings, addressing deferred maintenance, leasing available units and bringing rents toward market levels. The supplied pro forma projects annual gross rental income of approximately $100,400 and net operating income of approximately $47,300 after a 5% vacancy and credit-loss allowance, operating expenses and replacement reserves. These projections depend on completing necessary improvements, achieving the assumed rents and establishing consistent collections. Within walking distance of the Huron Campus and approximately 1½ blocks from Main Street, the property offers convenient access to BAE Systems, area employers, Washington Avenue retail and everyday services. Nearby Route 26, Interstate 86 and Vestal Parkway provide connections throughout Greater Binghamton. Endicott’s continued investment in advanced manufacturing and its employment base support the location’s long-term rental appeal. For an investor prepared to execute a renovation and stabilization plan, the portfolio offers an opportunity to improve operating performance and build value through stronger occupancy, market rents and coordinated management.