- For Sale $1,599,000
- Property Type Multi-Family
- Property Size 86,867 SF
- Units 128
- Lot Size 5.06 Acre
- Date Updated Jun 10, 2025
Reach out to the broker for more info on lease terms and amenities
Highlights
- Approved for 128 senior housing units
- Estimated Market Value: $40.4M (post-renovation)
- Excellent Accessibility: Near I-86, I-81, and State Route 434
- Expedited Development: 18-month completion timeline
- High-Yield Metrics: 151.65% cap rate | 10.10% Year 1 CoC return (post-renovation)
- Low cost basis: $12,492 per unit | $18/SF
- Projected NOI: $2.42M (post-renovation)
- Strong Market: Household incomes 44% above Broome County average
- Visible Location: Seen from Route 26 Bridge with 15-min access to entire Binghamton MSA
False
Contacts
Location
Getting Around
-
Walk Score ®
6/100 Car-Dependent
-
Bike Score ®
35/100 Somewhat Bikeable
- City Vestal, NY
- Zip Code 13850
Points of Interest
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Speedway
0.62 miles
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Sunoco
1.20 miles
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Bryne Dairy
1.32 miles
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Kwik Fill
1.33 miles
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Manley's Mighty Mart
1.37 miles
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Citgo
1.94 miles
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Mirabito
1.98 miles
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Tesla Supercharger
7.83 miles
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Vestal Rail Trail
0.84 miles
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Lot ZZ North
3.02 miles
-
Lot ZZ South
3.06 miles
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Lot Z
3.15 miles
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Lot M4
3.24 miles
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Lot I
3.26 miles
-
Lot M3
3.27 miles
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Lot H
3.29 miles
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Lot X
3.30 miles
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North Street Motor Lodge
0.83 miles
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Endwell Motel
1.15 miles
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Comfort Suites
2.36 miles
-
Tru by Hilton Vestal
2.61 miles
-
Homewood Suites
2.66 miles
-
Candlewood Suites
2.72 miles
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Holiday Inn Express & Suites
2.72 miles
-
Hampton Inn & Suites Binghamton/Vestal
2.87 miles
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Traditions Hotel & Spa
2.89 miles
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Courtyard
2.98 miles
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California Grill
0.30 miles
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Olive Garden
0.40 miles
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Red Lobster
0.47 miles
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Lemongrass Kitchen
0.58 miles
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Wendy's
0.59 miles
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Empanada Stand
0.60 miles
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Arashiyama
0.61 miles
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Skylark Diner
0.66 miles
-
Subway
0.76 miles
-
Pantheon
0.79 miles
-
Union-Endicott High School
0.57 miles
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Broad Street School
0.63 miles
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Henry B Endicott Public School
0.75 miles
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Jennie F Snapp Middle School
1.25 miles
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George W Johnson School
1.31 miles
-
Vestal Middle School
1.33 miles
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Saint Anthonys School
1.44 miles
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George F Johnson School
2.02 miles
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Brink School
2.03 miles
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Glenwood School
2.12 miles
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Tutor Time
0.35 miles
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First Presbyerian Nursery School
0.70 miles
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ABC Child Care & Learning Center
2.03 miles
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Lourdes Childcare Center
5.10 miles
Frequently Asked Questions
The space currently listed for sale at 860 Vestal Rd. asks for $1,599,000.
860 Vestal Rd. totals 86,867 square feet.
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