1606-1608 Tracy St

Investment Overview

1606–1608 Tracy Street offers 18 apartment units across two contiguous buildings in Endicott, New York. The largely occupied portfolio provides immediate in-place income with additional upside through continued unit upgrades, rent growth and operating efficiencies. Situated on approximately 0.17 acres with a combined building footprint of approximately 11,376 square feet, the properties benefited from a broader portfolio improvement program exceeding $278,000. Completed work included unit repairs, appliances, HVAC components, water heaters, flooring, interior finishes and roof improvements, reducing near-term capital requirements while preserving additional value-add potential. The property offers convenient access to Route 26, Route 434 and Interstate 86 and is near major employers, national retailers and essential services. Stable multifamily vacancy, limited new supply and continued regional investment support long-term rental demand.

Investment Highlights

• •18-unit multifamily investment across two contiguous buildings
• Largely occupied with immediate in-place income
• Recent improvements to apartment interiors and building systems
• Benefited from a broader capital-improvement program exceeding $278,000
• Upgrades include appliances, HVAC components, water heaters, flooring, interior finishes and roof work
• Reduced near-term capital requirements
• Additional upside through remaining renovations, rent growth and operating efficiencies
• Convenient access to Route 26, Route 434 and Interstate 86
• Near major employers, national retailers and essential services
• Supported by stable multifamily demand and limited new housing supply