408-410 Roosevelt Ave

Investment Overview

This 12-unit multifamily investment includes two contiguous buildings at 408–410 Roosevelt Avenue in Endicott, New York. The largely occupied portfolio provides immediate in-place income with additional upside through continued unit upgrades and rent growth. The properties have recently received substantial improvements to apartment interiors and common areas. They were also part of a larger portfolio that underwent more than $278,000 in capital improvements, including appliances, HVAC components, water heaters, flooring, interior finishes and roof work. These upgrades reduce near-term capital requirements while remaining improvements provide a clear path to increased revenue. Located near Route 26, Route 434 and Interstate 86, the property offers convenient access to BAE Systems, the Huron Campus, UHS facilities, major retailers and area amenities. Stable multifamily vacancy, limited new supply and continued investment in Endicott support sustained rental demand and long-term asset performance.

Investment Highlights

• • 12-unit multifamily investment across two contiguous buildings
• Largely occupied with immediate in-place income
• Recent improvements to apartment interiors and common areas
• 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
• Approximately 0.39 acres with convenient access to Route 26, Route 434 and Interstate 86
• Near BAE Systems, the Huron Campus, UHS facilities, shopping, dining and essential services
• Supported by stable multifamily fundamentals and limited new housing supply
• Well-positioned investment offering current cash flow and long-term value-add potential