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59 Grand Ave, Johnson City, NY, 13790

8beds
8baths
5,370sqft
$625,000
$116price/sqft
$5,555/moest. monthly cost
$222,200/yrincome needed

About This Home

Excellent opportunity to acquire an 8-unit multifamily property in the heart of Johnson City’s expanding healthcare and education corridor. The building consists of eight one-bedroom units and is ideally positioned within walking distance of the new UHS medical complex, Binghamton University’s School of Pharmacy and Pharmaceutical Sciences, and the Decker College of Nursing and Health Sciences. This location provides strong tenant appeal for healthcare professionals, university faculty, staff, graduate students, and other residents seeking convenient access to major employment and education anchors. The property benefits from Johnson City’s continued investment and redevelopment activity. With its efficient unit mix, walkable location, and proximity to significant new development, 59 Grand Avenue represents a compelling multifamily investment opportunity with durable long-term rental demand.

Getting Around

76
WalkingVery Walkable
0
TransitVery Limited Transit
54
BikeBikeable

Schools

Construction

Condition

  • Year built: 1970

Materials

  • Foundation: Basement
  • Construction materials: Brick

Type & Style

  • Home type: MultiFamily
  • Architectural style: Multi-Family
  • Property subType: Multi Family,Apartment

Interior

Appliances

  • Appliances included: Gas Water Heater

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 8

Features

  • Flooring: Carpet,Hardwood,Tile
  • Finished area above ground: 5,370

Heating & Cooling

  • Heating features: Baseboard
  • Cooling features: None

Interior Area

  • Total interior livable area: 5,370 sqft

Property

Details

  • Parcel number: 03460314307400010260000000
  • Zoning: Urban Multi Family
  • Zoning description: Urban Multi Family

Lot

  • Lot size: 8,839 sqft
  • Features: Level
  • Lot size dimensions: 63 x 141

Parking

  • Total spaces: 3
  • Parking features: Carport
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Lightning
Winter Weather

FEMA Declared Disasters in Broome County and New York

Flood
Hurricane
Severe Storm
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,160$37,920
Home Insurance *$357$4,284
Property Taxes $1,151$13,812
Electricity $887$10,649
Total$5,555$66,660
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$190,457/yr
40% on housing$166,650/yr
45% on housing$148,133/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 3.4%
3.4%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -1.0%
-1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$116This listing

vs Other Active Listings

Avg $/sqft

ZIP 13790$103
Broome County$108

vs Homes Sold Last Month

Median $/sqft

ZIP 13790$113
Broome County$122

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-24Listed for sale$625,000
2025-05-12Listing removed$630,000
2024-12-05Listed for sale$630,000
2023-08-31Listing removed--
2023-05-01Pending sale$554,000
2023-03-15Contingent$554,000
2023-03-12Listed for sale$554,000
2020-07-10Listing removed$625
2020-06-24Listed for rent$625
2020-05-05Listing removed$625
2020-05-01Listed for rent$625

For Sale by Agent

AgentScott Warren
BrokerageINNOVATIVE COMMERCIAL ADVISORS

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