73 Court St - Dormitory FOR SALE


Binghamton, NY 13901- Center City
$1,090,000 USD
607-621-0439
73 Court St, Binghamton, NY for Sale
$1,090,000 USD
Dormitory - FOR SALE
1/18
null | Request Cap Rate

73 Court St
Binghamton, NY 13901
Center City


HIGHLIGHTS

  • Directly on Court St.
  • Walking Distance to the SUNY Bus lines and all of Downtown Binghamton.
  • $450,000 Green Roof.
  • Significant value add opportunity.
  • Owner financing may be available to a qualified buyer.

OVERVIEW

This expansive complex is perfectly situated in the heart of Downtown Binghamton, offering an unparalleled central location on Court Street between State and Chenango Streets—one of the most desirable areas in the city. The property benefits from significant foot and vehicle traffic, with an average daily traffic count of 7,687 and an impressive walk score of 87. It’s just a short walk to the SUNY bus lines and all the amenities Downtown Binghamton has to offer. The building features approximately 5,500 square feet of turnkey retail space, along with 13 fully equipped student beds. Additionally, there's ample room for expansion, with blueprints in place for 24 more beds. A $450,000 green roof adds to the property’s appeal, enhancing both sustainability and aesthetics. This property currently generates positive cash flow with substantial value-add potential, making it a prime investment opportunity. Financials are pro forma. 89 Court Street and 24 Centenary Street are also available to purchase as a package with 73 Court Street, creating a powerful portfolio investment opportunity. Owning all three properties offers significant advantages in terms of scale, management efficiency, and market influence within Downtown Binghamton’s growing rental market.

FOR SALE DETAILS

PRICE

$1,090,000 USD

PRICE/SF

$55 USD /SF

# OF UNITS

15

PRICE/UNIT

$72,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Income-Producing Value-Add Mixed Use Opp

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Dormitory

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

-

APN/PARCEL ID

030200-160-041-0001-021-000-0000

ASK ABOUT THIS PROPERTY

Scott WarrenSVN | Innovative Commercial AdvisorsMore Info
607-621-0439

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Scott WarrenSVN | Innovative Commercial AdvisorsMore Info
607-621-0439

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.