90 Henry St
Market Price
90 Henry St, Binghamton, NY 13901
7,446 sqft
Building Size
0.1237 acres
Lot Area
Details:
Highlights:
- Strong cash-flow upside: 26 studio apartments with 92% occupancy and applications coming in.
- Prime Stadium District location: Desirable Commercial zoning in a top rental corridor for BU students, surrounded by restaurants, shops, banks, and entertainment venues amid ongoing reinvestment and redevelopment.
- Efficient, well-maintained asset: Secure building with one central boiler for ease of maintenance, a value opportunity in a high-demand market.
Description:
Offered for auction, this 26-unit studio apartment building presents an exceptional investment opportunity in Binghamton's emerging Stadium District, a key redevelopment corridor targeted for continued public and private investment. The property has solid renatal history, providing strong in-place cash flow and demonstrated tenant demand. Ideally located within walking distance of SUNY bus lines and the Downtown Binghamton Transit Center, the property attracts a diverse tenant base including Binghamton University students, young professionals, and workforce renters. Residents benefit from convenient access to downtown amenities including restaurants, retail, banking, and entertainment venues. With stable occupancy, strong rental demand, operational simplicity, and long-term redevelopment potential, this asset offers investors an attractive combination of current cash flow, value-add upside, and appreciation potential in one of Binghamton's most active rental markets.
Located in the heart of downtown Binghamton, 90 Henry Street sits within a dynamic, walkable corridor surrounded by a mix of residential, student housing, and commercial uses. The property is positioned near the Stadium District and downtown core, offering convenient access to restaurants, coffee shops, entertainment venues, and professional services. It benefits from strong proximity to Binghamton University amenities, public transportation, and major arterial roads, making it easily accessible for residents, tenants, or patrons. The surrounding area has seen continued reinvestment and redevelopment, contributing to a growing demand for housing and mixed-use opportunities and making this location well-suited for residential, commercial, or redevelopment potential.
Location
Gallery
