90 Henry St
$1,595,000
90 Henry St, Binghamton, NY 13901
7,446 sqft
Building Size
0.1237 acres
Lot Area
Details:
Highlights:
- 26 Studio Apartments | $1,595,000 | Approximately $61,350 Per Unit
- • Current Income + Value-Add Upside: Established rental history with opportunities to evaluate unit upgrades, rental positioning, and operating efficiencies.
- • Invest in the Stadium District: Downtown location in a corridor targeted for public and private redevelopment.
- • Near Proposed $31M Stadium Lofts: Planned 65-unit housing development at 180 Henry Street.
- • $12M Henry Street Investment: Streetscape, pedestrian safety, utility, and lighting improvements continuing in 2027.
- • Walkable Downtown Location: Near Mirabito Stadium, restaurants, shopping, SUNY bus lines, and the Downtown Transit Center.
- • Broad Renter Appeal: Studio layouts serving students, young professionals, and workforce tenants
Description:
90 Henry Street offers 26 studio apartments for $1,595,000—approximately $61,350 per unit—in Downtown Binghamton’s emerging Stadium District. Established rental income and demonstrated tenant demand provide a foundation for investors seeking current cash flow and value-add potential through unit upgrades, operating efficiencies, and improved rental positioning. The surrounding district is targeted for significant public and private investment, including the City’s $12 million Henry Street reconstruction, continuing in 2027 with streetscape enhancements, pedestrian safety improvements, utility upgrades, and new lighting and traffic signals. Nearby, the proposed $31 million Stadium Lofts development at 180 Henry Street would add 65 affordable apartments, advancing the City’s vision for a walkable, mixed-use neighborhood surrounding Mirabito Stadium. With a studio configuration serving students, young professionals, and workforce renters, 90 Henry Street pairs an established income-producing asset with opportunities to improve property performance in a corridor positioned for long-term revitalization.
90 Henry Street places investors in the path of Downtown Binghamton’s next chapter. Anchored by Mirabito Stadium, home of the Binghamton Rumble Ponies, the Stadium District is positioned for continued investment under the City’s master plan for housing, mixed-use development, and improved walkability. The $12 million Henry Street improvement project and proposed Stadium Lofts development reinforce that momentum. Residents are within walking distance of the Downtown Transit Center, Broome County Public Library, Phelps Mansion Museum, and Court Street’s restaurants, shops, and entertainment—pairing everyday convenience with a downtown setting. For investors, the location combines established amenities with infrastructure investment and long-term redevelopment potential.
Documents:
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| NEW_STYLE_-_Offering_Memorandum__L_.pdf |
Location
Gallery
