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99 Robinson Street

$250,000

99 Robinson St, Binghamton, NY 13904

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Last Updated: 09/04/2026

4,756 sqft

Building Size

0.1798 acres

Lot Area

Details:
Building Size:    4,756 sqft
Lot Area:    0.1798 acres
Occupancy:    16%
Units:    6
Year Built:    1950
Floors:    2
Highlights:
  • Six-unit value-add opportunity built for the BRRR method or a fix and flip strategy
  • Five of six units vacant, allowing renovation on the buyer's own timeline with no tenant coordination or lost rent
  • Uniform 2-bedroom unit mix, 12 beds total, keeps renovation scope repeatable and leasing straightforward
  • Metal roof replaced within the last 5 to 7 years, so renovation dollars go directly into interior, rent-driving work
  • Walkable Eastside Binghamton location near daily-needs retail and services, with off-street parking on site
Description:

99 Robinson Street is a six-unit renovation play built for the BRRR method or a value-add fix and flip. Five of the six units are vacant, allowing renovation on the buyer's own timeline with no tenant coordination, relocation costs, or lost rent from working around occupied units. The sixth unit is occupied at below-market rent and can be turned or held through the initial phase. The uniform mix, six 2-bedroom units, 12 beds total, keeps the renovation scope repeatable, which simplifies budgeting, contractor scheduling, and post-renovation leasing. The metal roof was replaced within the last 5 to 7 years, so the major exterior capital item is already handled and renovation dollars can go entirely into interior finishes, the work that drives rent.

Current rents reflect the building's unrenovated condition, and the gap between in-place and market rent represents the value to be created, not value already priced in at acquisition. Once renovated, an investor running BRRR can refinance off the stabilized NOI, while a fix and flip investor can market the property as turnkey. The location supports either exit: a walkable Eastside Binghamton neighborhood near daily-needs retail and services, off-street parking on site, and consistent demand for 2-bedroom units that supports fast lease-up. A pro forma rent roll reflecting achievable rents once renovation is complete is included below.

99 Robinson Street sits in Binghamton's Eastside neighborhood, a walkable, established residential corridor within reach of downtown Binghamton. The immediate area is anchored by daily-needs retail and services rather than pass-through traffic, including CVS Pharmacy, an M&T Bank branch, and Guthrie's Robinson Street medical clinic, all within walking distance, which supports steady occupancy from long-term renters over short-term turnover. Off-street parking on site is a differentiator in a neighborhood where most competing product offers street parking only.

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