40 Court
Market Price
40 Court Street, Binghamton, NY 13903
11,929 sqft
Building Size
0.1 acres
Lot Area
Details:
Highlights:
- Fully leased for the 2026–2027 academic year, delivering immediate cash flow and near-term income certainty.
- 2-, 5-, and 6-bedroom units with private bathrooms in every bedroom, supporting premium student housing demand.
- Owner leaseback in place for the commercial office at $2,000 per month, adding stable supplemental income.
- Strong Court Street frontage in Downtown Binghamton, positioned within a high-demand, walkable rental market near transit and key demand drivers.
Description:
40 Court Street is a central downtown multifamily asset configured for high-density residential use with flexible housing layouts that appeal to student housing and group leasing markets. The building offers a mix of 2-, 5- and 6-bedroom apartments, each with their own private bathroom, spacious floor plans, large windows and in-unit amenities.
Several configurations offer multiple baths and efficient layouts that support strong cash flow potential. The property includes on-site laundry and all utilities can be structured into lease agreements to simplify operations and enhance net effective rents.
The property sits on Court Street in central downtown Binghamton, within the Court Street Historic District and proximate to retail, dining and service amenities. The downtown core provides immediate access to regional transit, pedestrian activity and civic destinations including Government Plaza and adjacent office concentrations.
The location appeals to tenants who prioritize walkability and connectivity to Binghamton University, area employers and downtown services, supporting sustained leasing performance.
Location
Gallery
