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SPG Downtown Core Portfolio

Market Price

SPG Downtown Core Portfolio, Binghamton, NY 13901

Active
Last Updated: 10/10/2025

104,030 sqft

Building Size

54

Units

Details:
Building Size:    104,030 sqft
Units:    54
Highlights:
  • Prime Downtown Cluster – Five properties positioned in Binghamton’s central business district, surrounded by restaurants, entertainment, and retail.
  • Proximity to Major Drivers – Steps from Binghamton University’s downtown campus, Government Plaza, and Mirabito Stadium.
  • High Walkability & Transit Access – Located within walking distance of the SUNY bus line, public transportation, and key city amenities.
  • Flexible Zoning – R3 and Commercial designations support continued student housing use or mixed-use redevelopment.
  • Stable Income & Growth Potential – Proven occupancy, strong rental performance, and long-term appreciation supported by university and medical sector expansion.
Description:

The SPG Downtown Core Portfolio consists of 5 properties strategically positioned in the heart of Downtown Binghamton, including 215 State Street, 123 Court Street, 221 Washington Street, 60 Henry Street, and 40 Court Street. Together, these assets represent a high-density cluster of student housing and mixed-use buildings located within one of Binghamton’s most active rental markets.

Each property benefits from proximity to Binghamton University’s downtown campus, Government Plaza, Mirabito Stadium, and the city’s growing retail and restaurant scene. All sites are within walking distance of the SUNY bus line and public transportation, ensuring strong accessibility and sustained tenant demand.

Zoned R3 or Commercial, the properties provide operational flexibility for continued student housing use or mixed-use repositioning. With consistent occupancy, proven rent growth, and a central downtown footprint, the SPG Downtown Core Portfolio offers investors a strong in-place income stream with long-term appreciation potential supported by Binghamton’s expanding university and medical sectors.

Situated in the heart of Downtown Binghamton, the SPG Downtown Core Portfolio benefits from direct access to the city’s strongest demand drivers. The properties are surrounded by a vibrant mix of restaurants, entertainment venues, retail, and services that cater to both students and professionals. The location places residents within walking distance of Binghamton University’s downtown campus, SUNY Broome bus lines, Government Plaza, and major employers such as UHS and Lourdes Hospital.

Downtown Binghamton continues to experience steady revitalization, fueled by university expansion, private investment, and ongoing redevelopment of historic buildings into modern housing and commercial spaces. With close proximity to major roadways including Route 434, I-81, and I-86, the area offers seamless regional connectivity while maintaining a true urban lifestyle. The Downtown Core remains one of the most walkable and high-demand neighborhoods in the city, ensuring long-term appeal for residents and investors alike.

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