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33 and 31.5 Pine St

$905,000

33 Pine St, Binghamton, NY 13901

Active
Last Updated: 09/03/2025

8,094 sqft

Building Size

0.0893 acres

Lot Area

Details:
Building Size:    8,094 sqft
Lot Area:    0.0893 acres
Occupancy:    100%
Units:    2
Year Built:    1970
Floors:    2
Highlights:
  • 3 Income Sources. Main Building has 13 Beds, a 4 Bedroom Home leased to students and Commercial Space.
  • 100% Leased.
  • 13 Beds leased for 5 years with 5% increases.
  • Tenants pay all expenses except Insurance and Taxes.
  • Stable income with Growth potential.
Description:

This is a rare offering in the rapidly developing stadium district. One block from Mirabito stadium. 33 Pine is 13 Beds and has a permit from the City for congruent living. All beds have been leased for 5 years starting at $450/Bed with 5% annual increases. This comes with a parking lot connected to 31.5 Pine. 31.5 Pine is a leased 4 Bedroom home. 33 Pine is all newly renovated. The tenant pays all expenses except Insurance and Taxes. The Commercial space has a new 3 year lease at $1,000/M. This investment offers a high return, ease of management and long term stability and a low vacancy. Ability to bundle in 41.5 Fayette for a package deal.

Ideally situated in the rapidly developing Binghamton Stadium district. This complex is one block from Mirabito stadium. This has a very walkable score of 79 and is walking distance to public and Student transportation.

Map:
Documents:
Title
NEW_STYLE_-_Offering_Memorandum__L_.pdf
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Location
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