41 1/2 Fayette
$450,000
41 1/2 Fayette Street, Binghamton, NY 13901
3,128 sqft
Building Size
0.05 acres
Lot Area
Details:
Highlights:
- Fully leased, turn-key operation — no downtime, no vacancy exposure.
- Modern finishes & recent updates — upgraded interiors reduce capital expense risk.
- Prime downtown / university location — steps from Court Street, transit, hospitals and SUNY Broome.
- Stable cash flow — low operating costs, steady demand from students and professionals.
Description:
Well-kept and fully leased four-unit in Downtown Binghamton. The property totals 3,128 SF on a 0.05-acre lot and is configured as one 2-bedroom and three 3-bedroom apartments with modern finishes. Positioned just off Court Street, residents are within a short walk of restaurants, Government Plaza, the BU Downtown Center, and SUNY Broome bus lines, with quick access to UHS and Lourdes medical campuses. This location supports consistent tenancy from students and young professionals and has historically low vacancy. A straightforward, stabilized asset for buyers seeking durable cash flow in a supply-constrained downtown rental market.
Located just a few blocks from Downtown Binghamton’s central business district, 41 ½ Fayette Street offers convenient access to shopping, dining, and public transportation. This walkable neighborhood sits near Court Street and the Chenango River, placing residents minutes from SUNY Broome bus lines, Government Plaza, and major employers. The property benefits from proximity to Binghamton University’s downtown campus, local parks, and key amenities including UHS and Lourdes Hospital systems. With easy connections to Route 434 and I-86, this location provides both city living and regional connectivity.
Documents:
| Title | ||
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| Offering_Memorandum.pdf |
Location
Gallery
