Downtown Binghamton Portfolio
$2,699,000
89 Court Street, Binghamton, NY 13901
17
Units
Details:
Description:
The Downtown Binghamton Portfolio features three high-potential properties: 89 Court Street, 73 Court Street, and 24 Centenary Street. Located in the heart of Downtown Binghamton, this package combines prime locations, strong rental income, and value-add opportunities in a growing market.
89 Court Street sits prominently at the Chenango Street Roundabout, offering high visibility with an average daily traffic count of 8,110. This historic building includes pre-approved plans to convert the top three floors into 9 residential units with 18 beds, ideal for tapping into Binghamton’s robust demand for student and urban housing.
73 Court Street is a centrally located property on highly sought-after Court Street, benefiting from heavy foot traffic and a walk score of 87. It includes 5,500 square feet of versatile retail space and 13 existing student beds, with plans approved for 24 additional beds. A $450,000 green roof adds to the property’s long-term value.
24 Centenary Street, located steps from Court Street near the Koffman Southern Tier Incubator, offers 11 residential units (one 2-bedroom and ten 1-bedroom) in a prime location with easy access to SUNY bus lines and downtown amenities. Strong rental history and consistent demand make it a turnkey opportunity for student housing investors.
Purchasing these properties as a portfolio delivers scale, operational efficiency, and significant influence within Downtown Binghamton’s growing rental market. This is a rare opportunity to secure high-performing assets in a vibrant urban center.
Located in the heart of Downtown Binghamton, 89 Court Street, 73 Court Street, and 24 Centenary Street offer unmatched convenience and visibility. These properties are steps from the Chenango Street Roundabout, the Koffman Southern Tier Incubator, and key landmarks like the Courthouse and City Hall. With impressive walk scores (up to 87), high daily traffic counts, and proximity to SUNY bus lines, restaurants, shops, and entertainment, this portfolio is perfectly positioned to capitalize on Downtown Binghamton’s vibrant urban and student housing markets.
Prime Downtown Locations
Unmatched Visibility
Strong Investment Potential
Value-Add Opportunities
Documents:
| Title | ||
|---|---|---|
| 24 Centenary OM | ||
| 73 Court OM | ||
| 89 Court OM |
Location
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