74 Carroll St
$1,689,000
74 Carroll St, Binghamton, NY 13901
13,020 sqft
Building Size
0.57 acres
Lot Area
Details:
Highlights:
- 25-bed student housing asset leased through 2025–2026 academic year
- Mixed-use income with residential scale and commercial stability
- 8.52% cap rate supported by in-place operations
- Secure access building with controlled entry and unit-level systems
- Large parcel with dedicated off-street parking
- Unit layouts designed for student demand with multiple bathrooms
- Walkable access to downtown amenities and SUNY bus routes
- Proven rental demand within Binghamton’s core student housing market
Description:
74 Carroll Street is a fully leased, mixed-use investment property totaling approximately 13,020 SF, strategically configured to support both stable residential income and complementary commercial tenancy.
The residential component consists of five units totaling 25 student beds, with leases secured through the 2025–2026 academic year. Unit layouts are designed for student demand, featuring multiple bathrooms per unit, loft-style configurations, and modern finishes that position the property above typical local inventory.
Operational efficiency is enhanced through secure coded access at both the building and unit levels, creating a controlled environment that supports tenant quality and long-term performance.
The commercial portion provides additional income diversification, anchored by a newly executed three-year lease, reinforcing the property’s cash flow stability.
The asset sits on a larger-than-typical downtown parcel and includes off-street parking, a key differentiator in this market.
This offering combines in-place income, strong tenant demand, and operational control features, making it well suited for investors seeking durable performance in a supply-constrained student housing market.
Positioned just off Court Street, 74 Carroll Street benefits from immediate access to Downtown Binghamton’s primary demand drivers while maintaining a more controlled residential setting.
The property sits within walking distance to Binghamton University’s downtown presence, Government Plaza, and the city’s core retail, dining, and nightlife. This location consistently supports student and young professional tenancy, driven by proximity to both academic and employment centers.
Access to the SUNY bus line and public transportation provides direct connectivity to Binghamton University’s main campus, reinforcing long-term leasing stability within the student housing cycle.
Unlike many downtown assets, the property offers a dedicated off-street parking component, improving tenant retention and operational ease in a market where parking is limited.
1 Space Available
74 Carroll St, 1 Building
Available for lease is a fully built-out, 1,250 SF office space, ideal for any business looking to establish itself in the heart of Downtown Binghamton. Just one building from Court Street and boasting a walkability score of 84, this location offers convenience, visibility, and a central position within the Binghamton market.
The office features a reception area, five private offices, a storage room, a private restroom, and some off-street parking. Free street parking is available nearby, with paid parking just one block west. Benefit from the prestige of a downtown office without the usual parking challenges.
Offered at a competitive rate of $13/SF plus utilities.
Documents:
| Title | ||
|---|---|---|
| 74CarrollStCommercialUnit_617ug5diitp43dm8apht3g1yb 1.pdf | ||
| 74 Carroll St. | Offering Memorandum | 3.2026 |
Location
Gallery
