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123 Park Ave.

$650,000

123 Park Avenue, Binghamton, NY 13903

Active
Last Updated: 03/25/2025

9.66

Cap Rate

10,000 sqft

Building Size

Details:
Cap Rate:    9.66%
Building Size:    10,000 sqft
Lot Area:    0.2 acres
Units:    12
Year Built:    1950
Zoning:    Residential Multi Unit Dwelling
Floors:    3
Description:

Offered for sale is this 12 Unit building in a prime location in Binghamton's South Side. Directly on Park Ave. Right around the corner from 5 and 7 maria Manor and would make an excellent package to consolidate management. In close proximity to Binghamton General Hospital. Approximately 1 mile from Downtown Binghamton. Central location with fast and easy access to Vestal Ave. NYS Route 434 and the Brandywine highway interchange. Convenient access to local dining, shopping, and entertainment options enhances the overall quality of life for potential tenants. This area enjoys a strong rental demand. This is 12 units with 13 Beds. This is in close proximity to Binghamton General Hospital. Separate meters and off street parking. Each unit has a separate furnace and the building is fully sprinklered. The public bus line runs in front of the building.


Excellent Southside location. Right around the corner from 5 and 7 maria Manor and would make an excellent package to consolidate management. Directly on Park Ave. In close proximity to Binghamton General Hospital. Approximately 1 mile from Downtown Binghamton. Central location with fast and easy access to Vestal Ave. NYS Route 434 and the Brandywine highway interchange. Convenient access to local dining, shopping, and entertainment options enhances the overall quality of life for potential tenants. This area enjoys a strong rental demand. 


- 10,000 SF Mid-Rise Multifamily Building
- 12 Units for Rental Income Potential
- Zoned Residential Multi Unit Dwelling
- Prime Location in Binghamton MSA
- Proximity to Public Transportation
- On-Site Parking for Residents

Map:
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