1 Mather St - Apartments FOR SALE


Binghamton, NY 13905- Westside Binghamton
$3,699,000 USD
607-621-0439
1 Mather St, Binghamton, NY for Sale
$3,699,000 USD
Apartments - FOR SALE
1/23
null | 8.51% Cap Rate

1 Mather St
Binghamton, NY 13905
Westside Binghamton


HIGHLIGHTS

  • 51 Units / 102 Beds – All two-bedroom units
  • New Roofs on Both Buildings – Approx. $160,000 in recent capital improvements
  • Prime Student Housing
  • Served by SUNY & Public Bus Lines

OVERVIEW

Located in the heart of Binghamton’s desirable West Side, this site offers an exceptional opportunity for a student housing development. Just one building off Main Street and a short walk to the Court Street Bridge, the property provides direct and convenient access to Downtown Binghamton and the West side of Binghamton. The location is serviced by both SUNY and public bus lines, making daily transportation effortless for students and residents. With a strong Walk Score of 83, the area supports a true pedestrian lifestyle, allowing easy access to West Side and Downtown restaurants, shops, and everyday amenities. The property also benefits from excellent visibility and exposure, with an average daily traffic count of approximately 12,690 vehicles. This combination of walkability, transit access, and proximity to dining, retail, and entertainment makes the location highly attractive for student housing and mixed-use residential development

FOR SALE DETAILS

PRICE

$3,699,000 USD

PRICE/SF

$69 USD /SF

# OF UNITS

54

PRICE/UNIT

$68,500

CAP RATE

8.51%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1970

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,227 SF

ZONING

Service Commercial

APN/PARCEL ID

030200-160-030-0003-025-000-0000

ASK ABOUT THIS PROPERTY

Scott WarrenSVN | Innovative Commercial AdvisorsMore Info
607-621-0439

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Scott WarrenSVN | Innovative Commercial AdvisorsMore Info
607-621-0439

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.