Property Description Located in the heart of Downtown Binghamton, 198 Court Street offers investors a rare opportunity to acquire an 18-unit, turn-key brick building in a prime, high-demand corridor surrounded by restaurants, shops, banks, government offices, and entertainment venues. The property features a classic façade with modern interiors, furnished units, on-site laundry, and separate gas and electric meters. The unit mix includes 18 two-bedroom apartments, all recently updated and designed for low-maintenance operation. Perfectly situated for student housing, the property is just steps from Binghamton University’s Downtown Center, the Broome County Courthouse, and popular spots like Lost Dog Café, Laveggio Coffee, and Water Street Brewing Co. The neighborhood blends walkable blocks, scenic river views along the Riverwalk and Confluence Park, and a vibrant arts scene anchored by First Friday and the LUMA Projection Arts Festival. Offering excellent visibility with over 12,000 vehicles per day, a Walk Score of 88, and public transit access (including the BU Blue Bus with stops directly outside), the property sits within Binghamton’s revitalized business and university district. Based on pro forma financials at full occupancy, the asset delivers an 10% cap rate, 1.81 DSCR, and 16% cash-on-cash return, making 198 Court Street an exceptional investment in the heart of Binghamton’s growing urban core. Location Description Prime Downtown Binghamton location surrounded by restaurants, shops, and offices. 198 Court Street offers excellent visibility with an average traffic count of over 12,000 vehicles per day and a Walk Score of 88 (highly walkable). Steps from the Broome County Courthouse, Binghamton University Downtown Center, and popular dining spots like Lost Dog Café, the property sits in a vibrant business district with strong foot traffic and public transit access, including the BU Blue Bus. With easy access to major highways and a thriving downtown workforce, this is an exceptional office, mixed-use, or investment opportunity in the heart of Binghamton’s revitalized urban core.