2 Crandall St - Apartments FOR SALE


Binghamton, NY 13905- Westside Binghamton
$1,999,000 USD
607-621-0439
2 Crandall St, Binghamton, NY for Sale
$1,999,000 USD
Apartments - FOR SALE
1/33
null | Request Cap Rate

2 Crandall St
Binghamton, NY 13905
Westside Binghamton


HIGHLIGHTS

  • Fully renovated building. Roof updated 2 years ago with 23 years left on the warranty
  • Elevator. Fully Sprinklered
  • Electric Heat with Electric separately metered
  • Coin Op Laundry
  • Off Street Parking
  • 100% Occupied

OVERVIEW

For sale is a fully renovated, 100% occupied 24-unit apartment building in Binghamton’s West Side. Located at the intersection of Main and Crandall Street, the property offers excellent visibility, a daily traffic count of 12,690, a Walk Score of 83, and direct access to public and SUNY bus lines. Recent upgrades include a new roof (23-year warranty), elevator, separate electric meters, electric heat, high-speed internet, updated hot water heaters, full sprinkler system, off-street parking, and a tenant picnic area. With rents currently below Fair Market Rate, this asset delivers strong cash flow with clear value-add potential and no immediate CAPEX needed. Located at the intersection of Main and Crandall Street in Binghamton’s vibrant West Side, this property benefits from exceptional accessibility and visibility. Just steps from Main Street—where traffic counts average 12,690 vehicles daily—the site enjoys a high Walk Score of 83, indicating a very walkable neighborhood. It's situated directly on both the public and SUNY bus lines, making it highly convenient for residents, students, and professionals alike. Surrounded by restaurants, retail, and essential services, this location offers seamless access to the best of Binghamton's West Side amenities.

FOR SALE DETAILS

PRICE

$1,999,000 USD

PRICE/SF

$139 USD /SF

# OF UNITS

24

PRICE/UNIT

$83,292

CAP RATE

Request Cap Rate

% LEASED

71%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Crandall Hall Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1964

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

Commercial

APN/PARCEL ID

030200-160-030-0002-023-000-0000

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 Policy.