2 Crandall St - Apartments FOR SALE


Binghamton, NY 13905- Westside Binghamton
$2,100,000 USD
607-621-0439
2 Crandall St, Binghamton, NY for Sale
$2,100,000 USD
Apartments - FOR SALE
1/38
null | 7.43% Cap Rate

2 Crandall St
Binghamton, NY 13905
Westside Binghamton


HIGHLIGHTS

  • Fully renovated 24-unit apartment building
  • New roof with 23 years of warranty remaining
  • Elevator, updated hot water systems, in-unit and hallway sprinklers
  • Separately metered electric heat, high-speed internet, and off-street parking
  • Prime West Side location with strong tenant demand, 83 Walk Score, and direct SUNY bus access

OVERVIEW

For sale is a fully renovated, 100% occupied 24-unit apartment building on Binghamton’s West Side, offering investors immediate, stable income with minimal capital requirements. The property has undergone comprehensive upgrades, including a new roof with 23 years remaining on the warranty, modern hot water systems, hallway and in-unit sprinklers, high-speed internet, and an elevator for tenant convenience. Each unit is separately metered with electric heat, ensuring efficient operations and predictable expenses. Off-street parking and a landscaped picnic area further enhance tenant satisfaction and long-term retention. With its strong occupancy history and no immediate CAPEX needs, this building provides both security and the potential for future value growth.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$146 USD /SF

# OF UNITS

24

PRICE/UNIT

$87,500

CAP RATE

7.43%

% LEASED

100%

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 Notice.