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
1/38
null | 8.14% Cap Rate

2 Crandall St
Binghamton, NY 13905
Westside Binghamton


HIGHLIGHTS

  • Fully renovated 24-unit multifamily property
  • 100% occupied with immediate, stabilized cash flow
  • Strong historical occupancy and tenant retention

OVERVIEW

Offered for sale is a fully renovated, 100% occupied 24-unit apartment building located on Binghamton’s desirable West Side. The property provides investors with immediate, stabilized cash flow supported by a strong occupancy history and limited near-term capital requirements. Comprehensive improvements include a newer roof with approximately 23 years remaining on its warranty, updated domestic hot-water systems, hallway and in-unit sprinkler systems, high-speed internet infrastructure and an elevator serving the building. Each apartment is separately metered and equipped with electric heat, supporting efficient operations and predictable ownership expenses. Off-street parking and a landscaped outdoor picnic area further enhance the resident experience and support long-term tenant retention. With substantial capital improvements already completed and no immediate deferred-maintenance requirements, 2 Crandall Street represents a turnkey multifamily investment offering durable income and long-term appreciation potential.

FOR SALE DETAILS

PRICE

$1,999,000 USD

PRICE/SF

$139 USD /SF

# OF UNITS

24

PRICE/UNIT

$83,292

CAP RATE

8.14%

% 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

1960

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

11,989 SF

ZONING

Commercial R-3

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.