212 Court St - Apartments FOR SALE


Binghamton, NY 13901- Center City
$325,000 USD
607-729-5500
212 Court St, Binghamton, NY for Sale
$325,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

212 Court St
Binghamton, NY 13901
Center City


HIGHLIGHTS

  • Blank Canvas Redevelopment Opportunity
  • Former 12-unit apartment building completely gutted to the studs, offering exceptional potential for multifamily, student housing, or workforce housin
  • Prime Downtown Location
  • Walking distance to Mirabito Stadium, restaurants, shopping, entertainment, and public transit
  • Surrounded by Major Investment
  • Just one block from the $45 million Confluence Court development and adjacent to 198 Court Street

OVERVIEW

Property Description Position your investment in one of Binghamton's fastest-growing redevelopment corridors. 212 Court Street presents a rare value-add opportunity to redevelop a former 12-unit apartment building that has been completely gutted to the studs, providing a true blank canvas for a new vision. Previously configured with a mix of one- and two-bedroom apartments, the property is well suited for multifamily, student housing, or workforce housing redevelopment. Located on highly visible Court Street with approximately 7,280 vehicles per day and a Walk Score of 75, the property is within walking distance of Mirabito Stadium, Downtown Binghamton's restaurants, shopping, entertainment, and public transportation. The surrounding area continues to experience significant investment, including the new $45 million Confluence Court development just one block away, while neighboring 198 Court Street recently sold for $1.75 million, demonstrating strong investor demand. With convenient access to Binghamton University, major employers, hospitals, and Interstate 81, this is an outstanding opportunity to capitalize on the continued revitalization of Downtown Binghamton. Location Description 212 Court Street offers a prime location just steps from Mirabito Stadium and minutes from Downtown Binghamton. The property is surrounded by restaurants, breweries, coffee shops, shopping, entertainment, and everyday conveniences, while also providing easy access to public transportation, Interstate 81, and Route 17/I-86. Its proximity to Binghamton University, SUNY Broome Community College, major employers, hospitals, and government offices supports strong demand from students, professionals, and the local workforce, making it an excellent location for investment.

FOR SALE DETAILS

PRICE

$325,000 USD

PRICE/SF

$38 USD /SF

# OF UNITS

12

PRICE/UNIT

$27,083

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1950

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

-

APN/PARCEL ID

030200-160-034-0002-041-000-0000

ASK ABOUT THIS PROPERTY

Vincent LucentiSVN Innovative Commercial AdvisorsMore Info
607-729-5500

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Vincent LucentiSVN Innovative Commercial AdvisorsMore Info
607-729-5500

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