41 1/2 Fayette St - Apartments FOR SALE


Binghamton, NY 13901- Center City
$489,000 USD
607-621-0439
41 1/2 Fayette St, Binghamton, NY for Sale
$489,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

41 1/2 Fayette St
Binghamton, NY 13901
Center City


HIGHLIGHTS

  • Prime downtown location near Court Street, SUNY bus lines, and major employers
  • Strong rental demand in an area undergoing active revitalization
  • Low vacancy building. Currently fully occupied.
  • In Binghamton's growing and developing Stadium District.
  • Priced to sell above a 10 Cap Rate.

OVERVIEW

Property Description Well-maintained, fully leased and recently updated, 41 ½ Fayette Street features one 2-bedroom unit and three 3-bedroom units with modern finishes. Located just steps from Court Street and the SUNY Broome bus line, this property offers strong rental demand, low operating costs, and easy access to downtown amenities, hospitals, and the university district. Ideal for investors seeking steady cash flow in a growing market. Location Description Located just a few blocks from Downtown Binghamton’s central business district, 41 ½ Fayette Street offers convenient access to shopping, dining, and public transportation. This walkable neighborhood sits near Court Street and the Chenango River, placing residents minutes from SUNY Broome bus lines, Government Plaza, and major employers. The property benefits from proximity to Binghamton University’s downtown campus, local parks, and key amenities including UHS and Lourdes Hospital systems. With easy connections to Route 434 and I-86, this location provides both city living and regional connectivity.

FOR SALE DETAILS

PRICE

$489,000 USD

PRICE/SF

$156 USD /SF

# OF UNITS

4

PRICE/UNIT

$122,250

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

2

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,039 SF

ZONING

COM

APN/PARCEL ID

030200-160-034-0001-018-000-0000

ASK ABOUT THIS PROPERTY

Scott WarrenSVN | Innovative Commercial AdvisorsMore Info
607-621-0439

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

Scott WarrenSVN | Innovative Commercial AdvisorsMore Info
607-621-0439

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