74 Carroll St - Apartments FOR SALE


Binghamton, NY 13901- Center City
$1,799,000 USD
607-621-0439
74 Carroll St, Binghamton, NY for Sale
$1,799,000 USD
Apartments - FOR SALE
1/36
null | Request Cap Rate

74 Carroll St
Binghamton, NY 13901
Center City


HIGHLIGHTS

  • Prime Downtown Binghamton Student Housing. 5 Residential Units with 25 Beds
  • 2 Commercial Spaces. One new tenant with a 3 year lease
  • Ample off street parking
  • Central Air
  • 3 Units have loft bedrooms. 2 Bathrooms in each unit
  • Laundry in each unit

OVERVIEW

Property Description This is a standout opportunity for investors targeting Downtown Binghamton’s strong student housing market. This 13,000 SF building includes five fully leased residential units and two commercial spaces, with residential leases secured through the 2025–2026 academic year. The student housing component features 25 beds with high-end finishes, including central air, AC, two bathrooms per unit, and loft-style bedrooms in three of the five units. The building offers secure coded access to both the main entrance and individual units. Located just one building off Court Street, it’s within walking distance to Binghamton’s restaurants, nightlife, shops, and amenities. The property also includes ample off-street parking, and a newly signed three-year lease with a salon adds strength to the commercial portion. A must-see investment. Location Description This prime location is ideally positioned to capitalize on Downtown Binghamton’s thriving student housing market. Just one building off the busy Court Street corridor, it combines exceptional convenience with a strong walkability score of 84 and a daily traffic count of 7,280. The property is easily accessible via SUNY bus routes and within walking distance to the area’s restaurants, shops, and amenities. Unlike many downtown sites, it also offers free street parking, with additional paid parking just one block to the west.

FOR SALE DETAILS

PRICE

$1,799,000 USD

PRICE/SF

$138 USD /SF

# OF UNITS

5

PRICE/UNIT

$359,800

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

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

Service Commercial

APN/PARCEL ID

030200-160-042-0001-032-000-0000

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.