74 Carroll St - Apartments FOR SALE


Binghamton, NY 13901- Center City
$1,350,000 USD
607-621-0439
74 Carroll St, Binghamton, NY for Sale
$1,350,000 USD
Apartments - FOR SALE
1/42
null | 10.86% Cap Rate

74 Carroll St
Binghamton, NY 13901
Center City


HIGHLIGHTS

  • 13,020 SF mixed-use investment with residential and commercial income streams
  • Five residential units totaling 25 student beds
  • Student-focused layouts with multiple bathrooms and loft-style configurations
  • Secure coded access at building and unit levels for operational control
  • Commercial space supported by a recently executed three-year lease
  • Larger parcel with off-street parking in a downtown-adjacent location

OVERVIEW

74 Carroll Street is a 13,020 SF mixed-use investment opportunity positioned to capture both student housing demand and commercial income. The residential component includes five units totaling 25 student beds, designed with multi-bedroom layouts, multiple bathrooms, and loft-style configurations that align with current leasing preferences. Updated interior finishes help distinguish the property from competing inventory in the market. The building features secure coded access at both the main entry and unit levels, supporting tenant quality and efficient management. The commercial space provides an additional income stream, supported by a recently executed three-year lease. Situated just off Court Street, the property benefits from proximity to Binghamton University’s downtown presence, public transportation, and neighborhood retail. The larger parcel includes off-street parking, a key advantage in this market, supporting consistent demand and long-term performance.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$104 USD /SF

# OF UNITS

5

PRICE/UNIT

$270,000

CAP RATE

10.86%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-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 Notice.