116 Murray St, Binghamton, NY 13905
Multifamily property with a 6.62% CAP rate.
- Added:
- Feb 27, 2026
- Days on Market:
- 129
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 116 Murray St
General Information
- Standard status
- Active
- Size
- 3,605 SF
- Property subtype
- Multifamily
Listing office SVN Innovative Commercial Advisors (607) 621-0439
Listing date Feb 27, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of SVN Innovative Commercial Advisors
HighLights
- Multifamily property
- 6.62% CAP
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.4k | $16.20 |
| − Vacancy | −$3.8k | −$1.05 |
| EGI | $54.6k | $15.15 |
| − OpEx | −$24.6k | −$6.82 |
| NOI | $30.0k | $8.33 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Binghamton
- County
- Broome
- State
- New York
- Longitude
- -75.9211237
- Latitude
- 42.0987861
