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    74 Carroll St Binghamton, NY 13901

    For Sale
    $1,789,000

    Fully leased residential and commercial spaces near Binghamton amenities.

    Property size:
    13,020 SF

    Property Features for 74 Carroll St

    General Information

    Size
    13,020 SF

    Building Details

    Year built
    1970

    Source: Scott Warren, CCIM Agent Scott Warren, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Binghamton Student Housing Investment

    This 13,000 SF building presents an investment opportunity in Downtown Binghamton's student housing market. The property features five fully leased residential units and two commercial spaces. Residential leases are secured through the 2025–2026 academic year. The student housing component includes 25 beds with high-end finishes, central air, AC, two bathrooms per unit, and loft-style bedrooms in three of the five units. Secure coded access is provided to both the main entrance and individual units. Located one building off Court Street, the property is within walking distance of Binghamton’s restaurants, nightlife, shops, and amenities. The property includes ample off-street parking. A newly signed three-year lease with a salon supports the commercial portion. Each unit has laundry. The location combines convenience with a walkability score of 84 and a daily traffic count of 7,280. The property is accessible via SUNY bus routes. It also offers free street parking, with additional paid parking nearby.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    KNOW Theatre Performing Arts Theater Capital Mortgage Finance Mortgage Lender The Old Firehouse Apartment Complex

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Binghamton
    County
    Broome
    State
    New York
    Longitude
    -75.9073185
    Latitude
    42.0991323

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    FAQs

    What type of property is this?
    Apartment building - Fully leased residential and commercial spaces near Binghamton amenities.
    Where is this apartment building located?
    The property is located at 74 Carroll St Binghamton, NY.
    What is the asking price?
    The asking price for this property is $1,789,000.
    What are key features of this property?
    This property features: - Fully leased residential units (25 beds) secured through the 2025-2026 academic year, providing immediate rental income.; - Prime downtown Binghamton location, one building off Court Street, with a strong walkability score and access to amenities.; - Two commercial spaces, including a newly signed three-year lease with a salon, enhancing income diversification.
    (607) 621-0439
    Request Owner's contact information
    74 Carroll St Binghamton, NY 13901
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    Binghamton, NY 13901
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    74 Carroll St Binghamton, NY 13901
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