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    19 Mygatt St Binghamton, NY 13905

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    For Sale
    $999,000

    Fully renovated 12-unit apartment building in Binghamton's First Ward.

    Property size:
    7,195 SF

    Property Features for 19 Mygatt St

    General Information

    Size
    7,195 SF

    Building Details

    Year built
    1920

    Source: Scott Warren, CCIM Agent Scott Warren, CCIM

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

    Overview

    Renovated Multifamily Building in Binghamton

    This is a fully renovated 12-unit apartment building located in Binghamton's First Ward District. The 7,195 square-foot building has undergone approximately $1.29M in renovations. The building is located directly on Mygatt St, a quarter mile from Downtown, two blocks from Clinton St, and less than a minute from the I86 interchange, providing access to Downtown Binghamton's restaurants, shops, and amenities. The location provides access to the Binghamton MSA in a 15-minute drive time. The area is rapidly developing with the development of the Charles St Industrial Park and $10M in DRI funds being dedicated to the Clinton Street area. The property is in a Federal opportunity zone. Renovations include a new roof with a 20-year warranty, new electric (800 Amps), new doors, windows, walls, and floors. New appliances with manufacturer warranty, fire protection system, sprinkler system, insulation, HVAC (each unit has high efficiency mini split systems), plumbing updated and all lead and asbestos removed from the building. The building is delivered vacant.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Marlborough Building Business Center

    Suggested Use

    Realty agency Restaurant Law Firm 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
    -75.9222378
    Latitude
    42.1068682

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    FAQs

    What type of property is this?
    Apartment building - Fully renovated 12-unit apartment building in Binghamton's First Ward.
    Where is this apartment building located?
    The property is located at 19 Mygatt St Binghamton, NY.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: - Priced below renovation cost with an impressive 11.24% Pro Forma CAP Rate.; - Approximately $1.29M in recent renovations, essentially a brand new building.; - **Fully renovated 12-unit apartment building with all new systems and appliances under warranty.**
    (607) 621-0439
    Request Owner's contact information
    19 Mygatt St Binghamton, NY 13905
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    Binghamton, NY 13905
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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
    19 Mygatt St Binghamton, NY 13905
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