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    12 Ayres St, Binghamton, NY 13905

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    Multifamily property with 2012 square feet available for purchase.

    Type:Multifamily
    Property size:
    2,012 SF
    Price / SF:
    $148/SF
    Added:
    Feb 27, 2026
    Days on Market:
    129
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 12 Ayres St

    General Information

    Standard status
    Active
    Size
    2,012 SF
    Property subtype
    Multifamily

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    Scott Warren
    Scott Warren

    Listing office SVN Innovative Commercial Advisors

    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

    Overview

    This multifamily property offers an area of 2012 square feet and is available for sale.

    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 $32.6k $16.20
    − Vacancy −$2.1k −$1.05
    EGI $30.5k $15.15
    − OpEx −$13.7k −$6.82
    NOI $16.8k $8.33
    2,012 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $239.5K
    $209.5K – $279.4K (±1% cap)
    NOI $16,762 @ 7.0% cap · market cap 5.61%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $499.2K
    $436.8K – $582.4K (±1% cap)
    NOI $34,941 @ 7.0% cap · market cap 11.69%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Daycare Center Furniture & Home Goods HVAC Service Electrical Service Carpet & Flooring Store Garden Center (Bike/Boat/Book/etc) Store Clothing & Fashion Store Restaurant Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Binghamton
    County
    Broome
    State
    New York
    Longitude
    -75.9237821
    Latitude
    42.094261

    FAQs

    What type of property is this?
    Multifamily property - Multifamily property with 2012 square feet available for purchase.
    Where is this multifamily property located?
    The property is located at 12 Ayres St Binghamton, NY.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: Multifamily property
    (607) 621-0439 Call to check price and availability
    More about this property
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