Four-Unit Residential Income
For Sale
$315,000
120 Murray St, Binghamton, NY 13905
Built in 1975, this four-unit multifamily property totals 5 bedrooms and 10 beds and is currently vacant.
Property Size2,640 SF
Price / SF$126
Days on Market195
Property Features for 120 Murray St
General Information
Standard status
Active
Size
2,640 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
4
Building Details
Building Size
2,640 SF
Year Built
1890
Tenancy
Multi
Listing Agency:
SVN Innovative Commercial Advisors
Listed By:
Scott Warren, CCIM, CIREC · License #NY #10491212432
(607) 621-0439
Source:
Svn
Added: Apr 12
Changed: Oct 10
Last Checked: Oct 23 at 4:11AM
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
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Investment Insights
Based on property information with market context.
Built in 1975, this 2,500-square-foot multifamily property contains four units with a total of 5 bedrooms and 10 beds. The property is currently vacant, and it has maintained consistent rental history.
The public remarks cite the property’s proximity to the SUNY bus line as a factor supporting its rental performance.
This is a straightforward four-unit residential income asset offered for sale.
The public remarks cite the property’s proximity to the SUNY bus line as a factor supporting its rental performance.
This is a straightforward four-unit residential income asset offered for sale.
Key Highlights
- Built in 1975, 4‑unit multifamily property totals 2,500 SF
- Units include 5 bedrooms and 10 beds across the 4‑unit building
- Property is currently vacant, with a consistent rental history
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,339
Cap Rate
7.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,780
$446.8K
Cap Rate 7%
$319,129
$319.1K
Cap Rate 9%
$248,211
$248.2K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$34.5K $13.80/SF
− Vacancy
−$2.6K −$1.04/SF
EGI
$31.9K $12.77/SF
− OpEx
−$9.6K −$3.83/SF
NOI
$22.3K $8.94/SF
Area
Broome County, NY
Vacancy
7.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,780
Cap Rate 7%
$319,129
Cap Rate 9%
$248,211
Alternative Uses
Best Use
Multifamily LT 5
$319.1K
$279.2K – $372.3K
NOI $22,339 @ 7.0% cap · market cap 7.09%
Second Best
Apartment 5plus
$297.5K
$260.3K – $347.1K
NOI $20,827 @ 7.0% cap · market cap 6.61%
Theoretical Best
Office A
$620.2K
$542.7K – $723.6K
NOI $43,416 @ 7.0% cap · market cap 13.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,075
Businesses Nearby
Explore this area
Business Placement
Demographics for 13905, NY
27,672
Population
13,774
Households
2
Avg Household Size
36
Median Age
37%
College-Educated
91%
High-School Grad
28.2 sq mi
ZIP Area
981
Density / Sq Mi
$53,757
Median Household Income
$30,359
Median Earnings
$993
Median Rent
$137,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Built in 1975, this four-unit multifamily property totals 5 bedrooms and 10 beds and is currently vacant.
Where is this quadplex located?
The property is located at 120 Murray St Binghamton, NY.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Built in 1975, 4‑unit multifamily property totals 2,500 SF; Units include 5 bedrooms and 10 beds across the 4‑unit building; Property is currently vacant, with a consistent rental history
