Mixed-Use Building with Rental Income

132 Main Street, Binghamton, NY 13905

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For Sale

Contact for pricing

Well-maintained 9-unit building with recent capital improvements.

Type:Multifamily

Property size:

4,918 SF

Price / SF:

$136/SF

HighLights

Proven rental profile with a diverse unit mix.
Recent major capital improvements: new roof, fire escape, plumbing, and electrical systems (within the past 5 years).
Professionally managed with an on‑site superintendent.
Prime Main Street location with excellent transit access.
Commercial zoning allows flexibility for multifamily or student housing use.
Mixed‑use building with a separately leased office space.

We can help!

Listing Contact

Scott Warren

For Sale

Contact for pricing

Well-maintained 9-unit building with recent capital improvements.

Type:Multifamily

Property size:

4,918 SF

Price / SF:

$136/SF

Added:: Jan 28, 2026
Days on Market:: 137
Last Refresh:: Mar 17 at 1:14 pm

Property Features for 132 Main Street

General Information

Standard status: Active
Size: 4,918 SF
Property subtype: Multifamily

Building Details

Year Built: 1960

We can help!

Listing Contact

Scott Warren

Listing agent Scott Warren License #NY 10301220936

Listing office SVN Innovative Commercial Advisors

Listing date Jan 28, 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

Proven rental profile with a diverse unit mix.
Recent major capital improvements: new roof, fire escape, plumbing, and electrical systems (within the past 5 years).
Professionally managed with an on‑site superintendent.
Prime Main Street location with excellent transit access.
Commercial zoning allows flexibility for multifamily or student housing use.
Mixed‑use building with a separately leased office space.

Overview

This is a well-maintained 9-unit mixed-use building with a proven rental profile. The unit mix includes three one-bedroom units, one efficiency, three studios, one two-bedroom unit, plus a separately leased office. The property has benefited from major capital improvements within the past five years, including a new roof, fire escape, plumbing, and electrical systems. The building is professionally managed with an on-site superintendent in place and has demonstrated consistent performance supported by its Main Street setting, transit access, and commercial zoning that allows flexibility for multifamily or student housing use. The property size is 4918 square feet.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$79.7k	$16.20
− Vacancy	−$5.2k	−$1.05
EGI	$74.5k	$15.15
− OpEx	−$33.5k	−$6.82
NOI	$41.0k	$8.33

4,918 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$585.3K

$512.1K – $682.9K (±1% cap)

NOI $40,971 @ 7.0% cap · market cap 6.12%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.22M

$1.07M – $1.42M (±1% cap)

NOI $85,408 @ 7.0% cap · market cap 12.77%

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

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Binghamton
County: Broome
State: New York
Longitude: -75.9277027
Latitude: 42.1021064

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For sale
Apartment buildings
NY
Binghamton
13905
132 Main Street

What type of property is this?

Apartment building - Well-maintained 9-unit building with recent capital improvements.

Where is this apartment building located?

The property is located at 132 Main Street Binghamton, NY.

What is the asking price?

The asking price for this property is $669,000.

What are key features of this property?

This property features: Proven rental profile with a diverse unit mix.; Recent major capital improvements: new roof, fire escape, plumbing, and electrical systems (within the past 5 years).; Professionally managed with an on‑site superintendent.