14 Way Street, Binghamton, NY 13901
8-unit property near Downtown Binghamton with recent major updates.
- Added:
- Nov 21, 2025
- Days on Market:
- 227
- Last Refresh:
- May 9 at 1:28 am
Property Features for 14 Way Street
General Information
- Standard status
- Active
- Size
- 4,381 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1950
Listing office (607) 953-1509
Listing date Nov 21, 2025
Source Svn
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 Matthew Karlgut
HighLights
- Fully occupied 8‑unit property offering immediate rental income
- Separate utilities simplifies management
- Major updates in 2022 including a new roof, electrical, windows, and plumbing reduces maintenance
- Walking distance to Downtown Binghamton, offering convenient access
- Close proximity to shopping, dining, and entertainment enhances tenant appeal
- Updated electrical and plumbing ensures safety
Overview
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 | $71.0k | $16.20 |
| − Vacancy | −$4.6k | −$1.05 |
| EGI | $66.4k | $15.15 |
| − OpEx | −$29.9k | −$6.82 |
| NOI | $36.5k | $8.33 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Binghamton
- County
- Broome
- State
- New York
- Longitude
- -75.9074
- Latitude
- 42.1057
