7-Unit Apartment
For Sale
$498,000
17 Holland Street, Binghamton, NY 13905
Six one-bedroom apartments and one two-bedroom unit offer a defined residential unit mix.
Property Size4,800 SF
Price / SF$103.75
Days on Market90
Property Features for 17 Holland Street
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Commercial
Zoning
R1 & R2, R1 & R2
Units
Unit Mix
6 x 1BR, 1 x 2BR
Multifamily Units
7
Individually Metered Utilities
unspecified utilities
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,368
Building Details
Building Size
4,800 SF
Year Built
1960
Listing Agency:
4HG Real Estate
Listed By:
Michele L DePrato
(607) 201-8904
Source:
Lindakentrealestate
Added: Aug 3
Changed: Oct 30
Last Checked: Oct 30 at 2:04AM
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 4HG Real Estate
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Investment Insights
Based on property information with market context.
This 4,800-square-foot apartment property contains seven units: six with one bedroom and one with two bedrooms. The building dates to 1960, and the units are separately metered. Zoning is listed as R1 and R2.
The property is near downtown Binghamton and has access to the SUNY bus line. Its unit mix and separate metering define the building’s key physical and operating characteristics.
The property is near downtown Binghamton and has access to the SUNY bus line. Its unit mix and separate metering define the building’s key physical and operating characteristics.
Key Highlights
- Seven apartments: six one‑bedroom units and one two‑bedroom unit
- Each unit is separately metered
- 4,800 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,988
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$799,760
$799.8K
Cap Rate 7%
$571,257
$571.3K
Cap Rate 9%
$444,311
$444.3K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$77.8K $16.20/SF
− Vacancy
−$5.1K −$1.05/SF
EGI
$72.7K $15.15/SF
− OpEx
−$32.7K −$6.82/SF
NOI
$40.0K $8.33/SF
Area
Broome County, NY
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$799,760
Cap Rate 7%
$571,257
Cap Rate 9%
$444,311
Alternative Uses
Best Use
Apartment 5plus
$571.3K
$499.9K – $666.5K
NOI $39,988 @ 7.0% cap · market cap 8.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,359 @ 7.0% cap · market cap 16.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
700
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Six one-bedroom apartments and one two-bedroom unit offer a defined residential unit mix.
Where is this apartment building located?
The property is located at 17 Holland Street Binghamton, NY.
What is the asking price?
The asking price for this property is $498,000.
What are key features of this property?
This property features: Seven apartments: six one‑bedroom units and one two‑bedroom unit; Each unit is separately metered; 4,800 square feet
