Multi-Building Industrial
New
For Sale
$1,050,000
3 Otseningo Street, Binghamton, NY 13903
The assemblage combines several buildings across multiple parcels.
Property Size15,372 SF
Lot Size3.00 Acres
Price / SF$68.31
Days on Market2
Property Features for 3 Otseningo Street
General Information
Standard status
Active
Size
15,372 SF
Lot size
3.00 Acres
Property subtype
Industrial
Building Details
Building Size
15,372 SF
Listing Agency:
Binghamton Office
Listed By:
Maureen D. Wilson, CCIM, SIOR
(607) 754-5990
Source:
Pyramidbrokerage
Added: Oct 19
Last Checked: Oct 19 at 2:30PM
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 Binghamton Office
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Investment Insights
Based on property information with market context.
This industrial assemblage includes buildings and parcels at 1, 4, 4.5, 6, 6.5, 8, and 8.5 Otseningo St, 9 Moore St, and 2 Tompkins St. Together, the properties comprise approximately 3 acres.
Key Highlights
- Approximately 3 acres across the assemblage
- Buildings and parcels at nine addresses on Otseningo St, Moore St, and Tompkins St
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,072
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,901,440
$1.9M
Cap Rate 7%
$1,358,171
$1.4M
Cap Rate 9%
$1,056,356
$1.1M
Market Conditions
NOI Build-Up for 15,372 SF
Gross rent
$145.7K $9.48/SF
− Vacancy
−$9.9K −$0.64/SF
EGI
$135.8K $8.84/SF
− OpEx
−$40.7K −$2.65/SF
NOI
$95.1K $6.18/SF
Area
Broome County, NY
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,901,440
Cap Rate 7%
$1,358,171
Cap Rate 9%
$1,056,356
Alternative Uses
Best Use
Industrial
$1.36M
$1.19M – $1.58M
NOI $95,072 @ 7.0% cap · market cap 9.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.81M
$3.34M – $4.45M
NOI $266,956 @ 7.0% cap · market cap 25.42%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
829
Businesses Nearby
Explore this area
Business Placement
Demographics for 13903, NY
18,140
Population
8,620
Households
2.1
Avg Household Size
41
Median Age
36%
College-Educated
92%
High-School Grad
39.5 sq mi
ZIP Area
459
Density / Sq Mi
$61,244
Median Household Income
$39,811
Median Earnings
$863
Median Rent
$144,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Binghamton, NY
Frequently Asked Questions
What type of property is this?
Industrial property - The assemblage combines several buildings across multiple parcels.
Where is this industrial property located?
The property is located at 3 Otseningo Street Binghamton, NY.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Approximately 3 acres across the assemblage; Buildings and parcels at nine addresses on Otseningo St, Moore St, and Tompkins St
