Stabilized Multifamily
For Sale
Contact for pricing
36 Fayette Street, Binghamton, NY 13901
Two fully occupied apartment buildings total 11 units with separate electric meters and recent roof and interior upgrades.
Property Size8,024 SF
Price / SF$112.15
Days on Market127
Property Features for 36 Fayette Street
General Information
Standard status
Active
Size
8,024 SF
Property subtype
Multifamily
Occupancy
100%
Additional Details
Multifamily Units
11
Building Details
Year Built
1940
Buildings
2
Tenancy
Multi
Listing Agency:
eXp Realty
Listed By:
Amity Deubler · License #10401395123
Source:
Crexi
Added: Jun 22
Changed: Oct 25
Last Checked: Oct 24 at 4:02PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This offering includes two separate apartment buildings totaling 11 fully occupied units. The property reports $10,325 in monthly rental income and has benefited from capital improvements, including newer roofs installed in 2019 and 2025, along with numerous interior updates across the portfolio. Ownership has upgraded flooring, kitchens, bathrooms, and appliances in many units.
Operationally, the buildings are supported by separate electric meters, with tenants responsible for their own electric service. The asset is positioned near Downtown Binghamton employers, public transportation, restaurants, entertainment venues, and Mirabito Stadium.
Overall, it presents as a maintained, stabilized multifamily investment with documented occupancy and consistent rental performance, supported by recent exterior and interior renovation work.
Operationally, the buildings are supported by separate electric meters, with tenants responsible for their own electric service. The asset is positioned near Downtown Binghamton employers, public transportation, restaurants, entertainment venues, and Mirabito Stadium.
Overall, it presents as a maintained, stabilized multifamily investment with documented occupancy and consistent rental performance, supported by recent exterior and interior renovation work.
Key Highlights
- Two separate buildings in Downtown Binghamton with 11 fully occupied apartment units
- Generates $10,325 in monthly rental income from the 11 units
- Newer roofs installed in 2019 and 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,847
Cap Rate
7.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,336,940
$1.3M
Cap Rate 7%
$954,957
$955.0K
Cap Rate 9%
$742,744
$742.7K
Market Conditions
NOI Build-Up for 8,024 SF
Gross rent
$130.0K $16.20/SF
− Vacancy
−$8.4K −$1.05/SF
EGI
$121.5K $15.15/SF
− OpEx
−$54.7K −$6.82/SF
NOI
$66.8K $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%
$1,336,940
Cap Rate 7%
$954,957
Cap Rate 9%
$742,744
Alternative Uses
Best Use
Apartment 5plus
$955.0K
$835.6K – $1.11M
NOI $66,847 @ 7.0% cap · market cap 7.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,348 @ 7.0% cap · market cap 15.48%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
11
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,785
Businesses Nearby
Explore this area
Business Placement
Demographics for 13901, NY
20,548
Population
10,148
Households
2
Avg Household Size
40
Median Age
26%
College-Educated
87%
High-School Grad
23.0 sq mi
ZIP Area
893
Density / Sq Mi
$54,165
Median Household Income
$36,897
Median Earnings
$806
Median Rent
$152,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Two fully occupied apartment buildings total 11 units with separate electric meters and recent roof and interior upgrades.
Where is this apartment building located?
The property is located at 36 Fayette Street Binghamton, NY.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Two separate buildings in Downtown Binghamton with 11 fully occupied apartment units; Generates $10,325 in monthly rental income from the 11 units; Newer roofs installed in 2019 and 2025
