15-Unit Downtown Apartment
For Sale
Contact for pricing
Pending
38 Carroll St, Binghamton, NY 13901
Master-leased apartment property near downtown with a fenced parking lot.
Property SizeContact for details
Days on Market143
Property Features for 38 Carroll St
General Information
Standard status
Pending
Property subtype
Multifamily
Occupancy
100%
Financials
Cap Rate
12.17%
Gross Income
$144,900
Additional Details
Public Transit
Yes
Multifamily Units
15
Amenities
fenced parking lot
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
SVN Innovative Commercial Advisors
(607) 621-0439
Listed By:
Scott Warren · License #NY 10301220936
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 7:22AM
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
Investment Insights
Based on property information with market context.
This 15-unit apartment building is located on Carroll Street near the Susquehanna Street intersection in Binghamton. The property includes a fenced parking lot and is positioned within walking distance of bus lines, downtown restaurants, nightclubs, shops, and other amenities.
A fraternity occupies the entire building under a master lease and has remained in place for 4 years. The arrangement provides a single-tenant operating structure, while the property’s reported 12.17% cap rate offers an additional underwriting metric for review.
A fraternity occupies the entire building under a master lease and has remained in place for 4 years. The arrangement provides a single-tenant operating structure, while the property’s reported 12.17% cap rate offers an additional underwriting metric for review.
Key Highlights
- 15‑unit apartment building at 38 Carroll St, Binghamton, NY 13901
- Entire property leased to a fraternity under a master lease
- Fraternity tenancy has continued for 4 years
Property Analytics
Property Profile
Current Use
Lease Details
15
Residential units
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,997
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Master-leased apartment property near downtown with a fenced parking lot.
Where is this apartment building located?
The property is located at 38 Carroll St Binghamton, NY.
What are key features of this property?
This property features: 15‑unit apartment building at 38 Carroll St, Binghamton, NY 13901; Entire property leased to a fraternity under a master lease; Fraternity tenancy has continued for 4 years
