Condemned Multifamily
For Sale
Contact for pricing
Pending
6 Stuyvesant St, Binghamton, NY 13901
This condemned multifamily property consists of units with one bedroom and one bathroom each, and is currently boarded with no access.
Property Size1,680 SF
Days on Market115
Property Features for 6 Stuyvesant St
General Information
Standard status
Pending
Size
1,680 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$2,550
Building Details
Building Size
1,680 SF
Year Built
1920
Stories
2
Units
2
Tenancy
Multi
Listing Agency:
American Eagle Realty 2016, LLC
Listed By:
Cathleen A. Leggiere
(607) 843-2901
Source:
Elliman
Added: Jul 9
Changed: Oct 25
Last Checked: Oct 30 at 4:03PM
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 American Eagle Realty 2016, LLC
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Investment Insights
Based on property information with market context.
6 Stuyvesant St. is a multifamily building offered for sale in as-is/where-is condition. The property features units with one bedroom and one bathroom in each unit. Due to health and safety concerns, the home is boarded over and access is not available for showings.
The listing notes the property is condemned and boarded up, and that access for inspections or other purposes is not guaranteed. Special addendums may apply, and an accepted offer is required for certain addenda to be produced. The buyer will assume all responsibility for any necessary eviction action.
The property is being sold through Xome.com as part of a bidding event, with the stated start and end dates in the listing remarks. Prospective buyers should contact the listing broker to confirm whether any access may be available for inspection purposes.
The listing notes the property is condemned and boarded up, and that access for inspections or other purposes is not guaranteed. Special addendums may apply, and an accepted offer is required for certain addenda to be produced. The buyer will assume all responsibility for any necessary eviction action.
The property is being sold through Xome.com as part of a bidding event, with the stated start and end dates in the listing remarks. Prospective buyers should contact the listing broker to confirm whether any access may be available for inspection purposes.
Key Highlights
- Condomned, boarded‑up multifamily property with no access for showings
- Year built: 1920
- Multi‑family layout with 1 bedroom and 1 bathroom in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,996
Suggested Prices Based on Cap Rates
Cap Rate 5%
$279,920
$279.9K
Cap Rate 7%
$199,943
$199.9K
Cap Rate 9%
$155,511
$155.5K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$27.2K $16.20/SF
− Vacancy
−$1.8K −$1.05/SF
EGI
$25.4K $15.15/SF
− OpEx
−$11.5K −$6.82/SF
NOI
$14.0K $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%
$279,920
Cap Rate 7%
$199,943
Cap Rate 9%
$155,511
Alternative Uses
Best Use
Apartment 5plus
$199.9K
$175.0K – $233.3K
NOI $13,996 @ 7.0% cap · market cap 56.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$416.8K
$364.7K – $486.3K
NOI $29,176 @ 7.0% cap · market cap 117.17%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,166
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - This condemned multifamily property consists of units with one bedroom and one bathroom each, and is currently boarded with no access.
Where is this multifamily property located?
The property is located at 6 Stuyvesant St Binghamton, NY.
What are key features of this property?
This property features: Condomned, boarded‑up multifamily property with no access for showings; Year built: 1920; Multi‑family layout with 1 bedroom and 1 bathroom in each unit
