162 Court St Binghamton, NY 13901
Property profile & analytics
162 Court St Binghamton, NY 13901
- Office buildings
- 20,327 SF
- 0.14 lot acres
Property ID
US63-1149015
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- 162 Court Street / Business Service Center / Corporate Office
Property Details for 162 Court St
- Year built
- 1980
- Lot size
- 0.14 lot acres
- Property size
- 20,327 SF
- Property type
- Office buildings
- APN
- 030200 160.42-1-13
- APU
- 3020016042113
Description
This exceptional investment opportunity presents a 10-unit, 56-bed student housing property at 162 Court Street, Binghamton, NY 13901. Boasting a 98% occupancy rate and a strong 9.00% cap rate, this property offers immediate cash flow and significant upside potential. The 20,372 square foot building underwent renovations in 2014 and is ideally situated in the heart of downtown Binghamton, directly serving Binghamton University, consistently ranked as a top-value public university. The property's 10 units, offering a variety of sizes, cater to both individual and group student rentals, ensuring consistent demand. Further value-add opportunities exist through the approximately 2,700 square feet of available retail space, which could be leased or converted to self-storage. With a recent surge in undergraduate applications and a proven track record of strong performance, this asset is poised for continued growth in a thriving student rental market. The asking price is $3,625,000, representing a price per unit of $362,500 and a price per square foot of $177.94. This is a rare chance to acquire a well-maintained, high-performing student housing property in a desirable location with substantial growth potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,720,000
- ML approach
- $2,575,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Binghamton
- County
- Broome
- State
- New York
- Longitude
- -75.9076
- Latitude
- 42.0995
- CBSA code
- 13780
- CBSA name
- BINGHAMTON, NY METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
$0.00
$77,500
$208,400
$285,900
-
$123,016
$330,794
$453,810
