18 North St Binghamton, NY 13905
- Commercial real estate
- 10,920 SF
- 1,960.00 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 18 North St
- Year built
- 1960
- Lot size
- 1,960.00 lot acres
- Property size
- 10,920 SF
- Property type
- Commercial real estate
Description
This exceptional 12-unit apartment building, located at 18 North St, Binghamton, NY 13905, presents a compelling investment opportunity. Boasting 10,920 square feet on a 1.96-acre lot, this Class A property offers a strong 9.46% cap rate and a substantial net operating income (NOI) of $115,874. Built in 1960 and recently fully renovated, the building features modern kitchens, updated bathrooms, new flooring, and refreshed common areas. The property is zoned R3 and approved for student housing, making it ideally situated to capitalize on the growing student population. Its prime location in Binghamton's West Side, between Murray and Oak Streets, provides convenient access to Main Street, bus lines, and the Court Street Bridge. A Walk Score of 70 ensures residents enjoy easy access to downtown amenities, restaurants, and nightlife. This turnkey property is ready for immediate income generation, offering a rare combination of high-end finishes, strong financials, and a desirable location. The asking price is $1,225,000. This is a truly exceptional opportunity for investors seeking a high-return, low-maintenance multifamily investment in a thriving New York market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Binghamton
- County
- Broome
- State
- New York
- Longitude
- -75.9198775
- Latitude
- 42.1014582
