30 Clinton St Binghamton, NY 13905
- Dormitories
- 4,506 SF
Current Use by Public Records
- Dormitories
Property Details for 30 Clinton St
- Year built
- 1960
- Property size
- 4,506 SF
- Property type
- Dormitories
- Property subtype
- Student housing
Description
This exceptional investment opportunity presents a recently renovated (2024) five-unit multifamily building located at 30 Clinton St, Binghamton, NY 13905. The property boasts 4,506 square feet situated on a 2,669 square foot lot, offering a compelling mix of unit sizes: two one-bedroom units, two two-bedroom units, and one spacious three-bedroom unit. The asking price is $349,000, translating to $73,000 per unit and a price per square foot of $81. The building's strong financial performance is highlighted by a Net Operating Income (NOI) of $34,319 and a 9.40% capitalization rate. Benefiting from a prime downtown location, this property enjoys high walkability (score of 70) and excellent visibility with an average daily traffic count of 10,747. Its proximity to the Clinton Street Bridge and Front Street, along with its central position within Binghamton, ensures strong rental demand. The property is zoned for Neighborhood Commercial use, providing flexibility for future development. This meticulously renovated building offers modern amenities and ample natural light within each unit, making it an ideal investment in a thriving rental market. The building was constructed in 1960.
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
- -75.9182723
- Latitude
- 42.1046482
