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Property profile & analytics
OFF-MARKET
Estimated value
$1,240,000
Office buildings
59 Ct St, Binghamton, NY 13901-3270
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US63-6267042
Property summary
AI-generated overview
This exceptional office space, located at 59 Court Street, Unit 202, in the heart of downtown Binghamton, NY, offers unparalleled access to governmental, federal court, and business centers in Broome County. Situated on the second floor, this unit boasts stunning city views from its desirable location. The space is available for lease at a competitive rate of $13.00 per square foot, with a common area maintenance (CAM) charge of $2.50 per square foot. Multiple office spaces and sizes are available, ranging from 875 to 6,000 square feet, allowing for flexibility to accommodate various business needs. Options include private offices within larger suites, entire floors, and shared common areas. The building benefits from exceptional on-site management. Furnishings may be available upon request, subject to availability. Flexible lease terms are offered to suit individual requirements. This is a truly unique opportunity to establish a presence in one of Binghamton's most prestigious business districts. Contact us to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Total area
50,531 SF
Lot
0.22 ac (9,583 SF)
APN
030200 160.41-1-5
UPID
US63-6267042
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
CPL: Architecture – Engineering – Planning Interior Design Home Decor Store
-
P. Fair Designs Marketing & Advertising (Bike/Boat/Book/etc) Store
-
1360AM ESPN Marketing & Advertising Advertising Agency
-
National Disaster Recovery Technical Assistance Consultants, Inc. Consultant
-
Liburdi Industires, Inc Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$870k
Blend (final)
Blend
$1.24M
Owner & transaction history
59-sixtyone LLC · 13 yrs held
59-sixtyone LLC
since 2013
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Binghamton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Binghamton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.24M
Range $1.12M – $1.36M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$25 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$749,900
Assessed 2023
Previous assessed
$749,900
+0.0% YoY
Assessed land
$77,000
Assessed improvement
$672,900
Land market value
$122,222
Improvement market value
$1,068,095
Total market value
$1,190,317
Applied tax rate
30,200.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1980
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
8
Total area
50,531 SF
Lot
0.22 ac (9,583 SF)
APN
030200 160.41-1-5
UPID
US63-6267042
Jurisdiction
BROOME
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1980
Heating
NONE
Cooling
Yes
Stories
8
Buildings
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
59-sixtyone LLC
Entity
Mailing address
501 SKYLINE DR, VESTAL, NY 13850-5321
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2024
—
59 Sixtyone LLC
—
Deed
related
$280,000 · Tioga State Bank NA
Jan 28, 2013
$600,000
59-sixtyone LLC
Kapur,david E
Trustees Deed
$743,681 · Deerfield Place Assoc LLC
Mar 17, 2006
$2,550,000
59-61 Court St LLC
Matthews,james
Warranty Deed
—
—
—
59-sixtyone LLC
—
Loan Modification, Consolidation And Extension
related
$1,660,000 · Tioga St Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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