7 Ct St, Binghamton, NY 13901-3101
- Investment properties
- 97,574 SF
- 0.79 lot acres
Current Use by Public Records
- XTASY (Restaurant & Lounge) / Restaurant
- Nanu's Hot Chicken / Restaurant / Take-out & Catering
- Peacemaker's Stage / Theater & Performing Art Venue / Music Venue
- Chenango Place / Apartment Complex / Student Housing Center
- The Bateman GBM Research Foundation / Charitable Organization / Social Service Agency
Property Details for 7 Ct St
- Year built
- 1965
- Lot size
- 0.79 lot acres
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 030200 160.40-2-7
- APU
- 302001604027
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 23, 2026 | $6,750,000 | Bmc Chenango Place LLC | Us Bank National Association | Bargain & Sale Deed | $5.2M · First National Bank/ctrl Tx |
| Jun 23, 2025 | $8,000,000 | U S Bank National Association | Rachel Schiff | Deed · related | — |
| Jun 12, 2014 | — | Chenango Place LLC | — | Loan Modification · related | $9M · Aroya Credit LLC |
| Sep 4, 2013 | — | Chenango Place LLC | Court Street Estate LLC | Grant Deed | — |
| Jun 20, 2006 | $1,600,000 | Court Street Estate LLC | Susquehanna Dev LLC | Warranty Deed | — |
| — | — | Chenango Place LLC | — | Deed Of Trust · related | $2.5M · Aroya Credit LLC |
| — | — | Chenango Place LLC | — | Deed Of Trust · related | $2.5M · Aroya Credit LLC |
| — | — | Chenango Place LLC | — | Deed Of Trust · related | $1M · Aroya Credit LLC |
| — | — | Chenango Place LLC | — | Deed Of Trust · related | $2.2M · Arbor Realty SR |
Description
This exceptional 1,108 square-foot retail space is situated on the ground floor of the upscale Chenango Place Apartments, a four-story, 176-unit student housing complex in Downtown Binghamton's vibrant Riverwalk district. Its prime location offers high visibility and significant foot traffic, benefiting from its proximity to Boscov's department store, currently undergoing a $10+ million renovation with nine years remaining on its lease. The space is ideal for a variety of uses, including retail, cafe, fitness studio, personal services businesses, or medical offices. Enjoy direct Riverwalk frontage with the potential for attractive outdoor seating, enhancing customer appeal. A prominent signage opportunity above the main entrance ensures maximum brand visibility. Furthermore, a new parking garage attached to the building is slated to open in early 2025, significantly improving parking accessibility for both tenants and customers. With over 18,000 students enrolled at Binghamton University, and approximately 10,000 living off-campus nearby, this location provides access to a large and readily available customer base. This single-tenant space presents a unique opportunity to establish a thriving business within a dynamic and growing student-centric community. The building's upscale design and convenient amenities create a desirable environment for both businesses and their clientele.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $15,715,000
- 6.5%
- $14,505,000
- 7%
- $13,470,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $12,656,000
- AI Estimate
- $8,732,000
Market price range: $3.18M - $12.7MMarket price range: $3.05M - $8.73M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $7,930,000 Current use
- OFFICE BUILDING
- $10,400,000 Change: +31% Conversion: Easy
- AUTO REPAIR, GARAGE
- $7,975,000 Change: +1% Conversion: Difficult
- RESTAURANT
- $7,380,000 Change: -7% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Binghamton
- County
- Broome
- State
- New York
- Longitude
- -75.9152
- Latitude
- 42.0996
- CBSA code
- 13780
- CBSA name
- BINGHAMTON, NY METROPOLITAN STATISTICAL AREA
