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Property profile & analytics
OFF-MARKET Estimated value $11,965,000
Investment properties

7 Ct St Binghamton, NY 13901-3101

97,574 SF 0.79 ac lot Built 1965
Entity Owned ~ Est. High Equity
Property ID
US63-2204094
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1965
Total area 97,574 SF
Lot 0.79 ac (34,412 SF)
APN 030200 160.40-2-7
UPID US63-2204094
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
  • 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$14.51M
Comparable Approach Comparable
$12.66M
Blend (final) Blend
$11.97M
Owner & transaction history
Bmc Chenango Place LLC
Bmc Chenango Place LLC
since 2026
7 recorded transactions
2026
$6.8M
2025
$8.0M
2014
Price N/A
2013
Price N/A
2006
$1.6M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $10.4M +31.2%
Auto repair, garage $8.0M +0.5%
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