7 Maria Mnr Binghamton, NY 13903
- Commercial real estate
- 1,779 SF
- 0.18 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 7 Maria Mnr
- Year built
- 1980
- Lot size
- 0.18 lot acres
- Property size
- 1,779 SF
- Property type
- Commercial real estate
Description
This well-maintained four-unit apartment building, located at 7 Maria Manor in Binghamton, NY 13903, presents a compelling investment opportunity. Built in 1980, the property boasts 1,779 square feet situated on a 0.18-acre lot. Currently operating at 100% occupancy, the property generates a Net Operating Income (NOI) of $20,390.76, resulting in a 9.06% capitalization rate. The asking price is $225,000, translating to $126.48 per square foot. Conveniently located near 123 Park Ave and 5 Maria Manor, this property offers potential for package deals and consolidated management. Its proximity to Binghamton General Hospital, downtown Binghamton (approximately one mile), Vestal Ave, NYS Route 434, and the Brandywine highway interchange ensures easy access to major transportation routes. The central location also provides tenants with convenient access to local dining, shopping, and entertainment options. Additional features include off-street parking and proximity to Ross Park Zoo. Separate utilities for each unit contribute to efficient management. The strong rental demand in this area makes this a highly attractive investment prospect for those seeking a fully leased and well-maintained multifamily property.
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
- -75.9137509
- Latitude
- 42.0789925
