Property profile

74 Carroll St Binghamton, NY 13901

FOR SALE
Investment properties
Property ID
US63-6103081
13,020 SF 0.56 ac lot Built 1970
Entity Owned 15-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1,250 square foot executive office suite is ideally situated in the heart of downtown Binghamton, New York, at 74 Carroll Street. Located just one block from Court Street, this Class B building offers unparalleled convenience and visibility within a thriving business district. Built in 1970, the 13,020 square foot building sits on a 0.57-acre lot and currently has 1,250 square feet available for lease. The fully built-out space includes a welcoming reception area, five private offices perfect for individual work or team collaboration, a dedicated storage room, and a private restroom for added convenience. Limited off-street parking is available on the property, supplemented by ample free street parking nearby and paid parking just a block away. This prime location boasts a walkability score of 84, providing easy access to local amenities and fostering a vibrant work environment. The lease rate is competitively priced at $13 per square foot, plus utilities. This is a fantastic opportunity for businesses seeking a prestigious downtown address with exceptional accessibility and a strong sense of community. The property is in Broome County, New York, and has a multiple tenancy structure.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1970
Total area 13,020 SF
Lot 0.56 ac (24,375 SF)
APN 030200 160.42-1-32
UPID US63-6103081

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Theater & Performing Art Venue
  • Loan Service Bank
  • Apartment Complex

Location

74 Carroll St Binghamton, NY 13901
Binghamton metro Census 1200 BINGHAMTON, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.94M
Comparable Approach Comparable
$1.68M
Blend (final) Blend
$315k

Owner & transaction history

since 2011
3 recorded transactions
2022
Price N/A
2011
$485,000
2004
$190,000

Zoning & alternative use

Top alternative use upside
Office building $1.4M +31.2%
Auto repair, garage $1.1M +0.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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