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29-31 Court 31 Court St 5,087 SF 100% Leased Retail Building Binghamton, NY 13901 $1,160,000 ($228.03/SF) 8.56% Cap Rate
Investment Highlights
- 5 units
- Located in Binghamton Student Housing area
- Charming historic architecture
- Zoned Downtown Business District
- 100% occupancy
- Modern amenities
Executive Summary
For sale are two premium mixed-use buildings in the heart of Downtown Binghamton, a vibrant area known for its bustling student population. Located just steps from Water St, these buildings are perfectly positioned near approximately 1,300 student beds, ensuring a constant flow of foot and vehicle traffic. With a daily traffic count of 5,391 vehicles and a walkability score of 90, this "walker’s paradise" offers unparalleled access to Binghamton’s top restaurants, clubs, shops, and amenities. These buildings feature ground-floor retail with student apartments above—an investment in the city’s most sought-after location.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,087 SF
Building Class
C
Year Built
1965
Price
$1,160,000
Price Per SF
$228.03
Cap Rate
8.56%
NOI
$99,258
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
12’
Building FAR
0.52
Lot Size
0.22 AC
Frontage
42’ on Court St
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (75)
Nearby Major Retailers
Property Taxes
| Parcel Number | 034201-187-018-0001-034-000-0000 | Improvements Assessment | $45,200 |
| Land Assessment | $11,700 | Total Assessment | $56,900 |
Property Taxes
Parcel Number
034201-187-018-0001-034-000-0000
Land Assessment
$11,700
Improvements Assessment
$45,200
Total Assessment
$56,900
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29-31 Court | 31 Court St
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