288 Robinson Street, Binghamton, NY for sale

288 Robinson Street, Binghamton, NY 13904

Accepting Offers
288 Robinson Street, Binghamton, NY for sale288 Robinson Street, Binghamton, NY for sale288 Robinson Street, Binghamton, NY for sale288 Robinson Street, Binghamton, NY for sale
Asking Price

$300,000

288 Robinson Street, Binghamton, NY for sale

288 Robinson Street, Binghamton, NY 13904

Asset Type: Real Estate

Estate: Leasehold

Land Area: 0.15 Acres

Property Size: 3,600 SF

Property Type: Multifamily

Occupancy %: 100

Number of Units: 5

Investment Highlights

  • Five-unit multifamily investment
  • Proven value-add through rent growth
  • Multiple income streams
  • Limited near-term capital expenditures
  • Efficient utility configuration
  • Established East Side location
  • Stable long-term investment opportunity

Offering Summary

288 Robinson Street presents the opportunity to acquire a well-maintained five-unit multifamily investment with measurable in-place rental upside and multiple ancillary income streams. Current apartment rents average approximately $740 per month compared to market rents averaging more than $1,060, providing investors with a clear opportunity to increase revenue over time. Additional income is generated through four detached garages, two of which are currently leased, along with a coin-operated laundry facility that further diversifies cash flow. The property has benefited from numerous capital improvements, including updated roofing, blown-in insulation, replacement windows, and a well-maintained combi boiler, reducing near-term capital expenditure needs. Separate utility metering helps support efficient operations, while the corner lot location on Binghamton's established East Side positions the property for continued tenant demand and long-term value creation.

Sale FAQs

Investment Sales Broker

Lisberto Calvo

Lisberto Calvo

SVN | Innovative Commercial Advisors

Phone: XXXXXXXXXX

Email: XXXXXXXXXXXXXXXXXXXXXX

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