74 Carroll St. and 29-31 Court St.

74 Carroll St, Binghamton, NY 13901

Accepting Offers
74 Carroll St. and 29-31 Court St.74 Carroll St. and 29-31 Court St.74 Carroll St. and 29-31 Court St.74 Carroll St. and 29-31 Court St.
Asking Price

$2,450,000

74 Carroll St. and 29-31 Court St.

74 Carroll St, Binghamton, NY 13901

Asset Type: Real Estate

Estate: Leasehold

Year Built: 1970

Number of Floors: 3

Property Size: 13,020 SF

Property Type: Multifamily

Occupancy %: 100

Land Area: 0.57 Acres

Number of Units: 7

Investment Highlights

  • Three-building mixed-use portfolio in Downtown Binghamton
  • 36 total student housing beds across 74 Carroll Street and 29-31 Court Street
  • Diversified income stream from residential and commercial tenants
  • Ground-floor retail space positioned in a high-traffic downtown location
  • Located near approximately 1,300 existing student housing beds
  • Walk Score of 90 at 29-31 Court Street
  • Daily traffic count of 5,391 vehicles along Court Street
  • Recently executed three-year commercial lease at 74 Carroll Street
  • Secure coded access systems at both building and unit levels at 74 Carroll Street
  • Off-street parking and larger parcel size provide a competitive advantage in the downtown market

74 Carroll St. and 29-31 Court St.

This offering presents the opportunity to acquire three strategically located mixed-use buildings in Downtown Binghamton's most active student housing and entertainment district. The portfolio combines stable residential income, street-level commercial tenancy, and strong long-term demand drivers, creating a diversified investment opportunity in one of the region's most established rental markets. 74 Carroll Street consists of a 13,020 SF mixed-use property featuring five residential units totaling 25 student beds above commercial space. The residential units offer desirable layouts with multiple bathrooms, loft-style configurations, updated finishes, and secure coded access at both the building and unit levels. A recently executed commercial lease provides additional income stability, while off-street parking and a larger parcel size offer advantages rarely found in Downtown Binghamton. 29 and 31 Court Street are prominently positioned along one of Binghamton's most active downtown blocks, just steps from Water Street and surrounded by approximately 1,300 student beds. The properties feature ground-floor retail space with student housing above and benefit from exceptional walkability, consistent pedestrian traffic, and proximity to restaurants, nightlife, retail, and university transportation routes. Together, the portfolio offers a blend of stabilized income, strong location fundamentals, and exposure to Binghamton's growing student housing market.

Sale FAQs

Investment Sales Broker

Scott Warren, CCIM

Scott Warren, CCIM

SVN | Innovative Commercial Advisors

NY License: 10491212432

Phone: XXXXXXXXXX

Email: XXXXXXXXXXXXXXXXXXXX

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