29-31 Court St

29 Court St, Binghamton, NY 13901

Accepting Offers
29-31 Court St 29-31 Court St 29-31 Court St 29-31 Court St
Asking Price

$1,100,000

29-31 Court St

29 Court St, Binghamton, NY 13901

Asset Type: Real Estate

Estate: Leasehold

Year Built: 1910

Number of Floors: 4

Property Size: 15,356 SF

Property Type: Multifamily

Occupancy %: 100

Land Area: 0.06 Acres

Number of Units: 5

Investment Highlights

  • Two-building mixed-use portfolio totaling 15,356 SF
  • 100% occupied with diversified income from retail and residential units
  • Located along Court Street, Downtown Binghamton’s primary retail and nightlife corridor
  • Residential units positioned for student housing with consistent demand drivers
  • In-place rents below market with measurable upside
  • Long-term retail tenancy providing stability and visibility
  • Walkable location with direct access to dining, entertainment, and public transit
  • Basis of $76/SF, below replacement cost for downtown product

29-31 Court St

This offering presents the opportunity to acquire two adjacent mixed-use buildings at 29 and 31 Court Street, positioned within one of Downtown Binghamton’s most active retail and nightlife corridors. The portfolio combines street-level retail with student housing above, creating a diversified income stream supported by consistent pedestrian traffic, strong tenant demand, and proximity to Binghamton University’s downtown presence. Located just steps from the intersection of Court Street and Water Street, the properties sit within a concentrated cluster of restaurants, bars, and service-oriented businesses that drive daily foot traffic and sustained leasing demand. The residential units are fully occupied and cater directly to the student rental market, while the retail component provides stable, long-term tenancy along a highly visible commercial strip. This is a control position across two buildings in a supply-constrained downtown corridor, offering investors both in-place cash flow and the ability to increase rents to market levels over time.

Sale FAQs

Investment Sales Broker

Scott Warren, CCIM

Scott Warren, CCIM

SVN | Innovative Commercial Advisors

NY License: 10491212432

Phone: XXXXXXXXXX

Email: XXXXXXXXXXXXXXXXXXXX

Other Listings

See All Listings