Crandall Hall Apartments

2 Crandall St, Binghamton, NY 13905

Accepting Offers
Crandall Hall ApartmentsCrandall Hall ApartmentsCrandall Hall ApartmentsCrandall Hall Apartments
Asking Price

$1,999,000

Crandall Hall Apartments

2 Crandall St, Binghamton, NY 13905

Asset Type: Real Estate

Estate: Leasehold

Year Built: 1964

Land Area: 0.28 Acres

Number of Units: 24

Property Size: 14,430 SF

Property Type: Multifamily

Occupancy %: 100

Year Renovated: 2022

Number of Floors: 3

Parking Count: 24

Investment Highlights

  • Fully renovated 24-unit multifamily property
  • 100% occupied with immediate, stabilized cash flow
  • Strong historical occupancy and tenant retention
  • Limited near-term capital requirements
  • Newer roof with approximately 23 years remaining on the warranty
  • Updated domestic hot-water systems
  • Hallway and in-unit sprinkler systems
  • High-speed internet infrastructure
  • Elevator serving the building
  • Separately metered apartments with electric heat
  • Off-street parking for resident convenience
  • Landscaped outdoor picnic area
  • Desirable West Side location with a Walk Score of 83
  • Direct access to public transportation and SUNY bus routes
  • Turnkey investment offering durable income and long-term appreciation potential

Crandall Hall Apartments

Offered for sale is a fully renovated, 100% occupied 24-unit apartment building located on Binghamton’s desirable West Side. The property provides investors with immediate, stabilized cash flow supported by a strong occupancy history and limited near-term capital requirements. Comprehensive improvements include a newer roof with approximately 23 years remaining on its warranty, updated domestic hot-water systems, hallway and in-unit sprinkler systems, high-speed internet infrastructure and an elevator serving the building. Each apartment is separately metered and equipped with electric heat, supporting efficient operations and predictable ownership expenses. Off-street parking and a landscaped outdoor picnic area further enhance the resident experience and support long-term tenant retention. With substantial capital improvements already completed and no immediate deferred-maintenance requirements, 2 Crandall Street represents a turnkey multifamily investment offering durable income and long-term appreciation potential.

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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