127 and 129 Susquehanna Street

129 Susquehanna St, Binghamton, NY 13901

Accepting Offers
127 and 129 Susquehanna Street
Asking Price

127 and 129 Susquehanna Street

129 Susquehanna St, Binghamton, NY 13901

Asset Type: Real Estate

Estate: Fee Simple

Land Area: 0.09 Acres

Number of Units: 13

Property Type: Multifamily

Year Built: 1984

Number of Floors: 3

Property Size: 8,877 SF

Investment Highlights

  • Two-building multifamily investment portfolio
  • 13 total residential units
  • 11 units at 129 Susquehanna Street
  • Two units at 127 Susquehanna Street
  • Both properties included in the sale
  • Many units have undergone recent renovations
  • Current rents are significantly below Broome County Fair Market Rents
  • Meaningful opportunity to increase rental income and NOI
  • Immediate operating scale with in-place income
  • Walking distance to Downtown Binghamton
  • Convenient access to public transportation and student bus routes
  • Close to restaurants, employment centers, services, and everyday amenities
  • Strong value-add opportunity with limited renovation requirements

127 and 129 Susquehanna Street Binghamton

Offered for sale as a single investment opportunity, 127 and 129 Susquehanna Street comprise two multifamily buildings totaling 13 residential units. The portfolio includes 11 units at 129 Susquehanna Street and two units at 127 Susquehanna Street, with both properties included in the sale. Many of the units have undergone recent renovations, enhancing their marketability while reducing near-term capital requirements for a new owner. All current rents are significantly below Broome County Fair Market Rents, providing a compelling opportunity to increase rental income and improve net operating income over time. The properties are conveniently located within walking distance of Downtown Binghamton, public transportation, student bus routes, restaurants, employment centers, and everyday amenities. This offering provides investors with immediate operating scale, in-place income, and meaningful value-add potential in a well-positioned urban location. Stabilization to Fair Market Rents would generate an annual NOI of $128,384.

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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