44, 46, 48, 50 and 47 Court Street

44, 46, 48, 50 and 47 Court Street Binghamton, NY 13901

44, 46, 48, 50 and 47 Court Street , Binghamton, NY, 13901
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$4,500,000
Last Verified:
Jun 10, 2022

Highlights

  • 3 solid Brick Buildings.
  • In the heart of Downtown Binghamton.
  • Walking distance to all of Downtown Binghamton's Restaurants, Shops and amenities.
  • Heavy foot and vehicle traffic.
  • Walking distance to the parking ramp.

Description

Offered for sale are 3, premium Downtown Binghamton Buildings in the heart of Downtown Binghamton. Right in the heart of the neighboring 1,300 Student Beds. All 3 buildings are mixed use buildings with retail on the first floor and student housing above. This is a rare and tremendous opportunity to some of the premium Downtown buildings. Walking distance to the bus lines. Walking distance to all of Downtown Binghamton's Restaurants, Shops and Amenities. These buildings are in arguably one of the best locations in Downtown Binghamton right at the intersection of Court St and Washington St. 2/3 of this portfolio has been recently renovated with high end finishes. 44 Court offers a unique student housing development opportunity of over 11,000sqft! Walk Score of 88, and a traffic count of 7,988. Financials quoted are estimated post renovation pro forma.

One of the best locations in Binghamton. At the intersection of Washington Street and Court Street. Right in the middle of the Downtown Business District. Heavy foot and vehicle traffic. This is a prime area for Binghamton University Student Housing neighboring 1,300 Student beds and these locations are in the epicenter.

Building Size: 23091sq ft
Lot Size: 0.2 acres


Documents

Offering Memorandum
Binghamton University- State University of New York-University-2021-12-08.pdf

Map of 44, 46, 48, 50 and 47 Court Street , Binghamton, NY, 13901

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.