123 Park Ave.

123 Park Ave Binghamton, NY 13903

123 Park Ave, Binghamton, NY, 13903
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$650,000
Last Verified:
Nov 25, 2024

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Highlights

  • - 10,000 SF Mid-Rise Multifamily Building
  • - 12 Units for Rental Income Potential
  • - Zoned Residential Multi Unit Dwelling
  • - Prime Location in Binghamton MSA
  • - Proximity to Public Transportation
  • - On-Site Parking for Residents

Description

Offered for sale is this 12 Unit building in a prime location in Binghamton's South Side. Directly on Park Ave. Right around the corner from 5 and 7 maria Manor and would make an excellent package to consolidate management. In close proximity to Binghamton General Hospital. Approximately 1 mile from Downtown Binghamton. Central location with fast and easy access to Vestal Ave. NYS Route 434 and the Brandywine highway interchange. Convenient access to local dining, shopping, and entertainment options enhances the overall quality of life for potential tenants. This area enjoys a strong rental demand. This is 12 units with 13 Beds. This is in close proximity to Binghamton General Hospital. Separate meters and off street parking. Each unit has a separate furnace and the building is fully sprinklered. The public bus line runs in front of the building.

Excellent Southside location. Right around the corner from 5 and 7 maria Manor and would make an excellent package to consolidate management. Directly on Park Ave. In close proximity to Binghamton General Hospital. Approximately 1 mile from Downtown Binghamton. Central location with fast and easy access to Vestal Ave. NYS Route 434 and the Brandywine highway interchange. Convenient access to local dining, shopping, and entertainment options enhances the overall quality of life for potential tenants. This area enjoys a strong rental demand.


Year Built: 1950
Building Size: 10000sq ft
Lot Size: 0.2 acres


Documents

Investment Analysis (22).pdf
SVN - OM/Proposal/BOV (P)

Map of 123 Park Ave, Binghamton, NY, 13903

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.