24 Centenary St.

24 Centenary Binghamton, NY 13901

24 Centenary, Binghamton, NY, 13901
24 Centenary, Binghamton, NY, 13901 24 Centenary, Binghamton, NY, 13901 24 Centenary, Binghamton, NY, 13901 24 Centenary, Binghamton, NY, 13901 24 Centenary, Binghamton, NY, 13901 24 Centenary, Binghamton, NY, 13901 24 Centenary, Binghamton, NY, 13901 24 Centenary, Binghamton, NY, 13901 24 Centenary, Binghamton, NY, 13901 24 Centenary, Binghamton, NY, 13901 24 Centenary, Binghamton, NY, 13901 24 Centenary, Binghamton, NY, 13901 24 Centenary, Binghamton, NY, 13901 24 Centenary, Binghamton, NY, 13901 24 Centenary, Binghamton, NY, 13901 24 Centenary, Binghamton, NY, 13901 24 Centenary, Binghamton, NY, 13901 24 Centenary, Binghamton, NY, 13901
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$875,000
Last Verified:
Nov 11, 2024

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Highlights

  • Prime Downtown Binghamton location
  • Mix of 1-bed and 2-bed units
  • Walking distance to SUNY bus lines and amenities
  • Solid brick building with rare vacancies
  • Strong potential in the student housing market

Description

This property offers an exceptional setup for student housing in a prime location. Featuring one 2-bedroom unit and ten 1-bedroom units, it's perfectly situated in the heart of Downtown Binghamton’s student housing market.

Just two buildings from Court Street and located near the Koffman Southern Tier Incubator, this solid brick building is within walking distance to all of Downtown Binghamton and the SUNY bus lines. With its strong rental history and rare vacancies, this property is an ideal investment opportunity to capitalize on the high demand in the competitive student housing market.

89 Court Street and 73 Court Street are also available to purchase as a package with 24 Centenary Street, creating a powerful portfolio investment opportunity. Owning all three properties offers significant advantages in terms of scale, management efficiency, and market influence within Downtown Binghamton’s growing rental market.

This property is perfectly positioned in the heart of Downtown Binghamton’s thriving student housing market. Just two buildings from Court Street and situated at the end of the street near the Koffman Southern Tier Incubator, it offers unbeatable convenience. Residents will appreciate the short walking distance to all of Downtown Binghamton's amenities and easy access to SUNY bus lines, making it an ideal location to capitalize on the competitive student housing demand.


Year Built: 1965
Building Size: 6878sq ft
Lot Size: 0.04 acres


Documents

Investment Analysis (28).pdf
SVN - OM/Proposal/BOV (P)

Map of 24 Centenary, 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.