41 Court St

41 Court St Binghamton, NY 13901

41 Court St, Binghamton, NY, 13901
41 Court St, Binghamton, NY, 13901 41 Court St, Binghamton, NY, 13901 41 Court St, Binghamton, NY, 13901 41 Court St, Binghamton, NY, 13901 41 Court St, Binghamton, NY, 13901 41 Court St, Binghamton, NY, 13901 41 Court St, Binghamton, NY, 13901 41 Court St, Binghamton, NY, 13901 41 Court St, Binghamton, NY, 13901 41 Court St, Binghamton, NY, 13901 41 Court St, Binghamton, NY, 13901 41 Court St, Binghamton, NY, 13901 41 Court St, Binghamton, NY, 13901 41 Court St, Binghamton, NY, 13901 41 Court St, Binghamton, NY, 13901 41 Court St, Binghamton, NY, 13901 41 Court St, Binghamton, NY, 13901 41 Court St, Binghamton, NY, 13901 41 Court St, Binghamton, NY, 13901 41 Court St, Binghamton, NY, 13901 41 Court St, Binghamton, NY, 13901 41 Court St, Binghamton, NY, 13901
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$1,350,000
Last Verified:
Nov 05, 2025

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Highlights

  • Newly signed 5-year commercial lease at $5,000/month
  • Prime corner location with dual frontage on Court and Washington Streets
  • 39,000 SF building offering strong value-add and redevelopment potential
  • Surrounded by major downtown anchors and high pedestrian traffic

Description

This 39,000 SF building presents an outstanding investment opportunity in the core of Downtown Binghamton. The first-floor commercial space has been newly leased for $5,000 per month on a five-year lease, providing steady cash flow and reinforcing the asset’s long-term stability. The upper floors offer substantial value-add potential, whether for additional commercial use, redevelopment, or mixed-use conversion.

Situated prominently at the intersection of Court Street and Washington Street, the property enjoys dual frontage, excellent visibility, and exposure to heavy pedestrian and vehicle traffic. Court Street sees an average daily count of 13,634 vehicles, while the area’s Walk Score of 91 underscores its accessibility and urban appeal.

Surrounded by key anchors such as Boscov’s, the MetroCenter, and Ellis Brothers Furniture, this location is positioned for continued growth and demand in Binghamton’s thriving downtown district.

Centrally located in Downtown Binghamton, this property sits in one of the city’s most active commercial corridors. The intersection of Court and Washington Streets connects major retail, dining, and entertainment destinations, making it a focal point for business and pedestrian activity.

The surrounding area includes established retailers, office users, and student housing developments, all within walking distance of Government Plaza, Binghamton University’s Downtown Center, and multiple parking facilities. With a Walk Score of 91 and traffic counts exceeding 13,000 vehicles per day, this is one of the city’s most visible and accessible downtown locations.


Year Built: 1965
Building Size: 39520sq ft
Building Class: C
Lot Size: 0.27 acres


Documents

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Map of 41 Court St, 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.