5 Mather St, Binghamton, NY, 13905

5 Mather St Binghamton, NY 13905

5 Mather St, Binghamton, NY, 13905
5 Mather St, Binghamton, NY, 13905 5 Mather St, Binghamton, NY, 13905 5 Mather St, Binghamton, NY, 13905 5 Mather St, Binghamton, NY, 13905
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$765,000
Last Verified:
Dec 14, 2024

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Highlights

  • - 8,556 SF distinguished building
  • - Nine unique and versatile units
  • - Constructed in 1965, exuding timeless allure

Description

Discover the exceptional potential of this impressive 8,556 SF building, offering nine unique furnished units perfectly suited for student living. Currently leased to students. With its advantageous location in the thriving Binghamton area, each unit presents an opportunity to attract student residents and elevate the property's value in this sought-after location. This standout building, boasting numerous units, and presents a prime opportunity for investors seeking to make a lasting impact in the local real estate market.

Immerse yourself in the thriving business landscape surrounding the property in Binghamton, NY. The area is dotted with notable landmarks including the Binghamton University, providing opportunities for collaboration and access to a skilled workforce. The vibrant downtown district, mere minutes away, encompasses a multitude of dining and entertainment options, offering an ideal setting for networking and client meetings. With convenient access to major transportation routes, the area fosters seamless connectivity, while the diverse range of neighboring businesses and professional services creates a bustling, enterprising environment. As an office building investor, the area's dynamic commercial scene positions the location as an attractive prospect in the heart of Binghamton's vibrant business community.


Year Built: 1965
Building Size: 8556sq ft
Lot Size: 0.19 acres


Documents

SVN - 5 Mather St. OM- Student Housing

Map of 5 Mather St, Binghamton, NY, 13905

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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.