74 Carroll St

Highlights

• Fully leased mixed-use building
• 22 student beds leased through 2025–2026 academic year
• Two stabilized commercial tenants
• High-end residential finishes
• Secure access building
• Ample off-street parking (rare downtown amenity)
• Prime walkable downtown location
• Strong positioning within Binghamton’s student housing market

Description

This fully leased, mixed-use asset represents a premier opportunity in the heart of Downtown Binghamton’s thriving student housing market.

The 13,000 SF building consists of five residential units totaling 22 student beds and two fully leased commercial spaces, providing diversified income streams. Residential leases are secured through the 2025–2026 academic year, offering near-term income stability and reduced rollover risk.

The student housing units feature high-end finishes throughout, positioning the property at the top of the local rental market. Amenities include:
Central air conditioning
Two full bathrooms per unit
Loft-style bedroom layouts in three of the five units
Secure coded access at both the main entrance and individual unit levels

The property also offers ample off-street parking, a rare and highly valuable amenity in Downtown Binghamton where parking availability is limited. This feature enhances tenant retention and supports continued premium rental positioning.

The commercial component is strengthened by a newly executed three-year lease with a salon tenant, contributing to long-term income durability and mixed-use stability.

Strategically located just one building off Court Street, the property is within walking distance of Binghamton’s primary restaurants, nightlife, retail, and service amenities — an ideal location for student tenants seeking convenience and connectivity.

This prime location is ideally positioned to capitalize on Downtown Binghamton’s thriving student housing market. Just one building off the busy Court Street corridor, it combines exceptional convenience with a strong walkability score of 84 and a daily traffic count of 7,280. The property is easily accessible via SUNY bus routes and within walking distance to the area’s restaurants, shops, and amenities. Unlike many downtown sites, this complex offers ample off street parking for safety, security and convenience.

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