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23018231
31691748

74 Carroll St, Binghamton, NY 13901

SW
NY 10301220936
SVN Innovative Commercial Advisors
CL
NY 10401324866
SVN Innovative Commercial Advisors
Listed by SVN Innovative Commercial Advisors
$1,350,000
435 days on market
Updated 0 days ago

74 Carroll St

Details
Property Type Multifamily
Sub Type Apartment Building, Mid-Rise
Square Footage 13,020
Units 7
Cap Rate 8.15%
NOI $146,581
Occupancy 100%
Price per SqFt $138
Year Built 1970
Acreage 0.570
Investment Type Core+

Scale, Stability, and Student Demand

Marketing description

74 Carroll Street is a 13,020 SF mixed-use investment opportunity positioned to capture both student housing demand and commercial income. The residential component includes five units totaling 25 student beds, designed with multi-bedroom layouts, multiple bathrooms, and loft-style configurations that align with current leasing preferences. Updated interior finishes help distinguish the property from competing inventory in the market.

The building features secure coded access at both the main entry and unit levels, supporting tenant quality and efficient management. The commercial space provides an additional income stream, supported by a recently executed three-year lease.

Situated just off Court Street, the property benefits from proximity to Binghamton University’s downtown presence, public transportation, and neighborhood retail. The larger parcel includes off-street parking, a key advantage in this market, supporting consistent demand and long-term performance.

Investment highlights

13,020 SF mixed-use investment with residential and commercial income streams

Five residential units totaling 25 student beds

Student-focused layouts with multiple bathrooms and loft-style configurations

Secure coded access at building and unit levels for operational control

Commercial space supported by a recently executed three-year lease

Larger parcel with off-street parking in a downtown-adjacent location

Listing Contacts

SW
NY 10301220936
SVN Innovative Commercial Advisors
CL
NY 10401324866
SVN Innovative Commercial Advisors
Listed by SVN Innovative Commercial Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$146,581.00
$12,215.08/mo

Valuation Metrics

0
DSCR
10.86%
Cap Rate
10.86%
ROI

Map

Zoning

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C-1 CommercialSpecial CommercialService Commercial
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Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Scott Warren
License
10301220936
Brokerage
SVN Innovative Commercial Advisors
Name
Coty Lunn
License
10401324866
Brokerage
SVN Innovative Commercial Advisors
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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