40 Court St.
Ten-X Auction March 23rd
Marketing description
40 Court Street is a central downtown multifamily asset configured for high-density residential use with flexible housing layouts that appeal to student housing and group leasing markets. The building offers a mix of 2-, 5- and 6-bedroom apartments, each with their own private bathroom, spacious floor plans, large windows and in-unit amenities.
Several configurations offer multiple baths and efficient layouts that support strong cash flow potential. The property includes on-site laundry and all utilities can be structured into lease agreements to simplify operations and enhance net effective rents.
Investment highlights
Fully leased for the 2026–2027 academic year, delivering immediate cash flow and near-term income certainty.
2-, 5-, and 6-bedroom units with private bathrooms in every bedroom, supporting premium student housing demand.
Owner leaseback in place for the commercial office at $2,000 per month, adding stable supplemental income.
Strong Court Street frontage in Downtown Binghamton, positioned within a high-demand, walkable rental market near transit and key demand drivers.
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