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29994056
29993786

90 Henry St, Binghamton, NY 13901

SW
NY 10301220936
SVN Innovative Commercial Advisors
JL
NY NY 10401302147
SVN Innovative Commercial Advisors
Listed by SVN Innovative Commercial Advisors
$350,000
137 days on market
Updated 18 days ago

90 Henry Street

Details
Property Type Multifamily
Sub Type Student Housing, Apartment Building (+1)
Square Footage 7,446
Units 26
Cap Rate 10.06%
NOI $165,925
Occupancy 92%
Tenancy Multi
Price per SqFt $222
Class C
Year Built 1960
Buildings 1
Stories 3
Lot Size (SqFt) 5,387
Zoning C-4
Investment Type Core+

26-Unit Downtown Binghamton | 10% Cap | $59K Per Door | Rent Stabalized

Marketing description

Offered for auction, this 26-unit studio apartment building presents an exceptional investment opportunity in Binghamton's emerging Stadium District, a key redevelopment corridor targeted for continued public and private investment. The property has solid rental history, providing strong in-place cash flow and demonstrated tenant demand. Ideally located within walking distance of SUNY bus lines and the Downtown Binghamton Transit Center, the property attracts a diverse tenant base including Binghamton University students, young professionals, and workforce renters. Residents benefit from convenient access to downtown amenities including restaurants, retail, banking, and entertainment venues. With stable occupancy, strong rental demand, operational simplicity, and long-term redevelopment potential, this asset offers investors an attractive combination of current cash flow, value-add upside, and appreciation potential in one of Binghamton's most active rental markets.

Located in the heart of downtown Binghamton, 90 Henry Street sits within a dynamic, walkable corridor surrounded by a mix of residential, student housing, and commercial uses. The property is positioned near the Stadium District and downtown core, offering convenient access to restaurants, coffee shops, entertainment venues, and professional services. It benefits from strong proximity to Binghamton University amenities, public transportation, and major arterial roads, making it easily accessible for residents, tenants, or patrons. The surrounding area has seen continued reinvestment and redevelopment, contributing to a growing demand for housing and mixed-use opportunities and making this location well-suited for residential, commercial, or redevelopment potential.

Investment highlights

  • Strong cash-flow upside: 26 studio apartments with 92% occupancy and applications coming in.
  • Prime Stadium District location: Desirable Commercial zoning in a top rental corridor for BU students, surrounded by restaurants, shops, banks, and entertainment venues amid ongoing reinvestment and redevelopment.
  • Efficient, well-maintained asset: Secure building with one central boiler for ease of maintenance, a value opportunity in a high-demand market.

Listing Contacts

SW
NY 10301220936
SVN Innovative Commercial Advisors
JL
NY NY 10401302147
SVN Innovative Commercial Advisors
Listed by SVN Innovative Commercial Advisors

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$165,925.00
$13,827.08/mo

Valuation Metrics

0
DSCR
47.41%
Cap Rate
47.41%
ROI

Map

Zoning

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C-1 CommercialSpecial CommercialService Commercial
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View all 41 uses
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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
JAMES LUCENTI
License
NY 10401302147
Brokerage
SVN Innovative Commercial Advisors
Title
CRE Advisor
Brokerage Address
520 Columbia Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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