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33683164
33683165

123 CT ST, BINGHAMTON, NY 13901-3547

JM
NY 40MA0657731
Maczko Realty
Listed by Maczko Realty
$5,750,000
5 days on market
Updated 4 days ago

123 Court St

Details
APN 160.41-2-9
Property Type Retail, Multifamily (+1)
Sub Type Student Housing, Apartment Building (+1)
Square Footage 28,000
Units 4
Beds 54
NOI $403,430
Occupancy 100%
Tenancy Multi
Pro-Forma NOI $447,818
Price per SqFt $205
Year Built 1960
Year Renovated 2016
Buildings 1
Stories 4
Lot Size (SqFt) 7,578
Zoning Downtown Business District
Lease Commencement 06/01/2026
Ground Lease No
Loading Docks 1
Dock High Doors 1

54-bed NYC-style Loft Student Housing Rare & Sought After Asset in Downtown Binghamton

Marketing description

Introducing 123 Court St, a rare opportunity to acquire one of Downtown Binghamton's premier student housing assets. Serving the ever-growing Binghamton University market, this exceptional property offers 54 beds across spacious 4, 6, 8, and 10-bedroom apartment layouts. Students are drawn to the building's authentic New York City-style loft design featuring exposed brick walls, hardwood floors, spiral ductwork, oversized bedrooms, and expansive common living areas. Completely redeveloped approx. 10 years ago, the property offers a unique living experience rarely found in student housing. Located in the heart of Downtown Binghamton, residents enjoy immediate access to restaurants, coffee shops, nightlife, and University transportation. Contact the listing agent who also happens to be the designer and builder from day one of this investment for a confidential conversation. Building highlighted by a 7,000 SF commercial 1st Fl with 12 Ft + ceiling heights and beautiful brick walls.

Investment highlights

Introducing 123 Court St, a rare opportunity to acquire one of Downtown Binghamton's premier student housing assets. Serving the ever-growing Binghamton University market, this exceptional property offers 54 beds across spacious 4, 6, 8, and 10-bedroom apartment layouts. Students are drawn to the building's authentic New York City-style loft design featuring exposed brick walls, hardwood floors, spiral ductwork, oversized bedrooms, and expansive common living areas. Completely redeveloped approx. 10 years ago, the property offers a unique living experience rarely found in student housing. Located in the heart of Downtown Binghamton, residents enjoy immediate access to restaurants, coffee shops, nightlife, and University transportation. Contact the listing agent who also happens to be the designer and builder from day one of this investment for a confidential conversation. Building highlighted by a 7,000 SF commercial 1st Fl with 12 Ft + ceiling heights and beautiful brick walls.

Listing Contacts

JM
NY 40MA0657731
Maczko Realty
Listed by Maczko Realty

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$403,430.18
$33,619.18/mo

Valuation Metrics

0
DSCR
7.02%
Cap Rate
7.02%
ROI

Map

Zoning

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C-2 CommercialCore CommercialDowntown Business District
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Last updated Mar 12, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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