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33545418
33545419

288 Robinson Street, Binghamton, NY 13904

LC
NY 10401364805
SVN Innovative Commercial Advisors
Listed by SVN Innovative Commercial Advisors
$350,000
7 days on market
Updated 1 day ago

288 Robinson Street

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,600
Units 3
Cap Rate 5.94%
NOI $20,801
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 11.01%
Pro-Forma NOI $38,535
Price per SqFt $97
Buildings 2
Acreage 0.150
Parking Spaces spaces
Investment Type Value Add

Multifamily | Value Add | 5 Units

Marketing description

Investor opportunity on Binghamton's East Side. This well-maintained 5-unit property features four apartments in the main building plus an attached single-family-style unit, offering a unique and attractive layout for tenants. Situated on a corner lot, the property includes 4 garages with 2 currently generating additional rental income. The property also features a coin-operated laundry area in the basement, providing added convenience for tenants and an additional income stream for ownership.

Major capital improvements have already been completed, including a metal roof (approx. 16 years old) and a shingle roof section on the main building (approx. 8 years old), as well as the garage roof (approx. 8 years old). Additional updates include new blown-in insulation, many newer windows, and a well-maintained combi boiler serving the main building. The property features separate electric meters for the main structure, along with separate electric and gas meters for the attached single-family-style unit.

Pride of ownership is evident throughout this property. A strong addition to any investment portfolio, offering stable income, additional garage revenue, laundry income, and long-term upside in a desirable East Side Binghamton location.

Investment highlights

  • 5-unit property consisting of 4 apartments plus an attached single-family-style unit
  • Value-add opportunity with upside through rent increases and operational improvements
  • Corner lot location on Binghamton's desirable East Side
  • 4 garages with 2 currently rented for additional income
  • Coin-operated laundry in the basement provides extra revenue potential
  • Major updates include metal roof, shingle roof section, garage roof, blown-in insulation, and many newer windows
  • Separate electric meters for the main building and separate electric/gas meters for the attached unit, helping reduce owner expenses

Listing Contacts

LC
NY 10401364805
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
$20,801.00
$1,733.42/mo

Valuation Metrics

0
DSCR
5.94%
Cap Rate
5.94%
ROI

Map

Zoning

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R-2 ResidentialTwo FamilyResidential One And Two Unit Dwelling
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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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Additional Information

Name
Lisberto Calvo Garcia
License
10401364805
Brokerage
10491212432
Brokerage Phone
607-206-1826
Title
Associate Advisor
Brokerage Address
520 Columbia Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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