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33685740
33685739

26 Fayette Street, Binghamton, NY 13901

JL
NY NY 10401302147
SVN Innovative Commercial Advisors
SW
NY 10301220936
SVN Innovative Commercial Advisors
Listed by SVN Innovative Commercial Advisors
$295,000
14 days on market
Updated 0 days ago

26 Fayette Street

Details
Property Type Multifamily
Sub Type Apartment Building, Low-Rise/Garden
Square Footage 7,524
Units 3
Cap Rate 13.55%
NOI $39,982
Tenancy Multi
Year Built 1920
Investment Type Core+

26 Fayette Street, Binghamton, NY 13901

Marketing description

Excellent investment opportunity featuring three spacious apartments in a convenient Binghamton location. Situated within walking distance of public transportation, shopping, restaurants, and major employers, this property offers strong appeal to tenants. The building includes a large 4-bedroom apartment on the first floor, a second large 4-bedroom apartment on the second floor, and a massive studio apartment on the third floor. The second-floor unit was recently vacated and is currently available for lease, providing an opportunity to increase rents or select a new tenant. The property has a strong rental history, generous unit sizes, and consistent demand, making it an attractive option for both new and experienced investors seeking immediate income potential with upside through lease-up of the vacant unit.

Discover the exciting opportunities surrounding this prime location in Binghamton, NY. Situated in a vibrant community, the area boasts convenient access to the downtown business district, shopping centers, and cultural attractions. The property is within close proximity to prominent universities, including Binghamton University, which offers a steady demand for multifamily and high-rise housing options. Enjoy easy access to local parks, restaurants, and entertainment venues, making the location highly desirable for potential renters and investors. With its strategic position in a dynamic and growing market, the area presents an enticing prospect for those seeking to capitalize on the thriving multifamily and high-rise real estate opportunities in Binghamton.

Investment highlights

  • Strong Cash Flow with Upside Potential - Proven rental history featuring two spacious 4-bedroom apartments and a massive studio apartment. The recently vacated second-floor unit is ready for lease-up, providing immediate value-add and income growth opportunities.
  • Prime Walkable Location - Situated within walking distance of public transportation, shopping, restaurants, and major employers, offering tenants convenience and supporting strong rental demand across multiple renter demographics.
  • Large Units, Durable Construction & Easy Ownership - Tenant-friendly floor plans, well-lit living spaces, durable finishes, maintained mechanical systems, on-site laundry, and solid exterior construction combine to create an income-producing asset with manageable operating costs and long-term investment appeal.

Listing Contacts

JL
NY NY 10401302147
SVN Innovative Commercial Advisors
SW
NY 10301220936
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
$39,982.00
$3,331.83/mo

Valuation Metrics

0
DSCR
13.55%
Cap Rate
13.55%
ROI

Map

Zoning

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R-3 ResidentialMulti FamilyResidential Multi Unit Dwelling
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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
JAMES LUCENTI
License
NY 10401302147
Brokerage
SVN Innovative Commercial Advisors
Title
CRE Advisor
Brokerage Address
520 Columbia Drive
Name
Scott Warren
License
10301220936
Brokerage
SVN Innovative Commercial Advisors
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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