49 & 51 Park Ave, Binghamton, NY 13903

For registration requirements and regulations, please review here or contact Audrey Hanna | 518-625-8581 | [email protected].

Located on Binghamton’s South Side, this 11-Units, Sister Buildings Minutes from UHS Medical + Downtown, 49–51 Park Ave, Binghamton, NY 13903 offers investors a compelling opportunity to acquire a well-maintained multifamily asset in one of Binghamton’s established residential submarkets. The property consists of two buildings totaling 11 units, including nine large 2-bedroom apartments and two 1-bedroom apartments, creating a highly marketable unit mix. With strong in-place occupancy, professional management, and immediate cash flow, this asset delivers stable day-one income with additional upside. Current rents are below Broome County Fair Market Rent, giving new ownership a clear path to revenue growth through lease turnover and strategic rent increases. The property is within walking distance of UHS Binghamton General Hospital, Weis Market, and approximately a half-mile from Downtown Binghamton, placing tenants near major employers, healthcare services, dining, retail, and entertainment. 

Convenient access to Route 17/I-86, Route 11, and public transportation further supports long-term tenant demand. This is a rare chance to secure a proven, income-producing multifamily investment with both stability and value-add potential!

• Non-Contingent
• Earnest Money Deposit: Greater of $20,000 or 10% of the Purchase Price
• Marketing Fee: 5% of the Winning Bid Amount, $20,000 minimum
• $10,000 Participation Deposit

49 & 51 Park Ave, Binghamton, NY 13903