$1,800,000
100-116 Henry Street, Binghamton, NY 13901
Current Rent **
N/A
Projected Rent **
$10,000+
Development Project - Binghamton
Outstanding investment and redevelopment opportunity in the heart of Downtown Binghamton — the Henry Street Portfolio. This rare package consists of four buildings plus a parking lot, strategically located across from the Binghamton Post Office and just steps from Mirabito Stadium in the Stadium District. With close proximity to downtown amenities, shopping, dining, major highways, and public transportation, the properties sit in a high-demand rental area with excellent long-term growth potential.
Portfolio Highlights
• 100 Henry Street: 8 units / 24 beds
• 104 Henry Street: 2 units / 14 beds
• 108 Henry Street (The Dixie): 15 units / 44 beds (approved)
• Parking Lot: Additional development/tenant amenity potential
• 27,140 SF Mid-Rise Building with plans available for up to 68 multifamily units
• Flexible Commercial C4 zoning and Congregate Living designation — allows for student housing, multifamily apartments, or mixed-use development
• Much of the demolition work has already been completed, providing a strong head start for redevelopment
• Prime location with strong rental demand and attractive investment yield potential
This portfolio represents an exceptional development opportunity with the flexibility and positioning needed for a successful project in one of the region’s most dynamic rental markets.
Location:
100-116 Henry Street, Binghamton, NY 13901
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** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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