BLDC & IDA Economic Development Programs The Binghamton Local Development Corporation offers low-interest loans for building purchase, renovation, equipment, and startup costs (binghamton-ny.gov).

.🛠️ They take abandoned homes and turn them into safe places for families🌱 They bring life back to neighborhoods that others wrote off 📚 They create spaces for small businesses, nonprofits, and neighborhood services.They’re not just chasing cap rates—they’re using their development skills to give back, one property at a time.As a former Director of Lending at a CDFI, I exclusively financed the acquisition and rehab of 2-4 MF and small apartment buildings that overlooked by local banks and credit unions.Nearly all my clients had 1 of 3 things in common (many had all 3) that motivated them to complete their redevelopment project, they either:1️⃣Grew up in the area,2️⃣Still attend church nearby, and/or3️⃣Have a family member that still lives in the neighborhoodAnd here’s the thing:↩️These impact-minded investors still make a solid return, often with Equity Multiples over 3.0x.

Should we develop both lots and sell one?

Endicott, New York, located in the heart of the Southern Tier, is a village with deep industrial roots and a renewed focus on economic development.

Mr MaMahon is nothing more than a promotor for the developer.  

Vacant industrial buildings often have several qualities that make them ideal candidates for self-storage conversion:Open floorplans and high ceilingsZoning compatibility in light industrial areasExisting utility infrastructureMinimal structural modifications requiredThese factors translate to lower upfront construction costs compared to ground-up development, as well as faster timelines to market.💰 Cost Advantages and Build-Out CostsThe average cost to convert an existing industrial property into climate-controlled self-storage ranges between $40–$70 per square foot in Upstate New York, depending on building condition, layout, and compliance upgrades.

Development plans and projections seem promising in Franklinton.

I'm an agent and investor, but I want to learn more about this kind of development.

Just wanted to introduce myselfJesse Smith is a seasoned real estate investor and engineer based in Velpen, Indiana, with over 25 years of combined experience in construction, engineering, and real estate development.

There are 30 acres that I own and I'm looking to potentially partner with a developer who's done it before.