40 Court Street
- Fully leased for the 2026–2027 academic year, delivering immediate cash flow and near-term income certainty.
- 2-, 5-, and 6-bedroom units with private bathrooms in every bedroom, supporting premium student housing demand.
- Owner leaseback in place for the commercial office at $2,000 per month, adding stable supplemental income.
- Strong Court Street frontage in Downtown Binghamton, positioned within a high-demand, walkable rental market near transit and key demand drivers.
Property Description
40 Court Street is a central downtown multifamily asset configured for high-density residential use with flexible housing layouts that appeal to student housing and group leasing markets. The building offers a mix of 2-, 5- and 6-bedroom apartments, each with their own private bathroom, spacious floor plans, large windows and in-unit amenities. Several configurations offer multiple baths and efficient layouts that support strong cash flow potential. The property includes on-site laundry and all utilities can be structured into lease agreements to simplify operations and enhance net effective rents.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 20 |
| Lot Size: | 0.10 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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