75.5 Pine St

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Address: Pine St, Binghamton, NY 13901, USA
New York & Tri-State + Apartment Buildings
Created date: February 5, 2024
Date last updated: May 23, 2026
Price: $299,500Investment Analyzer NEW!
  • High-Return Multifamily Asset: 11.66% cap rate, strong cash flow, DSCR 1.76, and stable tenant base with separate utilities.
  • Prime Location for Tenant Demand: Minutes to BU, hospitals, Downtown Binghamton, public transit, shopping, parks, and major highways (I-81, I-88, Route 17/I-86).
  • Low Price-Per-Unit Value Play: $59,900 per unit with upside for rent growth—ideal for portfolio expansion and long-term appreciation.

Property Description

High-yield 5-unit multifamily investment property in Binghamton’s desirable South Side, offering 3,310 sq ft, 8 bedrooms, and efficient separate utilities with 6 electric meters and 5 gas meters—ideal for reducing owner expenses and maximizing returns. This well-maintained asset generates $53,700 in annual gross rent with a Net Operating Income of $34,915, delivering an exceptional 11.66% cap rate, strong cash-on-cash return, and a DSCR of 1.76, making it highly bankable and attractive for both new and seasoned investors. All units are fully occupied with consistent rental performance and room for future rent growth. Prime location near major employment hubs, healthcare facilities, Binghamton University, and Downtown Binghamton’s restaurants, retail, and entertainment. Tenants benefit from walkable neighborhood amenities, public transportation, and quick access to I-81, I-88, and Route 17/I-86, ensuring strong, long-term demand. This is a rare opportunity to acquire a value-add multifamily, cash-flowing asset, and stable income producer in a growing Upstate New York market—perfect for investors seeking high ROI, portfolio expansion, and a low price-per-unit entry point.
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Broker Details

James Lucenti
James Lucenti

SVN | Innovative Commercial Advisors 607-354-6206

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Key Property Information

Listing Status: Unavailable
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $299,500
No. of Units: 5
Year Built: 1960
Lot Size: 0.08 Acres
Opportunity Zone: No
Price per unit: $59,900
Property Website Click Here
Address: 75.5 Pine St, Binghamton, NY 13901, USA
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Investment Analyzer

Step 1Financing Calculation

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Step 2Gross Rent Analysis

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Step 3Cap Rate Calculation

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Step 4Final Deal Analysis

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