90 Henry St, Binghamton, NY for sale

Investment Overview

Offered for auction, this 26-unit studio apartment building presents an exceptional investment opportunity in Binghamton's emerging Stadium District, a key redevelopment corridor targeted for continued public and private investment. The property has solid renatal history, providing strong in-place cash flow and demonstrated tenant demand. Ideally located within walking distance of SUNY bus lines and the Downtown Binghamton Transit Center, the property attracts a diverse tenant base including Binghamton University students, young professionals, and workforce renters. Residents benefit from convenient access to downtown amenities including restaurants, retail, banking, and entertainment venues. With stable occupancy, strong rental demand, operational simplicity, and long-term redevelopment potential, this asset offers investors an attractive combination of current cash flow, value-add upside, and appreciation potential in one of Binghamton's most active rental markets.

Investment Highlights

• Strong cash-flow upside: 26 studio apartments with 92% occupancy and applications coming in.
• Prime Stadium District location: Desirable Commercial zoning in a top rental corridor for BU students, surrounded by restaurants, shops, banks, and entertainment venues amid ongoing reinvestment and redevelopment.
• Efficient, well-maintained asset: Secure building with one central boiler for ease of maintenance, a value opportunity in a high-demand market.